Iron Mountain Inc (NYSE:IRM) has been assigned an average recommendation of “Hold” from the ten research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $37.83.

A number of research firms have recently issued reports on IRM. ValuEngine raised Iron Mountain from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Mitsubishi UFJ Financial Group upped their price objective on Iron Mountain to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 20th. Credit Suisse Group restated an “underperform” rating on shares of Iron Mountain in a research note on Tuesday, February 19th. Robert W. Baird set a $34.00 price objective on Iron Mountain and gave the stock a “hold” rating in a research note on Friday, February 15th. Finally, Zacks Investment Research cut Iron Mountain from a “hold” rating to a “sell” rating in a research note on Thursday, January 10th.

In related news, EVP Fidelma Russo sold 7,724 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $34.79, for a total transaction of $268,717.96. Following the completion of the sale, the executive vice president now directly owns 9,107 shares in the company, valued at approximately $316,832.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ernest W. Cloutier sold 21,037 shares of the stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $36.90, for a total value of $776,265.30. Following the completion of the sale, the executive vice president now owns 72,411 shares of the company’s stock, valued at $2,671,965.90. The disclosure for this sale can be found here. Insiders have sold a total of 46,885 shares of company stock valued at $1,683,266 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Financial Advocates Investment Management raised its stake in Iron Mountain by 178.3% in the fourth quarter. Financial Advocates Investment Management now owns 835 shares of the financial services provider’s stock valued at $25,000 after buying an additional 535 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Iron Mountain by 3,181.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,009,734 shares of the financial services provider’s stock valued at $31,000 after buying an additional 978,966 shares during the last quarter. Bremer Trust National Association purchased a new stake in Iron Mountain in the fourth quarter valued at about $36,000. Dubuque Bank & Trust Co. raised its stake in Iron Mountain by 565.3% in the fourth quarter. Dubuque Bank & Trust Co. now owns 1,171 shares of the financial services provider’s stock valued at $38,000 after buying an additional 995 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in Iron Mountain by 24.2% in the fourth quarter. Bessemer Group Inc. now owns 1,723 shares of the financial services provider’s stock valued at $56,000 after buying an additional 336 shares during the last quarter. Institutional investors own 89.54% of the company’s stock.

IRM opened at $35.94 on Thursday. Iron Mountain has a 12-month low of $30.22 and a 12-month high of $37.32. The company has a debt-to-equity ratio of 4.25, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $10.31 billion, a PE ratio of 15.63, a PEG ratio of 4.49 and a beta of 0.69.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings results on Thursday, February 14th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.27). Iron Mountain had a return on equity of 19.30% and a net margin of 8.60%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the company posted $0.29 EPS. Iron Mountain’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities analysts expect that Iron Mountain will post 2.21 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 15th were paid a dividend of $0.611 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.80%. The ex-dividend date of this dividend was Thursday, March 14th. Iron Mountain’s dividend payout ratio (DPR) is currently 106.09%.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 85 million square feet across more than 1,400 facilities in over 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts.

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Analyst Recommendations for Iron Mountain (NYSE:IRM)

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