Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Mission Creek Capital Partners Inc.

Mission Creek Capital Partners Inc. cut its holdings in shares of Iron Mountain Incorporated (NYSE:IRMGet Rating) by 3.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,732 shares of the financial services provider’s stock after selling 236 shares during the period. Mission Creek Capital Partners Inc.’s holdings in Iron Mountain were worth $373,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of IRM. GHP Investment Advisors Inc. acquired a new position in Iron Mountain in the first quarter worth about $26,000. SJS Investment Consulting Inc. acquired a new position in Iron Mountain in the first quarter worth about $28,000. Hazlett Burt & Watson Inc. acquired a new position in Iron Mountain in the first quarter worth about $28,000. Lloyd Advisory Services LLC. acquired a new position in Iron Mountain in the first quarter worth about $32,000. Finally, Tcwp LLC acquired a new position in Iron Mountain in the first quarter worth about $36,000. 76.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Greg W. Mcintosh sold 5,800 shares of Iron Mountain stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $52.95, for a total transaction of $307,110.00. Following the sale, the executive vice president now owns 6,355 shares of the company’s stock, valued at $336,497.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Deborah Marson sold 1,125 shares of Iron Mountain 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 sale, the executive vice president now owns 52,532 shares of the company’s stock, valued at $2,495,270. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Greg W. Mcintosh sold 5,800 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $52.95, for a total value of $307,110.00. Following the sale, the executive vice president now directly owns 6,355 shares in the company, valued at approximately $336,497.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,175 shares of company stock valued at $477,548. Insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com downgraded Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, August 20th. Evercore ISI lifted their target price on Iron Mountain to $63.00 in a research note on Monday, August 22nd. Finally, Barclays assumed coverage on Iron Mountain in a research note on Friday, June 24th. They issued an “overweight” rating and a $58.00 target price for the company.

Iron Mountain Stock Performance

Shares of IRM stock opened at $52.80 on Friday. The business has a 50 day moving average of $50.62 and a two-hundred day moving average of $51.46. The company has a market cap of $15.34 billion, a P/E ratio of 41.91, a PEG ratio of 3.67 and a beta of 0.75. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 15.33. Iron Mountain Incorporated has a 52 week low of $41.67 and a 52 week high of $58.61.

Iron Mountain Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.618 per share. The ex-dividend date is Wednesday, September 14th. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.68%. Iron Mountain’s dividend payout ratio (DPR) is presently 196.03%.

Iron Mountain Company Profile

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding IRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Iron Mountain Incorporated (NYSE:IRMGet Rating).

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

Receive News & Ratings for Iron Mountain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iron Mountain and related companies with MarketBeat.com's FREE daily email newsletter.