Deborah Marson Sells 1,125 Shares of Iron Mountain Incorporated (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRMGet Rating) EVP Deborah Marson sold 1,125 shares of the stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $53.82, for a total transaction of $60,547.50. Following the completion of the transaction, the executive vice president now directly owns 50,282 shares of the company’s stock, valued at approximately $2,706,177.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Wednesday, August 10th, Deborah Marson sold 1,125 shares of Iron Mountain stock. The stock was sold at an average price of $54.00, for a total transaction of $60,750.00.
  • On Wednesday, July 13th, Deborah Marson sold 1,125 shares of Iron Mountain stock. The shares were sold at an average price of $47.50, for a total transaction of $53,437.50.

Iron Mountain Trading Up 3.3 %

NYSE IRM opened at $55.29 on Friday. The stock has a market capitalization of $16.07 billion, a price-to-earnings ratio of 43.88, a PEG ratio of 3.78 and a beta of 0.75. Iron Mountain Incorporated has a one year low of $41.67 and a one year high of $58.61. The company has a debt-to-equity ratio of 15.33, a current ratio of 0.87 and a quick ratio of 0.87. The business’s fifty day moving average is $51.34 and its 200-day moving average is $51.82.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Thursday, September 15th will be issued a dividend of $0.618 per share. This represents a $2.47 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date is Wednesday, September 14th. Iron Mountain’s payout ratio is presently 196.03%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Evercore ISI raised their price objective on shares of Iron Mountain to $63.00 in a report on Monday, August 22nd. StockNews.com lowered shares of Iron Mountain from a “buy” rating to a “hold” rating in a report on Saturday, August 20th. Finally, Barclays assumed coverage on shares of Iron Mountain in a report on Friday, June 24th. They issued an “overweight” rating and a $58.00 price objective for the company.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System grew its position in shares of Iron Mountain by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the financial services provider’s stock worth $1,056,000 after purchasing an additional 200 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in Iron Mountain by 12.8% during the 2nd quarter. SRS Capital Advisors Inc. now owns 1,767 shares of the financial services provider’s stock valued at $86,000 after buying an additional 200 shares in the last quarter. Mariner LLC grew its holdings in Iron Mountain by 1.1% during the 1st quarter. Mariner LLC now owns 19,352 shares of the financial services provider’s stock valued at $1,072,000 after buying an additional 204 shares in the last quarter. Parallel Advisors LLC grew its holdings in Iron Mountain by 10.9% during the 1st quarter. Parallel Advisors LLC now owns 2,098 shares of the financial services provider’s stock valued at $116,000 after buying an additional 206 shares in the last quarter. Finally, Greenleaf Trust boosted its holdings in shares of Iron Mountain by 4.0% in the 1st quarter. Greenleaf Trust now owns 5,644 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 215 shares during the period. Hedge funds and other institutional investors own 76.80% of the company’s stock.

About Iron Mountain

(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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