Oddo BHF Asset Management Sas Makes New Investment in Iron Mountain Incorporated (NYSE:IRM)

Oddo BHF Asset Management Sas purchased a new stake in Iron Mountain Incorporated (NYSE:IRM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 85,888 shares of the financial services provider’s stock, valued at approximately $10,206,000.

Several other hedge funds also recently modified their holdings of IRM. Ashton Thomas Securities LLC bought a new stake in Iron Mountain during the 3rd quarter worth approximately $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Iron Mountain in the second quarter worth $32,000. West Branch Capital LLC acquired a new stake in Iron Mountain in the third quarter valued at $33,000. Teachers Insurance & Annuity Association of America acquired a new stake in Iron Mountain in the third quarter valued at $36,000. Finally, Family Firm Inc. bought a new position in Iron Mountain during the 2nd quarter worth $45,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on IRM shares. BNP Paribas upgraded Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. Royal Bank of Canada upped their target price on Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Stifel Nicolaus raised their price target on shares of Iron Mountain from $117.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. 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 research report on Monday, November 18th. Finally, Wells Fargo & Company lifted their price objective 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. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Iron Mountain has an average rating of “Buy” and an average price target of $131.00.

Iron Mountain Trading Down 0.2 %

Shares of Iron Mountain stock opened at $112.92 on Friday. Iron Mountain Incorporated has a 12-month low of $64.68 and a 12-month 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. The company has a market cap of $33.14 billion, a price-to-earnings ratio of 313.68, a PEG ratio of 6.77 and a beta of 0.98. The company’s 50-day moving average price is $120.31 and its 200-day moving average price is $108.06.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be given a dividend of $0.715 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.86 annualized dividend and a yield of 2.53%. Iron Mountain’s payout ratio is presently 794.47%.

Insider Transactions at Iron Mountain

In other news, CEO William L. Meaney sold 15,875 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at approximately $34,697,484. This trade represents a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William L. Meaney sold 15,872 shares of Iron Mountain stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $112.99, for a total transaction of $1,793,377.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,997 shares of company stock valued at $8,406,961. Insiders own 2.10% of the company’s stock.

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.