Iron Mountain Incorporated (NYSE:IRM) Director Sells $220,560.00 in Stock

Iron Mountain Incorporated (NYSE:IRM – Get Rating) Director Jennifer Allerton sold 4,000 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $55.14, for a total transaction of $220,560.00. Following the sale, the director now directly owns 14,397 shares in the company, valued at $793,850.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Iron Mountain Stock Up 0.3 %

IRM stock opened at $55.36 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 19.91. Iron Mountain Incorporated has a fifty-two week low of $43.33 and a fifty-two week high of $57.21. The firm’s 50-day simple moving average is $53.34 and its 200 day simple moving average is $52.80. The stock has a market cap of $16.14 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 3.65 and a beta of 0.91.

Iron Mountain (NYSE:IRM – Get Rating) last released its quarterly earnings data on Thursday, February 23rd. The financial services provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.46). Iron Mountain had a return on equity of 88.48% and a net margin of 11.20%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the business earned $0.74 EPS. The firm’s revenue was up 10.3% on a year-over-year basis. As a group, sell-side analysts predict that Iron Mountain Incorporated will post 3.77 EPS for the current year.

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Thursday, June 15th will be issued a $0.6185 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.47%. Iron Mountain’s dividend payout ratio (DPR) is presently 124.75%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Barclays increased their target price on shares of Iron Mountain from $56.00 to $64.00 in a report on Friday, May 5th. StockNews.com cut shares of Iron Mountain from a “hold” rating to a “sell” rating in a report on Sunday. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $58.00 target price on shares of Iron Mountain in a report on Monday, March 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Iron Mountain has a consensus rating of “Hold” and a consensus target price of $62.00.

Hedge Funds Weigh In On Iron Mountain

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp grew its position in Iron Mountain by 1.8% in the 1st quarter. State Street Corp now owns 14,622,009 shares of the financial services provider’s stock valued at $819,026,000 after buying an additional 261,765 shares in the last quarter. Geode Capital Management LLC grew its position in Iron Mountain by 12.1% in the 1st quarter. Geode Capital Management LLC now owns 7,781,928 shares of the financial services provider’s stock valued at $411,015,000 after buying an additional 837,623 shares in the last quarter. Deutsche Bank AG grew its position in Iron Mountain by 10.5% in the 1st quarter. Deutsche Bank AG now owns 4,584,196 shares of the financial services provider’s stock valued at $242,550,000 after buying an additional 436,842 shares in the last quarter. Moneta Group Investment Advisors LLC bought a new position in Iron Mountain in the 4th quarter valued at about $224,698,000. Finally, Dimensional Fund Advisors LP grew its position in Iron Mountain by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,219,190 shares of the financial services provider’s stock valued at $223,231,000 after buying an additional 116,057 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Iron Mountain Company Profile

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Iron Mountain, Inc engages in the provision of storage and information management solutions. It operates through the following business segments: North American Records & Information Management Business, North American Data Management Business, Western European Business, Other International Business, Global Data Center Business and Corporate & Other Business.