Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its stake in shares of Iron Mountain Incorporated (NYSE:IRMGet Rating) by 65.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 386,004 shares of the financial services provider’s stock after selling 734,955 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.13% of Iron Mountain worth $21,389,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IRM. GHP Investment Advisors Inc. acquired a new position in shares of Iron Mountain during the first quarter valued at about $26,000. SJS Investment Consulting Inc. purchased a new stake in Iron Mountain in the first quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. purchased a new stake in Iron Mountain in the first quarter valued at approximately $28,000. Lloyd Advisory Services LLC. purchased a new stake in Iron Mountain in the first quarter valued at approximately $32,000. Finally, Tcwp LLC purchased a new stake in Iron Mountain in the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 76.80% of the company’s stock.

Insider Activity

In other news, EVP Deborah Marson sold 1,125 shares of the stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $47.50, for a total transaction of $53,437.50. Following the transaction, the executive vice president now owns 52,532 shares in the company, valued at approximately $2,495,270. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Deborah Marson sold 1,125 shares of the stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $47.50, for a total transaction of $53,437.50. Following the transaction, the executive vice president now owns 52,532 shares in the company, valued at approximately $2,495,270. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Greg W. Mcintosh sold 5,800 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $52.95, for a total value of $307,110.00. Following the transaction, the executive vice president now owns 6,355 shares in the company, valued at approximately $336,497.25. The disclosure for this sale can be found here. Insiders have sold 9,175 shares of company stock worth $481,845 in the last quarter. Corporate insiders own 2.10% of the company’s stock.

Iron Mountain Trading Up 3.3 %

Iron Mountain stock opened at $55.29 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 15.33. Iron Mountain Incorporated has a 12 month low of $41.67 and a 12 month high of $58.61. The stock’s 50 day simple moving average is $51.34 and its two-hundred day simple moving average is $51.83. The firm has a market cap of $16.07 billion, a PE ratio of 43.88, a P/E/G ratio of 3.73 and a beta of 0.75.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.618 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.47%. Iron Mountain’s dividend payout ratio (DPR) is 196.03%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on IRM shares. Barclays started coverage on Iron Mountain in a research report on Friday, June 24th. They issued an “overweight” rating and a $58.00 target price on the stock. StockNews.com lowered Iron Mountain from a “buy” rating to a “hold” rating in a research report on Saturday, August 20th. Finally, Evercore ISI upped their price objective on Iron Mountain to $63.00 in a research report on Monday, August 22nd.

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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