Centersquare Investment Management LLC Buys 1,519,237 Shares of Iron Mountain Incorporated (NYSE:IRM)

Centersquare Investment Management LLC raised its stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 7,892.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,538,486 shares of the financial services provider's stock after purchasing an additional 1,519,237 shares during the period. Iron Mountain makes up approximately 1.3% of Centersquare Investment Management LLC's holdings, making the stock its 26th biggest position. Centersquare Investment Management LLC owned 0.52% of Iron Mountain worth $119,263,000 as of its most recent SEC filing.

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A number of other hedge funds have also recently bought and sold shares of the stock. Blair William & Co. IL boosted its holdings in Iron Mountain by 3.0% in the 1st quarter. Blair William & Co. IL now owns 349,411 shares of the financial services provider's stock valued at $28,026,000 after purchasing an additional 10,326 shares during the period. HBK Sorce Advisory LLC bought a new position in shares of Iron Mountain during the 1st quarter worth about $217,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Iron Mountain by 11.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 515,260 shares of the financial services provider's stock worth $41,329,000 after acquiring an additional 52,608 shares during the period. Tradewinds LLC. bought a new position in shares of Iron Mountain during the 1st quarter worth about $354,000. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of Iron Mountain by 2.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 321,492 shares of the financial services provider's stock worth $25,787,000 after acquiring an additional 7,486 shares during the period. 80.13% of the stock is owned by institutional investors.

Iron Mountain Price Performance

Shares of Iron Mountain stock traded up $0.44 during mid-day trading on Friday, reaching $98.28. 1,082,636 shares of the stock were exchanged, compared to its average volume of 2,494,017. The company has a market cap of $28.81 billion, a price-to-earnings ratio of 148.91, a price-to-earnings-growth ratio of 5.79 and a beta of 0.98. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 674.63. The firm has a 50-day simple moving average of $87.40 and a 200 day simple moving average of $78.67. Iron Mountain Incorporated has a fifty-two week low of $56.51 and a fifty-two week high of $100.78.

Iron Mountain Announces Dividend

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The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Monday, June 17th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Monday, June 17th. Iron Mountain's dividend payout ratio (DPR) is currently 393.94%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on IRM shares. Stifel Nicolaus raised their price objective on shares of Iron Mountain from $86.00 to $103.00 and gave the stock a "buy" rating in a report on Wednesday, July 10th. The Goldman Sachs Group raised their price objective on shares of Iron Mountain from $89.00 to $101.00 and gave the stock a "buy" rating in a report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $82.83.

View Our Latest Stock Analysis on IRM

Insider Buying and Selling

In other Iron Mountain news, Director Wendy J. Murdock sold 1,500 shares of the firm's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $75.35, for a total value of $113,025.00. Following the completion of the sale, the director now owns 24,491 shares in the company, valued at approximately $1,845,396.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the firm's stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $81.03, for a total value of $1,286,351.25. Following the completion of the sale, the chief executive officer now owns 295,650 shares in the company, valued at approximately $23,956,519.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Wendy J. Murdock sold 1,500 shares of the firm's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $75.35, for a total transaction of $113,025.00. Following the completion of the sale, the director now owns 24,491 shares of the company's stock, valued at approximately $1,845,396.85. The disclosure for this sale can be found here. Insiders sold 100,553 shares of company stock worth $8,759,378 in the last quarter. 2.10% of the stock is owned by corporate insiders.

About Iron Mountain

Iron Mountain Incorporated NYSE: IRM is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers' work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.

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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:IRM - Free Report).

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