Seed Wealth Management Inc. Invests $208,000 in Iron Mountain Incorporated (NYSE:IRM)

Seed Wealth Management Inc. bought a new stake in Iron Mountain Incorporated (NYSE:IRM) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,620 shares of the financial services provider’s stock, valued at approximately $208,000.

A number of other large investors have also recently made changes to their positions in the company. Cohen & Steers Inc. grew its stake in shares of Iron Mountain by 202.1% during the fourth quarter. Cohen & Steers Inc. now owns 22,475,614 shares of the financial services provider’s stock valued at $1,572,936,000 after buying an additional 15,035,937 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Iron Mountain by 0.7% during the third quarter. Deutsche Bank AG now owns 4,571,545 shares of the financial services provider’s stock worth $271,778,000 after purchasing an additional 29,683 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Iron Mountain by 60.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,086,316 shares of the financial services provider’s stock worth $285,960,000 after purchasing an additional 1,546,592 shares during the last quarter. Norges Bank bought a new stake in Iron Mountain during the 4th quarter valued at about $228,391,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Iron Mountain by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,157,681 shares of the financial services provider’s stock valued at $220,975,000 after buying an additional 81,741 shares during the period. 80.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Iron Mountain news, Director Wendy J. Murdock sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $75.35, for a total value of $113,025.00. Following the completion of the sale, the director now owns 24,491 shares of the company’s stock, valued at $1,845,396.85. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Iron Mountain news, Director Wendy J. Murdock sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $75.35, for a total transaction of $113,025.00. Following the transaction, the director now owns 24,491 shares in the company, valued at approximately $1,845,396.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Daniel Borges sold 3,095 shares of Iron Mountain stock in a transaction on Monday, June 17th. The stock was sold at an average price of $86.83, for a total transaction of $268,738.85. The disclosure for this sale can be found here. Insiders have sold a total of 104,511 shares of company stock worth $8,787,218 in the last ninety days. 2.10% of the stock is owned by insiders.

Iron Mountain Stock Up 0.9 %

NYSE:IRM traded up $0.77 during midday trading on Thursday, reaching $89.22. 1,265,220 shares of the stock traded hands, compared to its average volume of 1,578,986. The stock has a market capitalization of $26.15 billion, a PE ratio of 135.18, a price-to-earnings-growth ratio of 5.25 and a beta of 0.95. Iron Mountain Incorporated has a 12-month low of $54.91 and a 12-month high of $89.91. 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 business has a 50-day moving average of $81.67 and a two-hundred day moving average of $75.66.

Iron Mountain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, June 17th will be issued a dividend of $0.65 per share. The ex-dividend date is Monday, June 17th. This represents a $2.60 annualized dividend and a dividend yield of 2.91%. Iron Mountain’s dividend payout ratio is presently 393.94%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IRM. The Goldman Sachs Group lifted their price target on shares of Iron Mountain from $89.00 to $101.00 and gave the company a “buy” rating in a research note on Thursday. Barclays raised their price target on Iron Mountain from $79.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. Finally, Wells Fargo & Company increased their target price on shares of Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.33.

Iron Mountain 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.