LMR Partners LLP Has $462,000 Stake in Iron Mountain Incorporated (NYSE:IRM)

LMR Partners LLP decreased its position in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 75.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,886 shares of the financial services provider's stock after selling 12,241 shares during the quarter. LMR Partners LLP's holdings in Iron Mountain were worth $462,000 as of its most recent filing with the SEC.

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A number of other hedge funds have also recently added to or reduced their stakes in IRM. O Shaughnessy Asset Management LLC increased its stake in shares of Iron Mountain by 34.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 15,344 shares of the financial services provider's stock worth $1,231,000 after purchasing an additional 3,906 shares during the last quarter. Bessemer Group Inc. increased its position in Iron Mountain by 13.8% during the first quarter. Bessemer Group Inc. now owns 6,461 shares of the financial services provider's stock worth $518,000 after buying an additional 781 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Iron Mountain by 0.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 362,134 shares of the financial services provider's stock valued at $29,060,000 after buying an additional 1,716 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Iron Mountain in the first quarter worth about $5,133,000. Finally, Shell Asset Management Co. boosted its stake in shares of Iron Mountain by 23.1% during the 1st quarter. Shell Asset Management Co. now owns 46,450 shares of the financial services provider's stock worth $3,726,000 after acquiring an additional 8,716 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company's stock.

Insider Buying and Selling

In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $117.36, for a total transaction of $1,863,090.00. Following the sale, the chief executive officer now directly owns 295,650 shares of the company's stock, valued at approximately $34,697,484. The trade was a 5.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wendy J. Murdock sold 8,500 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $116.38, for a total value of $989,230.00. Following the completion of the sale, the director now owns 14,829 shares in the company, valued at approximately $1,725,799.02. This represents a 36.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,125 shares of company stock valued at $6,613,584 over the last ninety days. 2.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

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IRM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Iron Mountain from $82.00 to $121.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Barclays decreased their price objective on shares of Iron Mountain from $133.00 to $131.00 and set an "overweight" rating for the company in a report on Monday. The Goldman Sachs Group lifted their target price on shares of Iron Mountain from $106.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Wells Fargo & Company upped their price target on shares of Iron Mountain from $120.00 to $135.00 and gave the company an "overweight" rating in a report on Thursday, October 17th. Finally, BNP Paribas raised Iron Mountain to a "strong-buy" rating in a research report on Wednesday, November 6th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Iron Mountain has a consensus rating of "Buy" and a consensus price target of $129.40.

Check Out Our Latest Report on Iron Mountain

Iron Mountain Trading Up 0.9 %

Shares of IRM opened at $116.50 on Wednesday. The stock's 50-day moving average price is $119.72 and its 200 day moving average price is $103.81. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 674.63. Iron Mountain Incorporated has a 12-month low of $61.80 and a 12-month high of $130.24. The firm has a market capitalization of $34.19 billion, a price-to-earnings ratio of 323.61, a P/E/G ratio of 6.88 and a beta of 0.99.

Iron Mountain Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be paid a $0.715 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.45%. Iron Mountain's payout ratio is 794.44%.

Iron Mountain Company Profile

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.

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