Iron Mountain Incorporated (NYSE:IRM) EVP Deborah Marson Sells 1,125 Shares of Stock

Iron Mountain Incorporated (NYSE:IRMGet Rating) EVP Deborah Marson sold 1,125 shares of the firm’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $50.00, for a total transaction of $56,250.00. Following the completion of the transaction, the executive vice president now directly owns 53,657 shares of the company’s stock, valued at $2,682,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

IRM opened at $47.97 on Thursday. Iron Mountain Incorporated has a fifty-two week low of $41.67 and a fifty-two week high of $58.61. The company has a debt-to-equity ratio of 13.37, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $13.94 billion, a P/E ratio of 31.35, a P/E/G ratio of 3.38 and a beta of 0.82. The stock has a fifty day moving average of $53.36 and a 200-day moving average of $50.15.

Iron Mountain (NYSE:IRMGet Rating) last posted its earnings results on Thursday, April 28th. The financial services provider reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.32). Iron Mountain had a return on equity of 49.70% and a net margin of 9.59%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the business posted $0.81 EPS. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. On average, equities research analysts predict that Iron Mountain Incorporated will post 3.78 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, July 16th. Stockholders of record on Wednesday, June 15th will be issued a dividend of $0.618 per share. This represents a $2.47 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date is Tuesday, June 14th. Iron Mountain’s dividend payout ratio is currently 161.44%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its stake in Iron Mountain by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the financial services provider’s stock valued at $1,056,000 after purchasing an additional 200 shares in the last quarter. Mariner LLC raised its stake in Iron Mountain by 1.1% in the first quarter. Mariner LLC now owns 19,352 shares of the financial services provider’s stock valued at $1,072,000 after purchasing an additional 204 shares in the last quarter. Parallel Advisors LLC raised its stake in Iron Mountain by 10.9% in the first quarter. Parallel Advisors LLC now owns 2,098 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 206 shares in the last quarter. Greenleaf Trust grew its position in Iron Mountain by 4.0% in the first quarter. Greenleaf Trust now owns 5,644 shares of the financial services provider’s stock valued at $313,000 after acquiring an additional 215 shares during the last quarter. Finally, Brinker Capital Investments LLC grew its position in Iron Mountain by 5.4% in the first quarter. Brinker Capital Investments LLC now owns 4,251 shares of the financial services provider’s stock valued at $236,000 after acquiring an additional 218 shares during the last quarter. 78.62% of the stock is owned by institutional investors.

IRM has been the subject of a number of research analyst reports. StockNews.com initiated coverage on shares of Iron Mountain in a research report on Thursday, March 31st. They set a “hold” rating for the company. Stifel Nicolaus lifted their price objective on shares of Iron Mountain from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, April 12th. Finally, Credit Suisse Group lifted their price objective on shares of Iron Mountain from $18.00 to $20.00 and gave the stock an “underperform” rating in a research report on Friday, February 25th.

About Iron Mountain (Get Rating)

Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 90 million square feet across approximately 1,450 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts.

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