Iron Mountain Incorporated (NYSE:IRM) EVP Mark Kidd Sells 4,458 Shares of Stock

Iron Mountain Incorporated (NYSE:IRMGet Free Report) EVP Mark Kidd sold 4,458 shares of Iron Mountain stock in a transaction on Monday, April 1st. The stock was sold at an average price of $80.21, for a total transaction of $357,576.18. Following the sale, the executive vice president now owns 62,938 shares of the company’s stock, valued at $5,048,256.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Iron Mountain Trading Down 1.0 %

NYSE IRM opened at $78.76 on Wednesday. The company has a market capitalization of $23.02 billion, a PE ratio of 125.02, a P/E/G ratio of 4.82 and a beta of 0.94. The company has a fifty day moving average of $74.36 and a 200 day moving average of $67.30. Iron Mountain Incorporated has a 1 year low of $51.09 and a 1 year high of $82.19. The company has a debt-to-equity ratio of 55.78, a current ratio of 0.78 and a quick ratio of 0.78.

Iron Mountain (NYSE:IRMGet Free Report) last posted its earnings results on Thursday, February 22nd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.48). The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.45 billion. Iron Mountain had a net margin of 5.44% and a return on equity of 178.02%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Research analysts forecast that Iron Mountain Incorporated will post 4.16 earnings per share for the current year.

Iron Mountain Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Friday, March 15th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $2.60 dividend on an annualized basis and a yield of 3.30%. Iron Mountain’s payout ratio is 412.70%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC increased its holdings in Iron Mountain by 92.2% in the third quarter. Harbor Investment Advisory LLC now owns 417 shares of the financial services provider’s stock valued at $25,000 after buying an additional 200 shares in the last quarter. Manchester Capital Management LLC increased its holdings in Iron Mountain by 6,983.3% in the third quarter. Manchester Capital Management LLC now owns 425 shares of the financial services provider’s stock valued at $25,000 after buying an additional 419 shares in the last quarter. Blue Trust Inc. increased its holdings in Iron Mountain by 201.7% in the fourth quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock valued at $25,000 after buying an additional 242 shares in the last quarter. First Capital Advisors Group LLC. purchased a new position in Iron Mountain in the second quarter valued at $25,000. Finally, Exchange Traded Concepts LLC purchased a new position in Iron Mountain in the fourth quarter valued at $26,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on IRM shares. Wells Fargo & Company lifted their price objective on shares of Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. TheStreet downgraded shares of Iron Mountain from a “b” rating to a “c” rating in a research note on Thursday, February 22nd. Stifel Nicolaus lifted their price objective on shares of Iron Mountain from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Finally, Barclays lifted their price objective on shares of Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Iron Mountain presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.80.

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Iron Mountain Company Profile

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Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management, innovative storage, data center infrastructure, and asset lifecycle management. Founded in 1951 and trusted by more than 225,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers' work.

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

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