Iron Mountain (NYSE:IRM) EVP Sells $616,260.00 in Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $102.71, for a total value of $616,260.00. Following the sale, the executive vice president owned 125,507 shares in the company, valued at $12,890,823.97. The trade was a 4.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Kidd also recently made the following trade(s):

• On Monday, March 2nd, Mark Kidd sold 6,000 shares of Iron Mountain stock. The shares were sold at an average price of $107.27, for a total transaction of $643,620.00.
• On Friday, January 2nd, Mark Kidd sold 6,000 shares of Iron Mountain stock. The stock was sold at an average price of $83.10, for a total transaction of $498,600.00.

Iron Mountain Price Performance

Iron Mountain stock traded up $2.41 during mid-day trading on Thursday, reaching $103.36. 1,085,266 shares of the company traded hands, compared to its average volume of 1,881,831. Iron Mountain Incorporated has a fifty-two week low of $72.33 and a fifty-two week high of $115.24. The company has a market capitalization of $30.75 billion, a price-to-earnings ratio of 215.34 and a beta of 1.13. The firm’s fifty day moving average is $102.30 and its two-hundred day moving average is $96.69.

Iron Mountain Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Monday, March 16th will be given a $0.864 dividend. This represents a $3.46 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, March 16th. Iron Mountain’s dividend payout ratio is presently 718.75%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Loop Capital set a $130.00 price target on Iron Mountain in a research note on Wednesday, March 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a report on Thursday, January 22nd. Finally, Barclays upped their target price on Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.60.

Institutional Investors Weigh In On Iron Mountain

Hedge funds have recently added to or reduced their stakes in the business. Koshinski Asset Management Inc. grew its position in Iron Mountain by 2.0% during the 3rd quarter. Koshinski Asset Management Inc. now owns 5,108 shares of the financial services provider’s stock worth $521,000 after purchasing an additional 98 shares during the period. NorthCrest Asset Manangement LLC lifted its holdings in shares of Iron Mountain by 3.6% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 2,929 shares of the financial services provider’s stock valued at $310,000 after buying an additional 103 shares during the period. Continuum Advisory LLC boosted its stake in shares of Iron Mountain by 5.3% in the third quarter. Continuum Advisory LLC now owns 2,077 shares of the financial services provider’s stock worth $212,000 after buying an additional 104 shares during the last quarter. Rothschild Investment LLC grew its holdings in Iron Mountain by 15.4% during the fourth quarter. Rothschild Investment LLC now owns 780 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 104 shares during the period. Finally, Natural Investments LLC grew its holdings in Iron Mountain by 3.1% during the third quarter. Natural Investments LLC now owns 3,581 shares of the financial services provider’s stock worth $365,000 after acquiring an additional 107 shares during the period. 80.13% of the stock is owned by hedge funds and other institutional investors.

Iron Mountain Company Profile

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.