Iron Mountain Incorporated (NYSE:IRM) EVP Theodore Maclean sold 1,500 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $38.13, for a total transaction of $57,195.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Iron Mountain Incorporated (IRM) traded up 0.36% during midday trading on Wednesday, hitting $38.94. 1,207,506 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $39.23 and its 200 day moving average price is $36.27. Iron Mountain Incorporated has a one year low of $30.75 and a one year high of $40.64. The firm has a market cap of $10.30 billion, a PE ratio of 53.42 and a beta of 0.91.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. Iron Mountain had a net margin of 5.14% and a return on equity of 14.46%. The company had revenue of $950.00 million during the quarter, compared to the consensus estimate of $955.05 million. During the same quarter in the prior year, the company posted $0.24 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities research analysts forecast that Iron Mountain Incorporated will post $1.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date was Thursday, September 14th. Iron Mountain’s dividend payout ratio is currently 297.30%.

COPYRIGHT VIOLATION WARNING: This news story was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/10/11/iron-mountain-incorporated-irm-evp-theodore-maclean-sells-1500-shares.html.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Iron Mountain by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,249 shares of the financial services provider’s stock valued at $627,000 after acquiring an additional 56 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Iron Mountain by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,200 shares of the financial services provider’s stock valued at $522,000 after acquiring an additional 100 shares during the last quarter. Trust Investment Advisors increased its stake in shares of Iron Mountain by 0.3% during the 2nd quarter. Trust Investment Advisors now owns 37,090 shares of the financial services provider’s stock valued at $1,274,000 after acquiring an additional 115 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Iron Mountain by 3.4% during the 1st quarter. Pacer Advisors Inc. now owns 3,663 shares of the financial services provider’s stock valued at $131,000 after acquiring an additional 121 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its stake in shares of Iron Mountain by 0.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 24,290 shares of the financial services provider’s stock valued at $834,000 after acquiring an additional 132 shares during the last quarter. 87.46% of the stock is owned by institutional investors.

Several research firms recently issued reports on IRM. Stifel Nicolaus restated a “buy” rating and set a $40.00 price objective on shares of Iron Mountain in a research report on Sunday, September 3rd. Zacks Investment Research cut shares of Iron Mountain from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. BidaskClub upgraded shares of Iron Mountain from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Finally, Robert W. Baird set a $39.00 price target on shares of Iron Mountain and gave the company a “hold” rating in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $38.25.

About Iron Mountain

Iron Mountain Incorporated (Iron Mountain) is engaged in storing records, primarily paper documents and data backup media, and provide information management services. The Company offers records management services, data protection and recovery services and information destruction services. Its information management services are divided into three categories: records management services, data protection and recovery services, and information destruction services.

Insider Buying and Selling by Quarter for Iron Mountain (NYSE:IRM)

Receive News & Ratings for Iron Mountain Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iron Mountain Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.