Iron Mountain Incorporated (NYSE:IRM) EVP Sells $156,960.00 in Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Deborah Marson sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $78.48, for a total value of $156,960.00. Following the completion of the transaction, the executive vice president now directly owns 65,286 shares of the company’s stock, valued at approximately $5,123,645.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 value of $157,400.00.
• On Thursday, February 1st, Deborah Marson sold 2,000 shares of Iron Mountain stock. The stock was sold at an average price of $67.43, for a total value of $134,860.00.

Iron Mountain Stock Up 0.6 %

NYSE IRM opened at $79.20 on Wednesday. The firm has a market cap of $23.15 billion, a PE ratio of 125.72, a price-to-earnings-growth ratio of 4.73 and a beta of 0.94. Iron Mountain Incorporated has a one year low of $51.62 and a one year high of $82.19. The stock’s 50 day simple moving average is $75.47 and its 200 day simple moving average is $67.87. The company has a debt-to-equity ratio of 55.78, a current ratio of 0.78 and a quick ratio of 0.78.

Iron Mountain (NYSE:IRM) last released its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.48). The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.45 billion. Iron Mountain had a return on equity of 178.02% and a net margin of 5.44%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $0.98 earnings per share. As a group, sell-side analysts forecast that Iron Mountain Incorporated will post 4.16 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.60 dividend on an annualized basis and a yield of 3.28%. Iron Mountain’s dividend payout ratio (DPR) is presently 412.70%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on IRM shares. Stifel Nicolaus increased their target price on Iron Mountain from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Barclays increased their target price on Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Wells Fargo & Company increased their target price on Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Finally, TheStreet cut Iron Mountain from a “b” rating to a “c” rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Iron Mountain currently has an average rating of “Moderate Buy” and a consensus target price of $73.80.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Blue Trust Inc. boosted its position in Iron Mountain by 201.7% in the 4th quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock valued at $25,000 after buying an additional 242 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in Iron Mountain in the 4th quarter valued at $26,000. Harbor Investment Advisory LLC boosted its position in Iron Mountain by 92.2% in the 3rd quarter. Harbor Investment Advisory LLC now owns 417 shares of the financial services provider’s stock valued at $25,000 after buying an additional 200 shares during the last quarter. Manchester Capital Management LLC boosted its position in Iron Mountain by 6,983.3% in the 3rd quarter. Manchester Capital Management LLC now owns 425 shares of the financial services provider’s stock valued at $25,000 after buying an additional 419 shares during the last quarter. Finally, First Capital Advisors Group LLC. bought a new position in Iron Mountain in the 2nd quarter valued at $25,000. 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.