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

Iron Mountain Incorporated (NYSE:IRM – Get Rating) Director Walter C. Rakowich sold 1,219 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $55.53, for a total value of $67,691.07. Following the sale, the director now owns 33,735 shares in the company, valued at approximately $1,873,304.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Iron Mountain Stock Down 0.6 %

Shares of Iron Mountain stock opened at $55.04 on Tuesday. Iron Mountain Incorporated has a one year low of $43.33 and a one year high of $57.21. The company has a debt-to-equity ratio of 19.91, a current ratio of 0.80 and a quick ratio of 0.80. The stock’s 50-day moving average is $53.38 and its 200 day moving average is $52.86. The firm has a market cap of $16.05 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 3.67 and a beta of 0.91.

Iron Mountain (NYSE:IRM – Get Rating) last announced its earnings results on Thursday, February 23rd. The financial services provider reported $0.43 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.46). Iron Mountain had a net margin of 11.20% and a return on equity of 88.48%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company earned $0.74 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities research analysts anticipate that Iron Mountain Incorporated will post 3.77 EPS for the current year.

Iron Mountain Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Thursday, June 15th will be paid a dividend of $0.6185 per share. This represents a $2.47 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend is Wednesday, June 14th. Iron Mountain’s dividend payout ratio (DPR) is currently 124.75%.

Institutional Trading of Iron Mountain

A number of institutional investors and hedge funds have recently modified their holdings of IRM. Acadian Asset Management LLC increased its position in shares of Iron Mountain by 15.1% during the first quarter. Acadian Asset Management LLC now owns 2,503 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 328 shares during the last quarter. Panagora Asset Management Inc. increased its position in shares of Iron Mountain by 71.3% during the first quarter. Panagora Asset Management Inc. now owns 18,549 shares of the financial services provider’s stock valued at $1,028,000 after acquiring an additional 7,719 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Iron Mountain by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,743 shares of the financial services provider’s stock valued at $2,147,000 after purchasing an additional 2,399 shares during the period. APG Asset Management N.V. grew its holdings in Iron Mountain by 13.0% during the first quarter. APG Asset Management N.V. now owns 18,205 shares of the financial services provider’s stock valued at $907,000 after purchasing an additional 2,100 shares during the period. Finally, Raymond James Trust N.A. grew its holdings in Iron Mountain by 52.8% during the first quarter. Raymond James Trust N.A. now owns 7,552 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 2,608 shares during the period. 77.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.