Shares of Iron Mountain Inc. (NYSE:IRM) reached a new 52-week high during trading on Friday . The stock traded as high as $41.18 and last traded at $41.09, with a volume of 631,464 shares changing hands. The stock had previously closed at $40.27.

Several analysts recently commented on the stock. Piper Jaffray Cos. reiterated a “buy” rating and issued a $43.00 price target on shares of Iron Mountain in a research report on Tuesday, April 19th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $42.00 price objective on shares of Iron Mountain in a research note on Monday, May 2nd. TheStreet raised shares of Iron Mountain from a “hold” rating to a “buy” rating in a research note on Thursday, April 28th. Zacks Investment Research cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Finally, Stifel Nicolaus raised shares of Iron Mountain from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Monday, April 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.00.

The company has a market cap of $8.70 billion and a price-to-earnings ratio of 59.77. The firm has a 50-day moving average price of $38.78 and a 200-day moving average price of $33.40.

Iron Mountain (NYSE:IRM) last released its quarterly earnings results on Thursday, April 28th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. During the same period in the previous year, the business posted $0.50 EPS. The company had revenue of $749.30 million for the quarter, compared to analyst estimates of $756.85 million. The firm’s quarterly revenue was up .2% compared to the same quarter last year. Equities analysts predict 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. Stockholders of record on Monday, June 6th were given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend was Thursday, June 2nd.

In related news, EVP Ernest W. Cloutier sold 134,462 shares of the firm’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $39.93, for a total transaction of $5,369,067.66. Following the transaction, the executive vice president now directly owns 38,622 shares in the company, valued at $1,542,176.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William L. Meaney sold 315,178 shares of the firm’s stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $36.54, for a total value of $11,516,604.12. Following the transaction, the chief executive officer now owns 36,987 shares in the company, valued at $1,351,504.98. The disclosure for this sale can be found here.

Other institutional investors have recently made changes to their positions in the company. Utah Retirement Systems boosted its position in shares of Iron Mountain by 5.9% in the fourth quarter. Utah Retirement Systems now owns 66,762 shares of the company’s stock valued at $1,803,000 after buying an additional 3,700 shares during the period. Dimensional Fund Advisors LP boosted 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 valued at $66,885,000 after buying an additional 670,436 shares during the period. BNP Paribas Arbitrage SA boosted its position 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. Marshall Wace LLP purchased a new position in shares of Iron Mountain during the fourth quarter valued at about $2,913,000. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position 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.

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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