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 Iron Mountain stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $102.71, for a total transaction of $616,260.00. Following the completion of the transaction, the executive vice president directly owned 125,507 shares in the company, valued at $12,890,823.97. The trade was a 4.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, March 2nd, Mark Kidd sold 6,000 shares of Iron Mountain stock. The stock was sold at an average price of $107.27, for a total transaction of $643,620.00.
• On Friday, January 2nd, Mark Kidd sold 6,000 shares of Iron Mountain stock. The stock was sold at an average price of $83.10, for a total transaction of $498,600.00.

Iron Mountain Stock Performance

NYSE IRM opened at $103.36 on Friday. The firm’s fifty day moving average is $102.68 and its two-hundred day moving average is $96.76. Iron Mountain Incorporated has a one year low of $72.33 and a one year high of $115.24. The firm has a market cap of $30.75 billion, a PE ratio of 215.34 and a beta of 1.13.

Iron Mountain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Monday, March 16th were issued a dividend of $0.864 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.3%. Iron Mountain’s dividend payout ratio (DPR) is currently 720.83%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Garton & Associates Financial Advisors LLC acquired a new stake in Iron Mountain in the fourth quarter valued at about $25,000. Quent Capital LLC acquired a new position in Iron Mountain during the 3rd quarter worth approximately $27,000. 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 buying an additional 350 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Iron Mountain during the 3rd quarter worth approximately $32,000. Finally, Bayban acquired a new stake in shares of Iron Mountain in the 4th quarter valued at approximately $33,000. 80.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on IRM. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a research note on Thursday, January 22nd. Loop Capital set a $130.00 target price on Iron Mountain in a report on Wednesday, March 4th. Finally, Barclays upped their price target on Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $116.60.

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.