Iron Mountain Incorporated (NYSE:IRM) EVP Sells $155,600.00 in Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Deborah Marson sold 2,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $77.80, for a total transaction of $155,600.00. Following the completion of the transaction, the executive vice president now owns 63,286 shares of the company’s stock, valued at $4,923,650.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Deborah Marson also recently made the following trade(s):

• On Friday, April 5th, Deborah Marson sold 2,000 shares of Iron Mountain stock. The stock was sold at an average price of $78.48, for a total transaction of $156,960.00.
• On Tuesday, March 5th, Deborah Marson sold 2,000 shares of Iron Mountain stock. The shares were sold at an average price of $78.70, for a total transaction of $157,400.00.

Iron Mountain Stock Up 0.6 %

Iron Mountain stock opened at $78.04 on Thursday. Iron Mountain Incorporated has a fifty-two week low of $52.81 and a fifty-two week high of $82.19. The company has a market cap of $22.88 billion, a PE ratio of 118.24, a PEG ratio of 4.51 and a beta of 0.96. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.86 and a current ratio of 0.86. The business’s 50-day simple moving average is $78.29 and its two-hundred day simple moving average is $70.30.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings results 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). Iron Mountain had a return on equity of 282.93% and a net margin of 5.45%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the company posted $0.98 EPS. Iron Mountain’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities analysts anticipate 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 dividend on an annualized basis and a yield of 3.33%. Iron Mountain’s dividend payout ratio is presently 393.95%.

Hedge Funds Weigh In On Iron Mountain

A number of institutional investors have recently modified their holdings of IRM. Cohen & Steers Inc. boosted its stake in shares of Iron Mountain by 202.1% in the fourth quarter. Cohen & Steers Inc. now owns 22,475,614 shares of the financial services provider’s stock worth $1,572,936,000 after buying an additional 15,035,937 shares during the last quarter. Deutsche Bank AG boosted its position in Iron Mountain by 0.7% in the 3rd quarter. Deutsche Bank AG now owns 4,571,545 shares of the financial services provider’s stock worth $271,778,000 after purchasing an additional 29,683 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Iron Mountain by 11.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 4,562,165 shares of the financial services provider’s stock worth $365,931,000 after purchasing an additional 475,849 shares during the period. Northern Trust Corp increased its holdings in shares of Iron Mountain by 1.2% during the 3rd quarter. Northern Trust Corp now owns 3,913,828 shares of the financial services provider’s stock valued at $232,677,000 after purchasing an additional 47,902 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Iron Mountain in the 4th quarter valued at $228,391,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Analysts Set New Price Targets

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

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.