Los Angeles Capital Management LLC Decreases Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

Los Angeles Capital Management LLC trimmed its position in shares of Iron Mountain Incorporated (NYSE:IRMGet Rating) by 0.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,201 shares of the financial services provider’s stock after selling 209 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Iron Mountain were worth $1,519,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. CWM LLC increased its holdings in shares of Iron Mountain by 23.7% during the first quarter. CWM LLC now owns 3,259 shares of the financial services provider’s stock valued at $181,000 after acquiring an additional 624 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in Iron Mountain by 1.1% in the 1st quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the financial services provider’s stock worth $1,056,000 after buying an additional 200 shares during the period. Ieq Capital LLC increased its holdings in Iron Mountain by 12.0% in the 1st quarter. Ieq Capital LLC now owns 5,954 shares of the financial services provider’s stock worth $330,000 after buying an additional 637 shares during the period. Advisor Partners LLC increased its holdings in Iron Mountain by 7.2% in the 1st quarter. Advisor Partners LLC now owns 14,445 shares of the financial services provider’s stock worth $800,000 after buying an additional 971 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Iron Mountain by 2.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,368,732 shares of the financial services provider’s stock worth $75,841,000 after buying an additional 26,641 shares during the period. 76.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on IRM shares. StockNews.com started coverage on Iron Mountain in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Evercore ISI upped their price objective on Iron Mountain to $63.00 in a research report on Monday, August 22nd.

Iron Mountain Trading Down 0.9 %

Shares of NYSE:IRM opened at $49.41 on Monday. Iron Mountain Incorporated has a 1 year low of $41.67 and a 1 year high of $58.61. The firm has a market capitalization of $14.36 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 3.48 and a beta of 0.84. The company has a debt-to-equity ratio of 19.16, a current ratio of 0.90 and a quick ratio of 0.87. The business’s 50 day moving average price is $49.25 and its 200-day moving average price is $50.44.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Stockholders of record on Thursday, December 15th will be given 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 5.00%. Iron Mountain’s dividend payout ratio (DPR) is 146.15%.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 10,509 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 295,650 shares in the company, valued at approximately $13,659,030. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Deborah Marson sold 1,125 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $53.82, for a total transaction of $60,547.50. Following the completion of the sale, the executive vice president now directly owns 50,282 shares of the company’s stock, valued at approximately $2,706,177.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William L. Meaney sold 10,509 shares of the firm’s stock in a transaction dated Tuesday, October 4th. The stock was 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,884 shares of company stock worth $660,251. Corporate insiders own 2.10% of the company’s stock.

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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