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

Iron Mountain Incorporated (NYSE:IRM) Director Wendy J. Murdock sold 1,500 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $75.35, for a total value of $113,025.00. Following the sale, the director now owns 24,491 shares in the company, valued at $1,845,396.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Iron Mountain Price Performance

Iron Mountain stock opened at $78.04 on Thursday. The firm’s 50-day moving average is $78.29 and its two-hundred day moving average is $70.30. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $22.88 billion, a P/E ratio of 118.24, a P/E/G ratio of 4.51 and a beta of 0.96. Iron Mountain Incorporated has a 12-month low of $52.81 and a 12-month high of $82.19.

Iron Mountain (NYSE:IRM) last announced its earnings results on Thursday, February 22nd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. Equities analysts predict that Iron Mountain Incorporated will post 4.18 earnings per share 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 paid a $0.65 dividend. The ex-dividend date is Monday, June 17th. This represents a $2.60 annualized dividend and a yield of 3.33%. Iron Mountain’s payout ratio is currently 393.95%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Iron Mountain

Several large investors have recently added to or reduced their stakes in IRM. Checchi Capital Advisers LLC increased its stake in shares of Iron Mountain by 1.6% during the 1st quarter. Checchi Capital Advisers LLC now owns 9,097 shares of the financial services provider’s stock valued at $730,000 after acquiring an additional 146 shares during the last quarter. Chesley Taft & Associates LLC increased its position in Iron Mountain by 1.0% during the first quarter. Chesley Taft & Associates LLC now owns 14,650 shares of the financial services provider’s stock worth $1,175,000 after purchasing an additional 150 shares during the last quarter. Crown Wealth Group LLC raised its stake in Iron Mountain by 3.5% during the first quarter. Crown Wealth Group LLC now owns 4,543 shares of the financial services provider’s stock worth $364,000 after purchasing an additional 153 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Iron Mountain by 1.7% in the 4th quarter. Global Retirement Partners LLC now owns 9,216 shares of the financial services provider’s stock valued at $612,000 after purchasing an additional 156 shares during the last quarter. Finally, Strategic Blueprint LLC grew its stake in shares of Iron Mountain by 4.4% during the 1st quarter. Strategic Blueprint LLC now owns 3,786 shares of the financial services provider’s stock valued at $304,000 after buying an additional 161 shares during the period. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

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.