AIA Group Ltd Cuts Holdings in Iron Mountain Incorporated (NYSE:IRM)

AIA Group Ltd reduced its position in Iron Mountain Incorporated (NYSE:IRMGet Rating) by 28.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,915 shares of the financial services provider’s stock after selling 1,158 shares during the quarter. AIA Group Ltd’s holdings in Iron Mountain were worth $142,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Tectonic Advisors LLC raised its position in Iron Mountain by 24.4% in the second quarter. Tectonic Advisors LLC now owns 36,360 shares of the financial services provider’s stock valued at $1,771,000 after purchasing an additional 7,123 shares during the period. Mutual of America Capital Management LLC raised its position in Iron Mountain by 2.5% in the second quarter. Mutual of America Capital Management LLC now owns 39,617 shares of the financial services provider’s stock valued at $1,929,000 after purchasing an additional 973 shares during the period. Mackenzie Financial Corp raised its position in Iron Mountain by 421.4% in the second quarter. Mackenzie Financial Corp now owns 41,563 shares of the financial services provider’s stock valued at $2,024,000 after purchasing an additional 33,592 shares during the period. Cibc World Market Inc. raised its position in Iron Mountain by 114.1% in the second quarter. Cibc World Market Inc. now owns 49,698 shares of the financial services provider’s stock valued at $2,420,000 after purchasing an additional 26,483 shares during the period. Finally, Vicus Capital raised its position in Iron Mountain by 48.6% in the second quarter. Vicus Capital now owns 10,564 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 3,456 shares during the period. 76.80% of the stock is owned by hedge funds and other institutional investors.

Iron Mountain Stock Up 1.9 %

Shares of NYSE IRM opened at $52.30 on Friday. 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 $15.20 billion, a price-to-earnings ratio of 30.95, a PEG ratio of 3.66 and a beta of 0.84. The company has a debt-to-equity ratio of 19.16, a quick ratio of 0.90 and a current ratio of 0.90. The stock’s 50-day simple moving average is $48.94 and its 200-day simple moving average is $50.19.

Iron Mountain Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Thursday, December 15th will be paid a $0.618 dividend. The ex-dividend date is Wednesday, December 14th. This represents a $2.47 dividend on an annualized basis and a yield of 4.73%. Iron Mountain’s dividend payout ratio (DPR) is 146.15%.

Insider Buying and Selling

In related news, CEO William L. Meaney sold 10,507 shares of Iron Mountain stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $52.06, for a total value of $546,994.42. Following the completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO William L. Meaney sold 10,507 shares of Iron Mountain stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $52.06, for a total value of $546,994.42. Following the completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deborah Marson sold 1,125 shares of Iron Mountain stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $53.82, for a total value of $60,547.50. Following the completion of the transaction, the executive vice president now owns 50,282 shares of the company’s stock, valued at $2,706,177.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,391 shares of company stock worth $1,202,948. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

IRM has been the topic of several research reports. StockNews.com started coverage on Iron Mountain in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Evercore ISI dropped their target price on Iron Mountain to $60.00 in a research report on Tuesday, November 15th.

Iron Mountain Company 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.

Featured Stories

Want to see what other hedge funds are holding IRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Iron Mountain Incorporated (NYSE:IRMGet Rating).

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

Receive News & Ratings for Iron Mountain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iron Mountain and related companies with MarketBeat.com's FREE daily email newsletter.