Mark Kidd Sells 6,000 Shares of Iron Mountain (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $83.10, for a total value of $498,600.00. Following the transaction, the executive vice president owned 55,081 shares in the company, valued at $4,577,231.10. The trade was a 9.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Mark Kidd also recently made the following trade(s):

• On Monday, December 1st, Mark Kidd sold 6,000 shares of Iron Mountain stock. The shares were sold at an average price of $85.00, for a total value of $510,000.00.
• On Monday, November 3rd, Mark Kidd sold 6,000 shares of Iron Mountain stock. The stock was sold at an average price of $102.51, for a total value of $615,060.00.
• On Friday, October 31st, Mark Kidd sold 7,306 shares of Iron Mountain stock. The shares were sold at an average price of $100.82, for a total value of $736,590.92.

Iron Mountain Stock Performance

Shares of NYSE IRM opened at $87.10 on Thursday. Iron Mountain Incorporated has a one year low of $72.33 and a one year high of $112.18. The firm has a market capitalization of $25.75 billion, a P/E ratio of 164.34 and a beta of 1.13. The company’s fifty day moving average is $87.73 and its two-hundred day moving average is $94.81.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, beating the consensus estimate of $1.29 by $0.03. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Iron Mountain had a net margin of 2.40% and a negative return on equity of 112.70%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.13 earnings per share. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. On average, sell-side analysts forecast that Iron Mountain Incorporated will post 4.54 earnings per share for the current fiscal year.

Iron Mountain Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th were paid a dividend of $0.864 per share. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend was Monday, December 15th. This represents a $3.46 annualized dividend and a dividend yield of 4.0%. Iron Mountain’s dividend payout ratio is presently 652.83%.

Institutional Investors Weigh In On Iron Mountain

Hedge funds have recently modified their holdings of the company. Sei Investments Co. raised its position in shares of Iron Mountain by 4.2% during the 2nd quarter. Sei Investments Co. now owns 885,080 shares of the financial services provider’s stock valued at $90,783,000 after acquiring an additional 35,301 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Iron Mountain by 11.9% during the second quarter. PNC Financial Services Group Inc. now owns 65,386 shares of the financial services provider’s stock valued at $6,707,000 after purchasing an additional 6,937 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Iron Mountain by 86.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,974,922 shares of the financial services provider’s stock worth $169,922,000 after purchasing an additional 913,715 shares during the period. Tectonic Advisors LLC lifted its position in shares of Iron Mountain by 15.6% in the 3rd quarter. Tectonic Advisors LLC now owns 148,375 shares of the financial services provider’s stock worth $15,125,000 after buying an additional 19,999 shares during the last quarter. Finally, CW Advisors LLC boosted its holdings in shares of Iron Mountain by 85.9% in the 2nd quarter. CW Advisors LLC now owns 54,950 shares of the financial services provider’s stock valued at $5,636,000 after buying an additional 25,391 shares during the period. 80.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on Iron Mountain from $100.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Jefferies Financial Group assumed coverage on shares of Iron Mountain in a research report on Monday, September 22nd. They set a “buy” rating and a $120.00 target price for the company. Finally, Barclays upped their price target on shares of Iron Mountain from $122.00 to $123.00 and gave the company an “overweight” rating in a report on Wednesday, November 12th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $114.80.

Iron Mountain Company Profile

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.