Iron Mountain Incorporated (NYSE:IRM) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank increased its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 39.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 166,908 shares of the financial services provider’s stock after purchasing an additional 47,271 shares during the quarter. Toronto Dominion Bank owned 0.06% of Iron Mountain worth $13,388,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IRM. Blue Trust Inc. raised its holdings in Iron Mountain by 201.7% during the fourth quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 242 shares during the last quarter. CVA Family Office LLC acquired a new position in shares of Iron Mountain in the fourth quarter worth $32,000. Transcendent Capital Group LLC purchased a new stake in shares of Iron Mountain in the fourth quarter valued at $36,000. Heritage Wealth Advisors acquired a new stake in shares of Iron Mountain during the fourth quarter valued at $38,000. Finally, Headlands Technologies LLC purchased a new stake in Iron Mountain during the 1st quarter worth about $38,000. 80.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Iron Mountain

In related news, Director Walter C. Rakowich sold 954 shares of Iron Mountain stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $81.33, for a total transaction of $77,588.82. Following the sale, the director now directly owns 35,166 shares in the company, valued at $2,860,050.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Walter C. Rakowich sold 954 shares of Iron Mountain stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $81.33, for a total value of $77,588.82. Following the transaction, the director now owns 35,166 shares of the company’s stock, valued at approximately $2,860,050.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John Tomovcsik sold 35,084 shares of Iron Mountain stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $88.76, for a total value of $3,114,055.84. Following the completion of the transaction, the chief operating officer now directly owns 20,366 shares in the company, valued at approximately $1,807,686.16. The disclosure for this sale can be found here. Insiders have sold a total of 100,553 shares of company stock worth $8,759,378 over the last ninety days. 2.10% of the stock is currently owned by corporate insiders.

Iron Mountain Stock Up 1.7 %

Shares of IRM stock traded up $1.60 during mid-day trading on Friday, reaching $98.50. 1,124,996 shares of the company were exchanged, compared to its average volume of 1,596,198. Iron Mountain Incorporated has a fifty-two week low of $56.51 and a fifty-two week high of $101.38. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $28.87 billion, a P/E ratio of 149.24, a P/E/G ratio of 5.74 and a beta of 0.98. The business’s 50 day simple moving average is $89.17 and its 200 day simple moving average is $79.70.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, June 17th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend was Monday, June 17th. Iron Mountain’s payout ratio is 393.95%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on IRM. Wells Fargo & Company upped their target price on shares of Iron Mountain from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday. Stifel Nicolaus upped their target price on shares of Iron Mountain from $86.00 to $103.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, The Goldman Sachs Group upped their target price on shares of Iron Mountain from $89.00 to $101.00 and gave the company a “buy” rating in a report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.17.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers' work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.