Wendy J. Murdock Sells 1,500 Shares of Iron Mountain Incorporated (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRM) Director Wendy J. Murdock sold 1,500 shares of the business’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 directly owns 24,491 shares of the company’s stock, valued at approximately $1,845,396.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Iron Mountain Trading Up 1.1 %

NYSE IRM opened at $77.63 on Wednesday. The business’s 50-day moving average price is $78.23 and its two-hundred day moving average price is $70.24. Iron Mountain Incorporated has a 12 month low of $52.81 and a 12 month high of $82.19. The firm has a market capitalization of $22.76 billion, a PE ratio of 117.62, a price-to-earnings-growth ratio of 4.51 and a beta of 0.96. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 674.63.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.48). The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.45 billion. Iron Mountain had a return on equity of 282.93% and a net margin of 5.45%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 earnings per share. On average, analysts expect that Iron Mountain Incorporated will post 4.18 EPS for the current year.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $2.60 annualized dividend and a dividend yield of 3.35%. Iron Mountain’s payout ratio is 393.95%.

Analysts Set New Price Targets

Several brokerages have weighed in on IRM. Wells Fargo & Company lifted their price objective on Iron Mountain from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, March 15th. TheStreet lowered shares of Iron Mountain from a “b” rating to a “c” rating in a report on Thursday, February 22nd. Stifel Nicolaus increased their price objective on shares of Iron Mountain from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Finally, Barclays boosted their target price on shares of Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $73.80.

Institutional Investors Weigh In On Iron Mountain

A number of hedge funds have recently added to or reduced their stakes in IRM. Blue Trust Inc. grew its position in shares of Iron Mountain by 201.7% during the 4th quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock worth $25,000 after buying an additional 242 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Iron Mountain in the fourth quarter worth $26,000. Manchester Capital Management LLC increased its stake in Iron Mountain by 6,983.3% in the third quarter. Manchester Capital Management LLC now owns 425 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 419 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of Iron Mountain during the fourth quarter valued at about $32,000. Finally, Headlands Technologies LLC bought a new position in shares of Iron Mountain during the 1st quarter worth about $38,000. 80.13% of the stock is currently owned by institutional investors.

Iron Mountain Company Profile

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.