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

Several equities research analysts recently issued reports on IRM shares. Piper Jaffray Cos. reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Iron Mountain in a research note on Sunday, March 20th. Robert W. Baird reaffirmed a “neutral” rating on shares of Iron Mountain in a research note on Friday, April 1st. Zacks Investment Research raised shares of Iron Mountain from a “sell” rating to a “hold” rating in a research report on Wednesday, April 6th. Stifel Nicolaus raised shares of Iron Mountain from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Monday, April 18th. Finally, TheStreet raised shares of Iron Mountain from a “hold” rating to a “buy” rating in a research report on Thursday, April 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $39.00.

The stock has a 50-day moving average of $38.25 and a 200-day moving average of $32.94. The company has a market cap of $8.59 billion and a P/E ratio of 58.98.

Iron Mountain (NYSE:IRM) last released its earnings results on Thursday, April 28th. The company reported $0.51 EPS for the quarter, beating 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. During the same period in the prior year, the business earned $0.50 earnings per share. Iron Mountain’s quarterly revenue was up .2% compared to the same quarter last year. Analysts forecast that Iron Mountain Inc. will post $2.25 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Monday, June 6th were issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 4.79%. The ex-dividend date of this dividend was Thursday, June 2nd.

In related news, Director Clark H. Bailey sold 9,772 shares of Iron Mountain stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $37.07, for a total transaction of $362,248.04. Following the sale, the director now directly owns 161,367 shares of the company’s stock, valued at approximately $5,981,874.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Anastasios Tsolakis sold 35,248 shares of Iron Mountain stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $38.01, for a total transaction of $1,339,776.48. Following the sale, the executive vice president now directly owns 59,009 shares in the company, valued at $2,242,932.09. The disclosure for this sale can be found here.

Several large investors recently made changes to their positions in the stock. Aberdeen Asset Management PLC UK raised its stake in shares of Iron Mountain by 24.4% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 36,767 shares of the company’s stock valued at $1,150,000 after buying an additional 7,216 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Iron Mountain by 7.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 38,873 shares of the company’s stock valued at $1,050,000 after buying an additional 2,800 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in shares of Iron Mountain by 4.2% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 52,240 shares of the company’s stock valued at $1,411,000 after buying an additional 2,125 shares during the period. Nationwide Fund Advisors raised its stake in shares of Iron Mountain by 2.7% in the fourth quarter. Nationwide Fund Advisors now owns 57,621 shares of the company’s stock valued at $1,556,000 after buying an additional 1,517 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Iron Mountain by 48.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 97,472 shares of the company’s stock valued at $2,633,000 after buying an additional 31,839 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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