Loomis Sayles & Co. L P Has $104,000 Stock Position in Iron Mountain Incorporated (NYSE:IRM)

Loomis Sayles & Co. L P boosted its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 3,253.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 872 shares of the financial services provider’s stock after buying an additional 846 shares during the period. Loomis Sayles & Co. L P’s holdings in Iron Mountain were worth $104,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of IRM. Harvest Fund Management Co. Ltd lifted its position in shares of Iron Mountain by 65.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 17,988 shares of the financial services provider’s stock valued at $2,137,000 after acquiring an additional 7,122 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Iron Mountain in the third quarter valued at $271,000. Hartford Funds Management Co LLC grew its holdings in shares of Iron Mountain by 8.8% during the third quarter. Hartford Funds Management Co LLC now owns 4,398 shares of the financial services provider’s stock valued at $523,000 after buying an additional 354 shares in the last quarter. Summit Trail Advisors LLC acquired a new position in Iron Mountain during the third quarter valued at $571,000. Finally, Larson Financial Group LLC lifted its stake in Iron Mountain by 29.8% in the 3rd quarter. Larson Financial Group LLC now owns 557 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 128 shares in the last quarter. 80.13% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $118.97, for a total transaction of $1,888,648.75. Following the completion of the transaction, the chief executive officer now owns 295,650 shares of the company’s stock, valued at $35,173,480.50. The trade was a 5.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wendy J. Murdock sold 8,500 shares of the firm’s stock in a transaction dated 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 directly 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 56,125 shares of company stock valued at $6,613,584 over the last 90 days. 2.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

IRM has been the topic of a number of research reports. Stifel Nicolaus upped their target price on Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 23rd. BNP Paribas upgraded shares of Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. boosted their price target on shares of Iron Mountain from $82.00 to $121.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Royal Bank of Canada increased their price objective on Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, The Goldman Sachs Group boosted their target price on Iron Mountain from $106.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $131.00.

Iron Mountain Trading Up 0.5 %

Shares of NYSE:IRM opened at $124.24 on Friday. The stock has a market capitalization of $36.46 billion, a PE ratio of 345.11, a P/E/G ratio of 7.26 and a beta of 0.99. The firm has a fifty day moving average price of $120.22 and a 200 day moving average price of $105.40. Iron Mountain Incorporated has a 1 year low of $62.95 and a 1 year high of $130.24. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 674.63.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be issued a $0.715 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.86 annualized dividend and a yield of 2.30%. Iron Mountain’s dividend payout ratio (DPR) is currently 794.44%.

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.