Advisors Capital Management LLC Takes Position in Iron Mountain Incorporated $IRM

Advisors Capital Management LLC acquired a new position in shares of Iron Mountain Incorporated (NYSE:IRM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,925 shares of the financial services provider’s stock, valued at approximately $1,254,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IRM. Oregon Public Employees Retirement Fund lifted its holdings in Iron Mountain by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 33,889 shares of the financial services provider’s stock valued at $3,461,000 after purchasing an additional 100 shares in the last quarter. Rothschild Investment LLC raised its position in shares of Iron Mountain by 15.4% in the fourth quarter. Rothschild Investment LLC now owns 780 shares of the financial services provider’s stock valued at $65,000 after buying an additional 104 shares during the last quarter. Meeder Advisory Services Inc. raised its position in shares of Iron Mountain by 2.9% in the first quarter. Meeder Advisory Services Inc. now owns 3,741 shares of the financial services provider’s stock valued at $382,000 after buying an additional 107 shares during the last quarter. Corrado Advisors LLC lifted its stake in shares of Iron Mountain by 0.6% during the fourth quarter. Corrado Advisors LLC now owns 19,856 shares of the financial services provider’s stock valued at $1,647,000 after buying an additional 110 shares during the period. Finally, Essential Partners LLC boosted its position in Iron Mountain by 24.4% during the first quarter. Essential Partners LLC now owns 561 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 80.13% of the company’s stock.

EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $122.70, for a total transaction of $736,200.00. Following the completion of the sale, the executive vice president directly owned 101,507 shares of the company’s stock, valued at approximately $12,454,908.90. This represents a 5.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Also, CEO William L. Meaney sold 38,474 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $121.67, for a total value of $4,681,131.58. Following the completion of the sale, the chief executive officer owned 38,474 shares of the company’s stock, valued at approximately $4,681,131.58. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 127,422 shares of company stock worth $15,810,652 in the last 90 days. Company insiders own 1.70% of the company’s stock.

Iron Mountain Incorporated has a 1-year low of $77.77 and a 1-year high of $134.68. The firm has a market capitalization of $36.38 billion, a P/E ratio of 87.28 and a beta of 1.20. The business’s 50-day simple moving average is $124.52 and its 200-day simple moving average is $117.08.