Bank of Montreal Can Has $21.98 Million Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

Bank of Montreal Can decreased its holdings in shares of Iron Mountain Incorporated (NYSE:IRMGet Rating) by 39.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 446,740 shares of the financial services provider’s stock after selling 288,273 shares during the period. Bank of Montreal Can’s holdings in Iron Mountain were worth $21,983,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of IRM. Park Avenue Securities LLC grew its stake in shares of Iron Mountain by 20.7% in the 1st quarter. Park Avenue Securities LLC now owns 8,512 shares of the financial services provider’s stock worth $472,000 after acquiring an additional 1,457 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Iron Mountain by 75.1% in the first quarter. Steward Partners Investment Advisory LLC now owns 7,363 shares of the financial services provider’s stock worth $408,000 after buying an additional 3,157 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Iron Mountain by 1.1% in the first quarter. Mutual of America Capital Management LLC now owns 38,644 shares of the financial services provider’s stock worth $2,141,000 after buying an additional 412 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of Iron Mountain by 139.7% in the first quarter. DAVENPORT & Co LLC now owns 17,126 shares of the financial services provider’s stock worth $949,000 after buying an additional 9,980 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Iron Mountain in the first quarter valued at approximately $44,000. Institutional investors and hedge funds own 76.80% of the company’s stock.

Iron Mountain Price Performance

Shares of NYSE:IRM opened at $52.30 on Monday. The business has a 50-day simple moving average of $48.94 and a two-hundred day simple moving average of $50.16. The firm has a market cap of $15.20 billion, a price-to-earnings ratio of 30.95, a price-to-earnings-growth ratio of 3.66 and a beta of 0.84. Iron Mountain Incorporated has a fifty-two week low of $41.67 and a fifty-two week high of $58.61. The company has a debt-to-equity ratio of 19.16, a quick ratio of 0.90 and a current ratio of 0.90.

Iron Mountain Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Thursday, December 15th will be paid a dividend of $0.618 per share. The ex-dividend date is Wednesday, December 14th. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.73%. 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 business’s 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 approximately $13,659,030. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO William L. Meaney sold 10,507 shares of the business’s stock in a transaction that occurred on 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 directly owns 295,650 shares in the company, valued at approximately $15,391,539. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO William L. Meaney sold 10,509 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $46.20, for a total value of $485,515.80. Following the completion of the transaction, 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 sold a total of 24,391 shares of company stock worth $1,202,948 in the last three months. 2.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on IRM. StockNews.com assumed coverage on shares of Iron Mountain in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Evercore ISI lowered their price target on Iron Mountain to $60.00 in a research report on Tuesday, November 15th.

About Iron Mountain

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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.

Further Reading

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

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