Iron Mountain Inc. (NYSE:IRM) reached a new 52-week high on Tuesday . The company traded as high as $41.04 and last traded at $40.99, with a volume of 533,891 shares trading hands. The stock had previously closed at $40.31.

IRM has been the topic of a number of research reports. Zacks Investment Research upgraded Iron Mountain from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Tuesday, June 21st. Piper Jaffray Cos. restated a “buy” rating and set a $44.00 price target on shares of Iron Mountain in a research report on Friday, June 17th. JPMorgan Chase & Co. restated a “buy” rating and set a $42.00 price target on shares of Iron Mountain in a research report on Monday, May 2nd. TheStreet upgraded Iron Mountain from a “hold” rating to a “buy” rating in a research report on Thursday, April 28th. Finally, Stifel Nicolaus upgraded Iron Mountain from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Monday, April 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Iron Mountain currently has an average rating of “Hold” and an average target price of $39.00.

The stock has a 50 day moving average of $37.99 and a 200-day moving average of $32.83. The firm has a market cap of $8.68 billion and a P/E ratio of 59.629.

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

The company also recently announced a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Monday, June 6th were issued a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend was Thursday, June 2nd.

In other Iron Mountain news, CEO William L. Meaney sold 315,178 shares of the stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $36.54, for a total transaction of $11,516,604.12. Following the completion of the transaction, the chief executive officer now owns 36,987 shares of the company’s stock, valued at approximately $1,351,504.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marc A. Duale sold 43,802 shares of the stock in a transaction dated Monday, April 18th. The shares were sold at an average price of $35.01, for a total transaction of $1,533,508.02. Following the transaction, the insider now directly owns 51,211 shares of the company’s stock, valued at approximately $1,792,897.11. The disclosure for this sale can be found here.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. increased its position in Iron Mountain by 2.3% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 173,266 shares of the company’s stock valued at $4,679,000 after buying an additional 3,822 shares during the period. Morgan Stanley increased its position in Iron Mountain by 13.6% in the fourth quarter. Morgan Stanley now owns 570,994 shares of the company’s stock valued at $15,423,000 after buying an additional 68,498 shares during the period. Mizuho Trust & Banking Co. Ltd. increased its position in Iron Mountain by 1.9% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 355,012 shares of the company’s stock valued at $9,791,000 after buying an additional 6,625 shares during the period. Vanguard Group Inc. increased its position in Iron Mountain by 5.2% in the fourth quarter. Vanguard Group Inc. now owns 30,793,809 shares of the company’s stock valued at $831,740,000 after buying an additional 1,515,161 shares during the period. Finally, Stevens Capital Management LP increased its position in Iron Mountain by 2,347.0% in the fourth quarter. Stevens Capital Management LP now owns 236,255 shares of the company’s stock valued at $6,381,000 after buying an additional 226,600 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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