Iron Mountain Incorporated (NYSE:IRM) Holdings Raised by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC grew its stake in shares of Iron Mountain Incorporated (NYSE:IRMGet Rating) by 22.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,145 shares of the financial services provider’s stock after purchasing an additional 932 shares during the period. Checchi Capital Advisers LLC’s holdings in Iron Mountain were worth $249,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. State Street Corp lifted its holdings in shares of Iron Mountain by 1.8% during the first quarter. State Street Corp now owns 14,622,009 shares of the financial services provider’s stock valued at $819,026,000 after purchasing an additional 261,765 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Iron Mountain by 3.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,566,592 shares of the financial services provider’s stock worth $197,625,000 after acquiring an additional 103,470 shares in the last quarter. Pictet Asset Management SA lifted its stake in Iron Mountain by 67.9% in the 2nd quarter. Pictet Asset Management SA now owns 2,866,745 shares of the financial services provider’s stock worth $139,582,000 after acquiring an additional 1,159,261 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Iron Mountain by 32.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,818,456 shares of the financial services provider’s stock worth $88,541,000 after acquiring an additional 449,724 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Iron Mountain by 9.9% in the 2nd quarter. Deutsche Bank AG now owns 1,785,040 shares of the financial services provider’s stock worth $86,914,000 after acquiring an additional 161,015 shares in the last quarter. 76.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Iron Mountain Stock Up 0.8 %

IRM opened at $53.41 on Thursday. Iron Mountain Incorporated has a fifty-two week low of $41.67 and a fifty-two week high of $58.61. The business has a 50-day moving average of $48.81 and a 200-day moving average of $50.16. The company has a debt-to-equity ratio of 19.16, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Stockholders of record on Thursday, December 15th will be paid a dividend of $0.618 per share. This represents a $2.47 dividend on an annualized basis and a dividend 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%.

Insider Transactions 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 stock was sold at an average price of $46.20, for a total transaction of $485,515.80. Following the transaction, the chief executive officer now owns 295,650 shares of the company’s stock, valued at approximately $13,659,030. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO William L. Meaney sold 10,507 shares of the 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 transaction, the chief executive officer now owns 295,650 shares of the company’s stock, valued at approximately $15,391,539. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the chief executive officer now directly owns 295,650 shares in the company, valued at approximately $13,659,030. The disclosure for this sale can be found here. Insiders sold 24,391 shares of company stock valued at $1,202,948 in the last three months. Corporate insiders own 2.10% of the company’s stock.

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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