William Meaney Sells 137,133 Shares of Iron Mountain (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRM) CEO William Meaney sold 137,133 shares of Iron Mountain stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $109.39, for a total transaction of $15,000,978.87. Following the sale, the chief executive officer owned 295,975 shares of the company’s stock, valued at $32,376,705.25. The trade was a 31.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Iron Mountain Stock Performance

Iron Mountain stock opened at $107.77 on Thursday. The company has a market capitalization of $31.88 billion, a PE ratio of 224.52 and a beta of 1.13. The company has a 50 day moving average price of $95.83 and a 200-day moving average price of $95.14. Iron Mountain Incorporated has a fifty-two week low of $72.33 and a fifty-two week high of $115.24.

Iron Mountain Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Monday, March 16th will be issued a $0.864 dividend. This represents a $3.46 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, March 16th. Iron Mountain’s dividend payout ratio is presently 720.83%.

Institutional Investors Weigh In On Iron Mountain

A number of hedge funds have recently modified their holdings of the business. Quent Capital LLC acquired a new position in Iron Mountain during the third quarter worth about $27,000. Garton & Associates Financial Advisors LLC purchased a new position in Iron Mountain in the 4th quarter worth approximately $25,000. Johnson Financial Group Inc. acquired a new position in shares of Iron Mountain during the 3rd quarter worth approximately $32,000. Beaird Harris Wealth Management LLC boosted its holdings in shares of Iron Mountain by 17,500.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 350 shares during the last quarter. Finally, DV Equities LLC purchased a new stake in shares of Iron Mountain in the fourth quarter valued at approximately $34,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Iron Mountain

Here are the key news stories impacting Iron Mountain this week:

• Positive Sentiment: Company declared a quarterly dividend of $0.864 (annualized $3.46), with an ex-dividend/record cadence set in March; several analysts have raised targets and given overweight/buy ratings — supportive for income/valuation narratives. MarketBeat IRM Company Page
• Positive Sentiment: Benzinga highlights that a $100 investment in IRM five years ago produced meaningful returns, underscoring multi-year total-return strength that can attract long-term investors. $100 Invested In Iron Mountain 5 Years Ago
• Neutral Sentiment: Iron Mountain presented at the Morgan Stanley Technology, Media & Telecom conference; the transcript may contain useful color on strategy, digital services and growth priorities but contains no headline surprises that move the stock on its own. Conference Presentation Transcript
• Negative Sentiment: Significant insider selling reported in early March: CEO William L. Meaney sold ~137,133 shares (~$15M), director Jennifer Allerton sold 7,000 shares, and EVP Mark Kidd sold 6,000 shares — raises governance/near-term sentiment concerns for some investors. Insider Selling Alerts

Analyst Upgrades and Downgrades

IRM has been the topic of several recent research reports. Barclays upped their price objective on Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. JPMorgan Chase & Co. increased their price target on shares of Iron Mountain from $100.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Loop Capital set a $130.00 price target on shares of Iron Mountain in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Iron Mountain presently has an average rating of “Moderate Buy” and a consensus price target of $116.60.

About Iron Mountain

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.