Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC decreased its holdings in shares of Iron Mountain Incorporated (NYSE:IRMGet Rating) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,117 shares of the financial services provider’s stock after selling 322 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Iron Mountain were worth $785,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in IRM. Trust Co. of Vermont acquired a new position in shares of Iron Mountain during the 2nd quarter valued at $25,000. SJS Investment Consulting Inc. purchased a new stake in Iron Mountain during the 1st quarter worth $28,000. Hazlett Burt & Watson Inc. purchased a new stake in Iron Mountain during the 1st quarter worth $28,000. Lindbrook Capital LLC increased its stake in Iron Mountain by 63.1% during the 2nd quarter. Lindbrook Capital LLC now owns 597 shares of the financial services provider’s stock worth $29,000 after buying an additional 231 shares during the period. Finally, CX Institutional purchased a new stake in Iron Mountain during the 2nd quarter worth $33,000. Institutional investors and hedge funds own 76.80% of the company’s stock.

Insider Transactions at Iron Mountain

In other news, EVP Deborah Marson sold 1,125 shares of the company’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $53.82, for a total value of $60,547.50. Following the completion of the sale, the executive vice president now directly owns 50,282 shares of the company’s stock, valued at approximately $2,706,177.24. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Deborah Marson sold 1,125 shares of the stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $53.82, for a total transaction of $60,547.50. Following the completion of the sale, the executive vice president now directly owns 50,282 shares of the company’s stock, valued at $2,706,177.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William L. Meaney sold 10,509 shares of the stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $46.20, for a total transaction of $485,515.80. Following the sale, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at $13,659,030. The disclosure for this sale can be found here. In the last three months, insiders sold 24,391 shares of company stock valued at $1,202,948. Company insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on IRM. Evercore ISI dropped their price target on shares of Iron Mountain to $60.00 in a research note on Tuesday, November 15th. StockNews.com assumed coverage on shares of Iron Mountain in a research report on Wednesday, October 12th. They set a “hold” rating for the company.

Iron Mountain Trading Up 0.8 %

Iron Mountain stock opened at $53.41 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 19.16. The firm has a 50-day moving average price of $48.81 and a two-hundred day moving average price of $50.16. The firm has a market capitalization of $15.53 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 3.71 and a beta of 0.84. Iron Mountain Incorporated has a 52-week low of $41.67 and a 52-week high of $58.61.

Iron Mountain Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Thursday, December 15th will be paid a dividend of $0.618 per share. This represents a $2.47 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend is Wednesday, December 14th. Iron Mountain’s payout ratio is 146.15%.

Iron Mountain Profile

(Get Rating)

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 90 million square feet across approximately 1,450 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts.

See Also

Institutional Ownership by Quarter for Iron Mountain (NYSE:IRM)

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