Walter C. Rakowich Sells 1,219 Shares of Iron Mountain Incorporated (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRM – Get Rating) Director Walter C. Rakowich sold 1,219 shares of the firm’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $55.53, for a total value of $67,691.07. Following the completion of the sale, the director now owns 33,735 shares in the company, valued at $1,873,304.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Iron Mountain Stock Down 0.6 %

Shares of Iron Mountain stock opened at $54.71 on Wednesday. The firm has a market cap of $15.95 billion, a price-to-earnings ratio of 27.63, a P/E/G ratio of 3.67 and a beta of 0.91. The company has a debt-to-equity ratio of 19.91, a current ratio of 0.80 and a quick ratio of 0.80. Iron Mountain Incorporated has a 52-week low of $43.33 and a 52-week high of $57.21. The stock has a 50-day simple moving average of $53.43 and a 200-day simple moving average of $52.90.

Iron Mountain (NYSE:IRM – Get Rating) last posted its earnings results on Thursday, February 23rd. The financial services provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.46). The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.32 billion. Iron Mountain had a return on equity of 88.48% and a net margin of 11.20%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 earnings per share. On average, equities research analysts expect that Iron Mountain Incorporated will post 3.77 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Thursday, June 15th will be given a $0.6185 dividend. This represents a $2.47 annualized dividend and a yield of 4.52%. The ex-dividend date is Wednesday, June 14th. Iron Mountain’s dividend payout ratio is currently 124.75%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. StockNews.com lowered Iron Mountain from a “hold” rating to a “sell” rating in a report on Sunday. Royal Bank of Canada reissued a “sector perform” rating and issued a $58.00 price target on shares of Iron Mountain in a research note on Monday, March 6th. Finally, Barclays raised their price objective on Iron Mountain from $56.00 to $64.00 in a research report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Iron Mountain has an average rating of “Hold” and a consensus price target of $62.00.

Institutional Trading of Iron Mountain

A number of institutional investors and hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC boosted its stake in Iron Mountain by 103.7% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 77,968 shares of the financial services provider’s stock valued at $3,428,000 after buying an additional 39,691 shares in the last quarter. Pearl River Capital LLC bought a new position in Iron Mountain during the third quarter worth about $459,000. Whittier Trust Co. raised its position in shares of Iron Mountain by 8.1% during the fourth quarter. Whittier Trust Co. now owns 2,923 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 220 shares during the period. Financial Advocates Investment Management bought a new stake in shares of Iron Mountain during the third quarter worth $204,000. Finally, Barclays PLC increased its holdings in Iron Mountain by 31.1% during the 3rd quarter. Barclays PLC now owns 587,785 shares of the financial services provider’s stock worth $25,843,000 after purchasing an additional 139,514 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

About Iron Mountain

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Iron Mountain, Inc engages in the provision of storage and information management solutions. It operates through the following business segments: North American Records & Information Management Business, North American Data Management Business, Western European Business, Other International Business, Global Data Center Business and Corporate & Other Business.