Cetera Advisors LLC Purchases 1,975 Shares of Iron Mountain Incorporated (NYSE:IRM)

Cetera Advisors LLC grew its stake in Iron Mountain Incorporated (NYSE:IRMGet Rating) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,509 shares of the financial services provider’s stock after acquiring an additional 1,975 shares during the quarter. Cetera Advisors LLC’s holdings in Iron Mountain were worth $3,336,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. State Street Corp boosted its holdings in Iron Mountain by 1.8% in the first quarter. State Street Corp now owns 14,622,009 shares of the financial services provider’s stock worth $819,026,000 after acquiring an additional 261,765 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in 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 in the last quarter. Pictet Asset Management SA boosted its holdings in Iron Mountain by 67.9% in the second quarter. Pictet Asset Management SA now owns 2,866,745 shares of the financial services provider’s stock worth $139,582,000 after acquiring an additional 1,159,261 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Iron Mountain by 32.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,818,456 shares of the financial services provider’s stock worth $88,541,000 after acquiring an additional 449,724 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in Iron Mountain by 9.9% in the second quarter. Deutsche Bank AG now owns 1,785,040 shares of the financial services provider’s stock worth $86,914,000 after acquiring an additional 161,015 shares in the last quarter. 76.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity at Iron Mountain

In related news, EVP Deborah Marson sold 1,125 shares of the stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $53.82, for a total transaction of $60,547.50. Following the completion of the transaction, the executive vice president now directly owns 50,282 shares of the company’s stock, valued at $2,706,177.24. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO William L. Meaney sold 10,507 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $52.06, for a total value of $546,994.42. Following the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at $15,391,539. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Deborah Marson sold 1,125 shares of the firm’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $53.82, for a total value of $60,547.50. Following the transaction, the executive vice president now owns 50,282 shares in the company, 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 valued at $1,202,948. Insiders own 2.10% of the company’s stock.

Iron Mountain Stock Performance

NYSE IRM opened at $52.57 on Tuesday. The business has a 50-day moving average price of $48.86 and a 200-day moving average price of $50.15. Iron Mountain Incorporated has a twelve month low of $41.67 and a twelve month high of $58.61. The firm has a market cap of $15.28 billion, a price-to-earnings ratio of 31.11, a price-to-earnings-growth ratio of 3.66 and a beta of 0.84. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 19.16.

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 dividend of $0.618 per share. This represents a $2.47 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date is Wednesday, December 14th. Iron Mountain’s payout ratio is presently 146.15%.

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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