Iron Mountain Incorporated (NYSE:IRM) Director Walter C. Rakowich Sells 1,320 Shares

Iron Mountain Incorporated (NYSE:IRMGet Rating) Director Walter C. Rakowich sold 1,320 shares of the firm’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $53.60, for a total transaction of $70,752.00. Following the completion of the sale, the director now directly owns 31,907 shares of the company’s stock, valued at $1,710,215.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of IRM opened at $51.02 on Thursday. The company’s fifty day moving average is $53.59 and its 200 day moving average is $49.51. Iron Mountain Incorporated has a fifty-two week low of $41.67 and a fifty-two week high of $58.61. The stock has a market capitalization of $14.82 billion, a PE ratio of 33.35 and a beta of 0.82. The company has a debt-to-equity ratio of 13.37, a quick ratio of 0.90 and a current ratio of 0.90.

Iron Mountain (NYSE:IRMGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The financial services provider reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.32). The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.24 billion. Iron Mountain had a net margin of 9.59% and a return on equity of 49.70%. The company’s revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 EPS. As a group, research analysts forecast that Iron Mountain Incorporated will post 3.23 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, July 16th. Investors of record on Wednesday, June 15th will be paid a $0.618 dividend. This represents a $2.47 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date is Tuesday, June 14th. Iron Mountain’s dividend payout ratio (DPR) is presently 161.44%.

A number of analysts have weighed in on IRM shares. Stifel Nicolaus raised their price objective on shares of Iron Mountain from $52.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, April 12th. StockNews.com began coverage on shares of Iron Mountain in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Credit Suisse Group raised their price objective on shares of Iron Mountain from $18.00 to $20.00 and gave the stock an “underperform” rating in a report on Friday, February 25th.

Several hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Iron Mountain during the fourth quarter valued at about $150,364,000. Morgan Stanley lifted its holdings in Iron Mountain by 37.3% in the 3rd quarter. Morgan Stanley now owns 4,195,161 shares of the financial services provider’s stock valued at $182,280,000 after purchasing an additional 1,139,861 shares in the last quarter. Border to Coast Pensions Partnership Ltd purchased a new position in Iron Mountain in the 1st quarter valued at $44,022,000. Goldman Sachs Group Inc. increased its stake in shares of Iron Mountain by 409.0% in the 3rd quarter. Goldman Sachs Group Inc. now owns 864,502 shares of the financial services provider’s stock worth $37,563,000 after acquiring an additional 694,664 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Iron Mountain by 149.0% in the 3rd quarter. Janus Henderson Group PLC now owns 959,069 shares of the financial services provider’s stock worth $41,671,000 after acquiring an additional 573,868 shares during the last quarter. 78.62% of the stock is owned by institutional investors and hedge funds.

Iron Mountain Company Profile (Get Rating)

Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 90 million square feet across approximately 1,450 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts.

Further Reading

Insider Buying and Selling by Quarter for Iron Mountain (NYSE:IRM)

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