Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Cerity Partners LLC

Cerity Partners LLC cut its position in shares of Iron Mountain Incorporated (NYSE:IRMGet Rating) by 37.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,921 shares of the financial services provider’s stock after selling 7,173 shares during the period. Cerity Partners LLC’s holdings in Iron Mountain were worth $581,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Trust Co. of Vermont purchased a new stake in Iron Mountain during the 2nd quarter worth approximately $25,000. SJS Investment Consulting Inc. purchased a new position in Iron Mountain during the 1st quarter worth $28,000. Hazlett Burt & Watson Inc. purchased a new position in Iron Mountain during the 1st quarter worth $28,000. Lindbrook Capital LLC raised its position in Iron Mountain by 63.1% during the 2nd quarter. Lindbrook Capital LLC now owns 597 shares of the financial services provider’s stock worth $29,000 after buying an additional 231 shares during the last quarter. Finally, CX Institutional purchased a new position in Iron Mountain during the 2nd quarter worth $33,000. 76.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO William L. Meaney sold 10,507 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $52.06, for a total value of $546,994.42. Following the transaction, the chief executive officer now 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 is available at this link. In other news, CEO William L. Meaney sold 10,507 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $52.06, for a total transaction of $546,994.42. Following the completion of the sale, the chief executive officer now owns 295,650 shares of the company’s stock, valued at $15,391,539. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Deborah Marson sold 1,125 shares of the firm’s 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 sale, the executive vice president now directly owns 50,282 shares of the company’s stock, valued at approximately $2,706,177.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,391 shares of company stock valued at $1,202,948. Insiders own 2.10% of the company’s stock.

Iron Mountain Price Performance

Iron Mountain stock opened at $52.30 on Friday. The firm’s 50-day moving average is $48.94 and its two-hundred day moving average is $50.21. 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 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 P/E ratio of 30.95, a P/E/G ratio of 3.62 and a beta of 0.84.

Iron Mountain Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.

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

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