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

Iron Mountain Incorporated (NYSE:IRM) EVP Deborah Marson sold 2,000 shares of Iron Mountain stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $77.80, for a total value of $155,600.00. Following the completion of the transaction, the executive vice president now directly owns 63,286 shares of the company’s stock, valued at $4,923,650.80. The transaction was disclosed in a document filed with the SEC, which is available at 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 stock was 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 shares were sold at an average price of $78.70, for a total transaction of $157,400.00.

Iron Mountain Stock Up 2.0 %

Iron Mountain stock opened at $76.80 on Tuesday. Iron Mountain Incorporated has a 1-year low of $52.81 and a 1-year high of $82.19. The firm has a market capitalization of $22.51 billion, a price-to-earnings ratio of 116.37, a price-to-earnings-growth ratio of 4.51 and a beta of 0.96. The firm’s fifty day moving average price is $78.13 and its two-hundred day moving average price is $69.99. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 674.63.

Iron Mountain (NYSE:IRM) last released 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 net margin of 5.45% and a return on equity of 282.93%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the business posted $0.98 earnings per share. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities research analysts predict that Iron Mountain Incorporated will post 4.18 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 17th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Monday, June 17th. Iron Mountain’s dividend payout ratio (DPR) is 393.95%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Manchester Capital Management LLC lifted its position in shares of Iron Mountain by 6,983.3% during the third quarter. Manchester Capital Management LLC now owns 425 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 419 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Iron Mountain by 201.7% during the fourth quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 242 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Iron Mountain during the fourth quarter valued at about $26,000. CVA Family Office LLC bought a new position in shares of Iron Mountain during the fourth quarter valued at about $32,000. Finally, Muzinich & Co. Inc. bought a new position in shares of Iron Mountain during the third quarter valued at about $35,000. 80.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. TheStreet downgraded shares of Iron Mountain from a “b” rating to a “c” rating in a research note on Thursday, February 22nd. Stifel Nicolaus boosted their target price on Iron Mountain from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Barclays upped 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. Finally, 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $73.80.

Iron Mountain Company Profile

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.