Rhumbline Advisers Purchases 47,854 Shares of Iron Mountain Incorporated (NYSE:IRM)

Rhumbline Advisers lifted its position in Iron Mountain Incorporated (NYSE:IRMGet Rating) by 9.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 565,435 shares of the financial services provider’s stock after acquiring an additional 47,854 shares during the quarter. Rhumbline Advisers’ holdings in Iron Mountain were worth $27,531,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new position in Iron Mountain during the second quarter valued at about $25,000. SJS Investment Consulting Inc. bought a new position in Iron Mountain during the first quarter valued at about $28,000. Hazlett Burt & Watson Inc. bought a new position in Iron Mountain during the first quarter valued at about $28,000. Lindbrook Capital LLC grew its position in Iron Mountain by 63.1% during the second quarter. Lindbrook Capital LLC now owns 597 shares of the financial services provider’s stock valued at $29,000 after buying an additional 231 shares during the period. Finally, CX Institutional bought a new position in Iron Mountain during the second quarter valued at about $33,000. Institutional investors own 76.80% of the company’s stock.

Insider Buying and Selling at Iron Mountain

In other news, CEO William L. Meaney sold 10,509 shares of the 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 sale, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at $13,659,030. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Deborah Marson sold 1,125 shares of the stock in a transaction dated Tuesday, October 18th. The shares were sold at an average price of $47.50, for a total value of $53,437.50. Following the sale, the executive vice president now directly owns 49,157 shares of the company’s stock, valued at $2,334,957.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $485,515.80. Following the completion of the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at $13,659,030. The disclosure for this sale can be found here. Insiders have sold a total of 24,391 shares of company stock valued at $1,202,948 over the last three months. 2.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

IRM has been the subject of several research reports. Evercore ISI reduced their price target on shares of Iron Mountain to $60.00 in a research report on Tuesday, November 15th. StockNews.com began coverage on shares of Iron Mountain in a report on Wednesday, October 12th. They set a “hold” rating on the stock.

Iron Mountain Price Performance

NYSE IRM opened at $53.41 on Thursday. The company has a market cap of $15.53 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 3.71 and a beta of 0.84. Iron Mountain Incorporated has a 52 week low of $41.67 and a 52 week high of $58.61. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 19.16. The firm’s 50-day simple moving average is $48.81 and its two-hundred day simple moving average is $50.16.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Thursday, December 15th will be issued a dividend of $0.618 per share. This represents a $2.47 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend is Wednesday, December 14th. Iron Mountain’s dividend payout ratio (DPR) 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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