Wellington Management Group LLP cut its stake in Iron Mountain Incorporated (NYSE:IRM – Free Report) by 19.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 668,804 shares of the financial services provider’s stock after selling 163,818 shares during the period. Wellington Management Group LLP’s holdings in Iron Mountain were worth $35,386,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Simplicity Solutions LLC boosted its stake in Iron Mountain by 16.6% in the 1st quarter. Simplicity Solutions LLC now owns 22,081 shares of the financial services provider’s stock worth $1,168,000 after purchasing an additional 3,140 shares during the period. Flputnam Investment Management Co. acquired a new position in Iron Mountain in the 1st quarter worth $238,000. Securian Asset Management Inc. boosted its stake in shares of Iron Mountain by 0.9% during the 1st quarter. Securian Asset Management Inc. now owns 24,331 shares of the financial services provider’s stock worth $1,287,000 after buying an additional 221 shares during the last quarter. Citigroup Inc. boosted its stake in shares of Iron Mountain by 39.7% during the 1st quarter. Citigroup Inc. now owns 354,664 shares of the financial services provider’s stock worth $18,765,000 after buying an additional 100,699 shares during the last quarter. Finally, CoreCap Advisors LLC acquired a new position in shares of Iron Mountain during the 4th quarter worth about $1,463,000. 76.94% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Iron Mountain
In other Iron Mountain news, CEO William L. Meaney sold 10,507 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $60.22, for a total value of $632,731.54. Following the transaction, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at approximately $17,804,043. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Iron Mountain news, CEO William L. Meaney sold 10,507 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $60.22, for a total value of $632,731.54. Following the transaction, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at approximately $17,804,043. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Barry Hytinen sold 18,500 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $56.23, for a total transaction of $1,040,255.00. Following the completion of the transaction, the chief financial officer now directly owns 80,197 shares in the company, valued at $4,509,477.31. The disclosure for this sale can be found here. Insiders have sold a total of 57,895 shares of company stock valued at $3,408,827 in the last three months. 2.20% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on Iron Mountain
Iron Mountain Trading Down 0.6 %
Shares of NYSE:IRM opened at $63.65 on Friday. Iron Mountain Incorporated has a 52-week low of $43.33 and a 52-week high of $64.37. The company has a market capitalization of $18.58 billion, a P/E ratio of 48.96, a price-to-earnings-growth ratio of 4.21 and a beta of 0.92. The company has a 50-day simple moving average of $60.72 and a 200 day simple moving average of $56.21. The company has a debt-to-equity ratio of 26.77, a quick ratio of 0.78 and a current ratio of 0.78.
Iron Mountain Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 15th will be paid a $0.65 dividend. This is an increase from Iron Mountain’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a yield of 4.08%. The ex-dividend date is Thursday, September 14th. Iron Mountain’s dividend payout ratio (DPR) is 190.00%.
Iron Mountain Profile
Iron Mountain Incorporated (NYSE: IRM) is a global leader in innovative storage, data center infrastructure, asset lifecycle management and information management services. Founded in 1951 and trusted by more than 225,000 customers worldwide, Iron Mountain helps customers CLIMB HIGHER to transform their businesses.
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