Deutsche Bank AG Acquires 161,015 Shares of Iron Mountain Incorporated (NYSE:IRM)

Deutsche Bank AG lifted its position in Iron Mountain Incorporated (NYSE:IRMGet Rating) by 9.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,785,040 shares of the financial services provider’s stock after buying an additional 161,015 shares during the period. Deutsche Bank AG owned about 0.61% of Iron Mountain worth $86,914,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. State Street Corp increased its position in shares of Iron Mountain by 1.8% in the 1st quarter. State Street Corp now owns 14,622,009 shares of the financial services provider’s stock valued at $819,026,000 after buying an additional 261,765 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of 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 valued at $197,625,000 after buying an additional 103,470 shares in the last quarter. Pictet Asset Management SA increased its position in shares of 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 valued at $139,582,000 after buying an additional 1,159,261 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of 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 valued at $88,541,000 after buying an additional 449,724 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Iron Mountain by 14.0% in the 1st quarter. Swiss National Bank now owns 1,254,147 shares of the financial services provider’s stock valued at $69,492,000 after buying an additional 154,300 shares in the last quarter. Institutional investors own 76.80% of the company’s stock.

Insider Buying and Selling

In other news, 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 transaction 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 approximately $13,659,030. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, 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 transaction 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 approximately $13,659,030. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Deborah Marson sold 1,125 shares of the stock in a transaction dated Tuesday, October 18th. 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 49,157 shares of the company’s stock, valued at $2,334,957.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,391 shares of company stock valued at $1,202,948. Company insiders own 2.10% of the company’s stock.

Iron Mountain Price Performance

Shares of NYSE IRM opened at $52.30 on Monday. The firm has a market cap of $15.20 billion, a PE ratio of 30.95, a PEG ratio of 3.66 and a beta of 0.84. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 19.16. Iron Mountain Incorporated has a 1-year low of $41.67 and a 1-year high of $58.61. The company has a fifty day moving average price of $48.94 and a 200 day moving average price of $50.16.

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 $0.618 dividend. This represents a $2.47 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Wednesday, December 14th. Iron Mountain’s payout ratio is presently 146.15%.

Wall Street Analysts Forecast Growth

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

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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