Shares of Iron Mountain Inc. (NYSE:IRM) saw an uptick in trading volume on Friday . 2,665,453 shares traded hands during trading, an increase of 30% from the previous session’s volume of 2,055,090 shares.The stock last traded at $39.72 and had previously closed at $39.28.

Several brokerages recently commented on IRM. Piper Jaffray Cos. reiterated a “buy” rating and set a $44.00 price target on shares of Iron Mountain in a report on Friday, June 17th. Zacks Investment Research downgraded shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Robert W. Baird restated a “neutral” rating on shares of Iron Mountain in a research note on Friday, April 1st. Stifel Nicolaus upgraded shares of Iron Mountain from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Monday, April 18th. Finally, TheStreet upgraded shares of Iron Mountain from a “hold” rating to a “buy” rating in a research note on Thursday, April 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Iron Mountain presently has a consensus rating of “Hold” and a consensus target price of $39.00.

The firm has a market capitalization of $8.45 billion and a PE ratio of 58.01. The firm has a 50 day moving average of $37.87 and a 200 day moving average of $32.65.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.04. The business earned $749.30 million during the quarter, compared to analysts’ expectations of $756.85 million. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 earnings per share. Equities analysts expect that Iron Mountain Inc. will post $2.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Monday, June 6th were paid a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 4.87%. The ex-dividend date was Thursday, June 2nd.

In other news, VP Edward Bicks sold 1,459 shares of the firm’s stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $40.25, for a total value of $58,724.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Clark H. Bailey sold 9,772 shares of the firm’s stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $37.07, for a total transaction of $362,248.04. Following the completion of the transaction, the director now directly owns 161,367 shares in the company, valued at $5,981,874.69. The disclosure for this sale can be found here.

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Iron Mountain by 5.2% in the fourth quarter. Vanguard Group Inc. now owns 30,793,809 shares of the company’s stock worth $831,740,000 after buying an additional 1,515,161 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Iron Mountain by 37.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,476,199 shares of the company’s stock worth $66,885,000 after buying an additional 670,436 shares during the period. California Public Employees Retirement System increased its position in shares of Iron Mountain by 2.9% in the fourth quarter. California Public Employees Retirement System now owns 639,699 shares of the company’s stock worth $17,278,000 after buying an additional 18,200 shares during the period. TD Asset Management Inc. increased its position in shares of Iron Mountain by 6.2% in the fourth quarter. TD Asset Management Inc. now owns 618,583 shares of the company’s stock worth $16,708,000 after buying an additional 36,016 shares during the period. Finally, Morgan Stanley increased its position in shares of Iron Mountain by 13.6% in the fourth quarter. Morgan Stanley now owns 570,994 shares of the company’s stock worth $15,423,000 after buying an additional 68,498 shares during the period.

Iron Mountain Incorporated (Iron Mountain) is engaged in storing records, primarily paper documents and data backup media, and provide information management services. The Company offers records management services, data protection and recovery services and information destruction services. Its information management services are divided into three categories: records management services, data protection and recovery services, and information destruction services.

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