Iron Mountain (NYSE:IRM) CEO William Meaney Sells 98,657 Shares of Stock

Iron Mountain Incorporated (NYSE:IRM) CEO William Meaney sold 98,657 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $106.25, for a total value of $10,482,306.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Iron Mountain Stock Up 1.8%

NYSE IRM opened at $107.04 on Tuesday. The company has a market cap of $31.67 billion, a price-to-earnings ratio of 223.00 and a beta of 1.13. Iron Mountain Incorporated has a 52 week low of $72.33 and a 52 week high of $115.24. The business has a 50 day moving average price of $97.32 and a 200-day moving average price of $95.49.

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 paid a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, March 16th. Iron Mountain’s payout ratio is 720.83%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on IRM shares. Loop Capital set a $130.00 price objective on shares of Iron Mountain in a research note on Wednesday, March 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research report on Thursday, January 22nd. Finally, Barclays raised their price target on shares of Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Iron Mountain presently has an average rating of “Moderate Buy” and an average target price of $116.60.

Institutional Trading of Iron Mountain

Institutional investors and hedge funds have recently modified their holdings of the business. Quent Capital LLC purchased a new position in Iron Mountain in the third quarter worth $27,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Iron Mountain during the 4th quarter valued at $25,000. Johnson Financial Group Inc. bought a new stake in shares of Iron Mountain during the 3rd quarter worth $32,000. Beaird Harris Wealth Management LLC raised its stake 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 period. Finally, Bayban purchased a new position in shares of Iron Mountain in the 4th quarter worth about $33,000. 80.13% of the stock is owned by hedge funds and other institutional investors.

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.