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

Several analysts recently weighed in on IRM shares. Zacks Investment Research downgraded Iron Mountain from a “hold” rating to a “sell” rating in a research note on Thursday, April 21st. Robert W. Baird restated a “neutral” rating on shares of Iron Mountain in a research note on Friday, April 1st. 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 note on Monday, April 18th. TheStreet upgraded Iron Mountain from a “hold” rating to a “buy” rating in a research note on Thursday, April 28th. Finally, Piper Jaffray Cos. reiterated a “buy” rating and set a $44.00 target price on shares of Iron Mountain in a research note on Friday, June 17th. One 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. Iron Mountain presently has a consensus rating of “Hold” and a consensus target price of $39.00.

The stock has a market cap of $8.70 billion and a PE ratio of 59.77. The firm’s 50-day moving average is $38.91 and its 200-day moving average is $33.51.

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, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.04. The company had revenue of $749.30 million for the quarter, compared to the consensus estimate of $756.85 million. The business’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 EPS. Equities analysts predict that Iron Mountain Inc. will post $2.25 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Monday, June 6th were paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend was Thursday, June 2nd.

In other news, VP Edward Bicks sold 1,459 shares of Iron Mountain stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $40.25, for a total transaction of $58,724.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William L. Meaney sold 315,178 shares of Iron Mountain stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 36,987 shares of the company’s stock, valued at approximately $1,351,504.98. The disclosure for this sale can be found here.

Several hedge funds recently bought and sold shares of IRM. Aberdeen Asset Management PLC UK increased its stake in 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 in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased 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 worth $1,411,000 after buying an additional 2,125 shares during the period. Nationwide Fund Advisors increased its position 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 worth $1,556,000 after buying an additional 1,517 shares during the period. Utah Retirement Systems increased 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 worth $1,803,000 after buying an additional 3,700 shares during the period. Finally, BNP Paribas Arbitrage SA increased 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 worth $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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