Vectors Research Management LLC Lowers Holdings in Iron Mountain Incorporated (NYSE:IRM)

Vectors Research Management LLC lowered its stake in shares of Iron Mountain Incorporated (NYSE:IRMGet Rating) by 2.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 62,344 shares of the financial services provider’s stock after selling 1,389 shares during the quarter. Vectors Research Management LLC’s holdings in Iron Mountain were worth $3,036,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp boosted its stake in shares of Iron Mountain by 1.8% during the 1st quarter. State Street Corp now owns 14,622,009 shares of the financial services provider’s stock valued at $819,026,000 after purchasing an additional 261,765 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Iron Mountain by 3.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,566,592 shares of the financial services provider’s stock worth $197,625,000 after acquiring an additional 103,470 shares during the period. Pictet Asset Management SA grew its position in Iron Mountain by 67.9% during the second quarter. Pictet Asset Management SA now owns 2,866,745 shares of the financial services provider’s stock valued at $139,582,000 after buying an additional 1,159,261 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in Iron Mountain by 32.9% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,818,456 shares of the financial services provider’s stock valued at $88,541,000 after buying an additional 449,724 shares during the period. Finally, Deutsche Bank AG grew its position in Iron Mountain by 9.9% during the second quarter. Deutsche Bank AG now owns 1,785,040 shares of the financial services provider’s stock valued at $86,914,000 after buying an additional 161,015 shares during the period. Institutional investors own 76.80% of the company’s stock.

Iron Mountain Trading Up 0.8 %

Shares of IRM traded up $0.45 during midday trading on Thursday, hitting $53.41. The stock had a trading volume of 657,393 shares, compared to its average volume of 1,329,184. Iron Mountain Incorporated has a 1 year low of $41.67 and a 1 year high of $58.61. The firm has a market cap of $15.53 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 3.71 and a beta of 0.84. The company has a debt-to-equity ratio of 19.16, a current ratio of 0.90 and a quick ratio of 0.90. The stock’s 50 day moving average is $48.81 and its 200 day moving average is $50.16.

Iron Mountain Announces Dividend

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

Insider Transactions at Iron Mountain

In other news, CEO William L. Meaney sold 10,507 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $52.06, for a total value of $546,994.42. Following the transaction, the chief executive officer now directly owns 295,650 shares in the company, valued at $15,391,539. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Deborah Marson sold 1,125 shares of the company’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $50.18, for a total value of $56,452.50. Following the transaction, the executive vice president now directly owns 48,032 shares in the company, valued at $2,410,245.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William L. Meaney sold 10,507 shares of the company’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $52.06, for a total transaction of $546,994.42. Following the completion of the transaction, the chief executive officer now owns 295,650 shares in the company, valued at $15,391,539. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,391 shares of company stock worth $1,202,948. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on IRM. StockNews.com began coverage on shares of Iron Mountain in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Evercore ISI dropped their price target on shares of Iron Mountain to $60.00 in a research report on Tuesday, November 15th.

Iron Mountain Company Profile

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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.

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

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