Iron Mountain Incorporated (NYSE:IRM) Shares Purchased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lifted its holdings in Iron Mountain Incorporated (NYSE:IRM) by 6.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 940,090 shares of the financial services provider’s stock after acquiring an additional 59,381 shares during the quarter. Goldman Sachs Group Inc. owned 0.32% of Iron Mountain worth $65,787,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. grew its position in Iron Mountain by 201.7% during the fourth quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock valued at $25,000 after buying an additional 242 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Iron Mountain during the fourth quarter valued at $26,000. CVA Family Office LLC acquired a new stake in Iron Mountain during the fourth quarter valued at $32,000. Heritage Wealth Advisors purchased a new position in Iron Mountain during the fourth quarter valued at $38,000. Finally, Harbor Investment Advisory LLC lifted its holdings in Iron Mountain by 48.2% during the fourth quarter. Harbor Investment Advisory LLC now owns 618 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 201 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Price Performance

Iron Mountain stock opened at $88.27 on Tuesday. Iron Mountain Incorporated has a 12-month low of $53.74 and a 12-month high of $89.91. The stock has a market cap of $25.87 billion, a P/E ratio of 133.74, a PEG ratio of 5.27 and a beta of 0.95. The company has a 50-day moving average price of $79.69 and a 200 day moving average price of $74.43. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 674.63.

Iron Mountain Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 17th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Monday, June 17th. Iron Mountain’s dividend payout ratio is presently 393.94%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on IRM shares. TheStreet downgraded shares of Iron Mountain from a “b” rating to a “c” rating in a report on Thursday, February 22nd. Wells Fargo & Company increased their price objective on shares of Iron Mountain from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Finally, Barclays increased their price objective on shares of Iron Mountain from $79.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Iron Mountain presently has a consensus rating of “Moderate Buy” and an average target price of $73.80.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, EVP Deborah Marson sold 2,000 shares of Iron Mountain stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $78.48, for a total transaction of $156,960.00. Following the completion of the sale, the executive vice president now directly owns 65,286 shares in the company, valued at $5,123,645.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $76.68, for a total transaction of $1,217,295.00. Following the completion of the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at $22,670,442. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Deborah Marson sold 2,000 shares of Iron Mountain stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $78.48, for a total transaction of $156,960.00. Following the completion of the transaction, the executive vice president now owns 65,286 shares of the company’s stock, valued at approximately $5,123,645.28. The disclosure for this sale can be found here. Insiders sold a total of 60,132 shares of company stock worth $4,856,653 over the last three months. Insiders own 2.10% of the company’s stock.

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.