Deutsche Bank AG Raises Stake in Iron Mountain Incorporated (NYSE:IRM)

Deutsche Bank AG grew its stake in shares of Iron Mountain Incorporated (NYSE:IRMGet Rating) by 9.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,785,040 shares of the financial services provider’s stock after buying an additional 161,015 shares during the period. Deutsche Bank AG’s holdings in Iron Mountain were worth $86,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. SJS Investment Consulting Inc. bought a new stake in Iron Mountain in the first quarter worth $28,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of Iron Mountain during the first quarter valued at $28,000. Trust Co. of Vermont purchased a new stake in shares of Iron Mountain during the second quarter valued at $25,000. Lindbrook Capital LLC lifted its stake in Iron Mountain by 63.1% in the second quarter. Lindbrook Capital LLC now owns 597 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 231 shares during the period. Finally, Tcwp LLC purchased a new stake in Iron Mountain in the first quarter worth about $36,000. Institutional investors own 76.80% of the company’s stock.

Insiders Place Their Bets

In other Iron Mountain news, CEO William L. Meaney sold 10,509 shares of the business’s stock in a transaction dated 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 in the company, valued at $13,659,030. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Deborah Marson sold 1,125 shares of the company’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $53.82, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO William L. Meaney sold 10,509 shares of the company’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $46.20, for a total transaction of $485,515.80. Following the transaction, the chief executive officer now owns 295,650 shares in the company, valued at approximately $13,659,030. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,391 shares of company stock worth $1,202,948. 2.10% of the stock is owned by corporate insiders.

Iron Mountain Stock Performance

Shares of Iron Mountain stock opened at $52.30 on Monday. The company has a market capitalization of $15.20 billion, a PE ratio of 30.95, a P/E/G 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 company has a 50-day simple moving average of $48.94 and a two-hundred day simple moving average of $50.16. Iron Mountain Incorporated has a one year low of $41.67 and a one year 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 issued a $0.618 dividend. The ex-dividend date of this dividend 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 is presently 146.15%.

Analyst Upgrades and Downgrades

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

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.

Recommended 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.