Toronto Dominion Bank Sells 592 Shares of Iron Mountain Incorporated (NYSE:IRM)

Toronto Dominion Bank decreased its stake in shares of Iron Mountain Incorporated (NYSE:IRMGet Rating) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,731 shares of the financial services provider’s stock after selling 592 shares during the period. Toronto Dominion Bank owned about 0.05% of Iron Mountain worth $7,776,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Vermont purchased a new stake in Iron Mountain during the second quarter valued at approximately $25,000. SJS Investment Consulting Inc. purchased a new stake in Iron Mountain during the first quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. purchased a new stake in Iron Mountain during the first quarter valued at approximately $28,000. Lindbrook Capital LLC increased its holdings 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 last quarter. Finally, CX Institutional purchased a new stake in Iron Mountain during the second quarter valued at approximately $33,000. 76.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Iron Mountain

In other news, EVP Deborah Marson sold 1,125 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $53.82, for a total value of $60,547.50. Following the completion of the sale, the executive vice president now owns 50,282 shares in the company, valued at approximately $2,706,177.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Deborah Marson sold 1,125 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $53.82, for a total value of $60,547.50. Following the completion of the sale, the executive vice president now owns 50,282 shares in the company, valued at approximately $2,706,177.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William L. Meaney sold 10,507 shares of Iron Mountain stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $52.06, for a total transaction of $546,994.42. Following the sale, the chief executive officer now owns 295,650 shares of the company’s stock, valued at approximately $15,391,539. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,391 shares of company stock valued at $1,202,948. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

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

Iron Mountain Stock Performance

Shares of NYSE IRM opened at $52.96 on Wednesday. The stock has a market cap of $15.40 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 3.68 and a beta of 0.84. The firm has a fifty day moving average price of $48.82 and a 200-day moving average price of $50.14. Iron Mountain Incorporated has a 1 year low of $41.67 and a 1 year high of $58.61. 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 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 paid a dividend of $0.618 per share. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $2.47 annualized dividend and a yield of 4.67%. Iron Mountain’s payout ratio is 146.15%.

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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