Iron Mountain Incorporated (NYSE:IRM) Shares Acquired by Cibc World Market Inc.

Cibc World Market Inc. grew its stake in Iron Mountain Incorporated (NYSE:IRMGet Rating) by 114.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,698 shares of the financial services provider’s stock after acquiring an additional 26,483 shares during the quarter. Cibc World Market Inc.’s holdings in Iron Mountain were worth $2,420,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pictet Asset Management SA grew its holdings in shares of Iron Mountain by 67.9% during the 2nd quarter. Pictet Asset Management SA now owns 2,866,745 shares of the financial services provider’s stock worth $139,582,000 after purchasing an additional 1,159,261 shares during the period. Border to Coast Pensions Partnership Ltd purchased a new position in shares of Iron Mountain during the 1st quarter worth $44,022,000. Royal Bank of Canada grew its holdings in shares of Iron Mountain by 97.1% during the 1st quarter. Royal Bank of Canada now owns 1,069,486 shares of the financial services provider’s stock worth $59,260,000 after purchasing an additional 526,994 shares during the period. CIBC Private Wealth Group LLC grew its holdings in shares of Iron Mountain by 64.6% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 1,210,728 shares of the financial services provider’s stock worth $58,950,000 after purchasing an additional 475,137 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Iron Mountain by 32.9% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,818,456 shares of the financial services provider’s stock worth $88,541,000 after purchasing an additional 449,724 shares during the period. 76.80% of the stock is owned by institutional investors and hedge funds.

Iron Mountain Stock Performance

Shares of Iron Mountain stock opened at $52.30 on Friday. The business has a 50-day moving average of $48.94 and a 200 day moving average of $50.21. Iron Mountain Incorporated has a 12 month low of $41.67 and a 12 month high of $58.61. The stock has a market capitalization of $15.20 billion, a price-to-earnings ratio of 30.95, a price-to-earnings-growth ratio of 3.62 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 Dividend Announcement

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

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 10,509 shares of the stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $46.20, for a total value of $485,515.80. Following the sale, the chief executive officer now owns 295,650 shares of the company’s stock, valued at approximately $13,659,030. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Iron Mountain news, CEO William L. Meaney sold 10,509 shares of the stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $46.20, for a total value of $485,515.80. Following the sale, the chief executive officer now owns 295,650 shares of the company’s stock, valued at approximately $13,659,030. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William L. Meaney sold 10,507 shares of the 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 completion of the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at approximately $15,391,539. The disclosure for this sale can be found here. Insiders have sold 24,391 shares of company stock valued at $1,202,948 in the last quarter. Corporate insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

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

Iron Mountain 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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