Deborah Marson Sells 2,000 Shares of Iron Mountain Incorporated (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Deborah Marson sold 2,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $77.80, for a total value of $155,600.00. Following the sale, the executive vice president now owns 63,286 shares in the company, valued at approximately $4,923,650.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Deborah Marson also recently made the following trade(s):

• On Friday, April 5th, Deborah Marson sold 2,000 shares of Iron Mountain stock. The shares were sold at an average price of $78.48, for a total value of $156,960.00.
• On Tuesday, March 5th, Deborah Marson sold 2,000 shares of Iron Mountain stock. The stock was sold at an average price of $78.70, for a total value of $157,400.00.

Iron Mountain Stock Up 1.1 %

NYSE IRM opened at $77.63 on Wednesday. The business’s 50-day moving average is $78.23 and its 200 day moving average is $70.24. The stock has a market capitalization of $22.76 billion, a PE ratio of 117.62, a PEG ratio of 4.51 and a beta of 0.96. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.86 and a quick ratio of 0.86. Iron Mountain Incorporated has a 1 year low of $52.81 and a 1 year high of $82.19.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.48). Iron Mountain had a return on equity of 282.93% and a net margin of 5.45%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the business posted $0.98 earnings per share. Iron Mountain’s quarterly revenue was up 11.0% compared to the same quarter last year. Sell-side analysts forecast that Iron Mountain Incorporated will post 4.18 earnings per share for the current year.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, June 17th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Monday, June 17th. Iron Mountain’s payout ratio is 393.95%.

Analyst Ratings Changes

IRM has been the topic of several recent research reports. Stifel Nicolaus increased their target price on shares of Iron Mountain from $65.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Wells Fargo & Company raised their price objective on Iron Mountain from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. TheStreet cut Iron Mountain from a “b” rating to a “c” rating in a report on Thursday, February 22nd. Finally, Barclays lifted their price target on Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.80.

Hedge Funds Weigh In On Iron Mountain

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in shares of Iron Mountain by 201.7% during the 4th quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 242 shares during the period. Exchange Traded Concepts LLC purchased a new stake in Iron Mountain in the fourth quarter worth $26,000. Manchester Capital Management LLC raised its holdings in Iron Mountain by 6,983.3% in the third quarter. Manchester Capital Management LLC now owns 425 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 419 shares in the last quarter. CVA Family Office LLC purchased a new position in Iron Mountain during the fourth quarter valued at $32,000. Finally, Headlands Technologies LLC bought a new stake in shares of Iron Mountain during the 1st quarter valued at $38,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers' work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.