Alps Advisors Inc. Has $1.81 Million Holdings in Iron Mountain Incorporated (NYSE:IRM)

Alps Advisors Inc. lowered its position in shares of Iron Mountain Incorporated (NYSE:IRMGet Rating) by 6.9% during the second quarter, Holdings Channel reports. The fund owned 37,220 shares of the financial services provider’s stock after selling 2,741 shares during the quarter. Alps Advisors Inc.’s holdings in Iron Mountain were worth $1,813,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in IRM. Tectonic Advisors LLC grew 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 worth $1,771,000 after acquiring an additional 7,123 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of Iron Mountain by 2.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 39,617 shares of the financial services provider’s stock worth $1,929,000 after buying an additional 973 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Iron Mountain by 421.4% during the 2nd quarter. Mackenzie Financial Corp now owns 41,563 shares of the financial services provider’s stock worth $2,024,000 after buying an additional 33,592 shares during the period. Cibc World Market Inc. boosted its holdings in shares of Iron Mountain by 114.1% during the 2nd quarter. Cibc World Market Inc. now owns 49,698 shares of the financial services provider’s stock worth $2,420,000 after buying an additional 26,483 shares during the period. Finally, Vicus Capital boosted its holdings in shares of Iron Mountain by 48.6% during the 2nd quarter. Vicus Capital now owns 10,564 shares of the financial services provider’s stock worth $514,000 after buying an additional 3,456 shares during the period. Institutional investors and hedge funds own 76.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on IRM shares. StockNews.com started coverage on shares of Iron Mountain in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Evercore ISI dropped their target price on shares of Iron Mountain to $60.00 in a research report on Tuesday.

Insider Activity

In related news, CEO William L. Meaney sold 10,509 shares of the firm’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $46.20, for a total value of $485,515.80. Following the completion of the transaction, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at $13,659,030. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Iron Mountain news, CEO William L. Meaney sold 10,509 shares of Iron Mountain stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at $13,659,030. 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 Iron Mountain stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $52.06, for a total transaction of $546,994.42. Following the transaction, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at $15,391,539. The disclosure for this sale can be found here. Insiders have sold 24,391 shares of company stock worth $1,202,948 over the last ninety days. Insiders own 2.10% of the company’s stock.

Iron Mountain Stock Up 1.9 %

Iron Mountain stock opened at $52.30 on Friday. The company’s 50 day simple moving average is $48.94 and its 200 day simple moving average is $50.21. Iron Mountain Incorporated has a fifty-two week low of $41.67 and a fifty-two week high of $58.61. The firm has a market capitalization of $15.20 billion, a price-to-earnings ratio of 30.95, a PEG ratio of 3.59 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.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Thursday, December 15th will be issued a dividend of $0.618 per share. The ex-dividend date is Wednesday, December 14th. This represents a $2.47 annualized dividend and a yield of 4.73%. Iron Mountain’s dividend payout ratio (DPR) is currently 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.

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.