Iron Mountain (NYSE:IRM) EVP Mithu Bhargava Sells 59,725 Shares of Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Mithu Bhargava sold 59,725 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $104.62, for a total transaction of $6,248,429.50. Following the sale, the executive vice president owned 16,054 shares of the company’s stock, valued at $1,679,569.48. The trade was a 78.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Iron Mountain Stock Up 2.5%

IRM stock opened at $102.10 on Tuesday. Iron Mountain Incorporated has a twelve month low of $72.33 and a twelve month high of $115.24. The company has a market cap of $30.20 billion, a P/E ratio of 212.71 and a beta of 1.13. The business’s fifty day moving average is $101.38 and its 200-day moving average is $96.49.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Monday, March 16th will be paid a $0.864 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.46 annualized dividend and a yield of 3.4%. Iron Mountain’s dividend payout ratio is presently 720.83%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IRM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Iron Mountain by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider’s stock valued at $2,573,000 after purchasing an additional 1,286 shares during the period. Empowered Funds LLC raised its holdings in Iron Mountain by 10.3% during the 1st quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock worth $493,000 after buying an additional 537 shares during the period. Woodline Partners LP raised its holdings in Iron Mountain by 41.0% during the 1st quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider’s stock worth $2,129,000 after buying an additional 7,193 shares during the period. Personal CFO Solutions LLC bought a new position in Iron Mountain in the second quarter valued at approximately $239,000. Finally, Swiss National Bank boosted its holdings in shares of Iron Mountain by 7.5% in the second quarter. Swiss National Bank now owns 889,261 shares of the financial services provider’s stock valued at $91,212,000 after buying an additional 61,700 shares during the period. 80.13% of the stock is owned by institutional investors and hedge funds.

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.