Mackenzie Financial Corp Purchases 33,592 Shares of Iron Mountain Incorporated (NYSE:IRM)

Mackenzie Financial Corp boosted its position in shares of Iron Mountain Incorporated (NYSE:IRMGet Rating) by 421.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,563 shares of the financial services provider’s stock after buying an additional 33,592 shares during the quarter. Mackenzie Financial Corp’s holdings in Iron Mountain were worth $2,024,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IRM. Steward Partners Investment Advisory LLC raised its holdings in Iron Mountain by 75.1% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 7,363 shares of the financial services provider’s stock valued at $408,000 after buying an additional 3,157 shares during the last quarter. Mutual of America Capital Management LLC increased its position in Iron Mountain by 1.1% during the 1st quarter. Mutual of America Capital Management LLC now owns 38,644 shares of the financial services provider’s stock valued at $2,141,000 after purchasing an additional 412 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Iron Mountain during the 1st quarter valued at $44,000. CENTRAL TRUST Co increased its position in Iron Mountain by 100.0% during the 1st quarter. CENTRAL TRUST Co now owns 800 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 400 shares during the period. Finally, FDx Advisors Inc. purchased a new position in Iron Mountain during the 1st quarter valued at $571,000. 76.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on IRM. StockNews.com began coverage on shares of Iron Mountain in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Evercore ISI reduced their price objective on shares of Iron Mountain to $60.00 in a research report on Tuesday, November 15th.

Insider Transactions at Iron Mountain

In other news, CEO William L. Meaney sold 10,507 shares of the company’s 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 sale, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at approximately $15,391,539. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, 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 value 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William L. Meaney sold 10,507 shares of the company’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $52.06, for a total transaction of $546,994.42. Following the completion of the transaction, the chief executive officer now 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 three months. 2.10% of the stock is currently owned by company insiders.

Iron Mountain Stock Up 0.7 %

NYSE:IRM opened at $52.96 on Wednesday. The firm’s 50-day moving average price is $48.82 and its 200-day moving average price is $50.14. The company has a market capitalization of $15.40 billion, a PE ratio of 31.34, 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 current ratio of 0.90 and a quick ratio of 0.90. Iron Mountain Incorporated has a 1-year low of $41.67 and a 1-year high of $58.61.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Stockholders 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 dividend yield of 4.67%. The ex-dividend date of this dividend is Wednesday, December 14th. Iron Mountain’s dividend payout ratio is presently 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.

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

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