DnB Asset Management AS boosted its holdings in Iron Mountain Incorporated (NYSE:IRM – Free Report) by 21.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 54,723 shares of the financial services provider’s stock after buying an additional 9,634 shares during the period. DnB Asset Management AS’s holdings in Iron Mountain were worth $2,895,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the business. Gilman Hill Asset Management LLC raised its holdings in Iron Mountain by 0.8% in the first quarter. Gilman Hill Asset Management LLC now owns 207,434 shares of the financial services provider’s stock valued at $10,975,000 after buying an additional 1,579 shares during the period. Nordea Investment Management AB raised its holdings in Iron Mountain by 4.9% in the first quarter. Nordea Investment Management AB now owns 20,732 shares of the financial services provider’s stock valued at $1,083,000 after buying an additional 965 shares during the period. FCF Advisors LLC raised its holdings in Iron Mountain by 15.0% in the first quarter. FCF Advisors LLC now owns 21,953 shares of the financial services provider’s stock valued at $1,162,000 after buying an additional 2,860 shares during the period. Brookstone Capital Management raised its holdings in Iron Mountain by 14.6% in the first quarter. Brookstone Capital Management now owns 362,337 shares of the financial services provider’s stock valued at $19,273,000 after buying an additional 46,106 shares during the period. Finally, Park Avenue Securities LLC raised its holdings in Iron Mountain by 8.5% in the first quarter. Park Avenue Securities LLC now owns 11,928 shares of the financial services provider’s stock valued at $631,000 after buying an additional 931 shares during the period. Hedge funds and other institutional investors own 76.21% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Barclays increased their price objective on shares of Iron Mountain from $56.00 to $64.00 in a research report on Friday, May 5th. StockNews.com raised shares of Iron Mountain from a “sell” rating to a “hold” rating in a research report on Tuesday, May 30th.
Iron Mountain Stock Up 0.1 %
Iron Mountain Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Stockholders of record on Thursday, June 15th were given a dividend of $0.6185 per share. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date was Wednesday, June 14th. Iron Mountain’s payout ratio is currently 124.75%.
Insider Transactions at Iron Mountain
In other news, CEO William L. Meaney sold 10,507 shares of the firm’s stock in a transaction that occurred on Friday, April 14th. The shares were sold at an average price of $53.55, for a total transaction of $562,649.85. Following the completion of the sale, the chief executive officer now owns 295,650 shares of the company’s stock, valued at $15,832,057.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Iron Mountain news, COO John Tomovcsik sold 57,872 shares of Iron Mountain stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $55.96, for a total value of $3,238,517.12. Following the completion of the transaction, the chief operating officer now owns 50,455 shares of the company’s stock, valued at $2,823,461.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO William L. Meaney sold 10,507 shares of Iron Mountain stock in a transaction on Friday, April 14th. The stock was sold at an average price of $53.55, for a total transaction of $562,649.85. Following the completion of the transaction, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at approximately $15,832,057.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 134,678 shares of company stock valued at $7,482,890. 2.20% of the stock is currently owned by corporate insiders.
Iron Mountain Profile
Iron Mountain Incorporated (NYSE: IRM) is a global leader in innovative storage, data center infrastructure, asset lifecycle management and information management services. Founded in 1951 and trusted by more than 225,000 customers worldwide, Iron Mountain helps customers CLIMB HIGHER to transform their businesses.
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