Iron Mountain (NYSE:IRM) EVP Mark Kidd Sells 6,000 Shares of Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $102.71, for a total value of $616,260.00. Following the sale, the executive vice president directly owned 125,507 shares of the company’s stock, valued at approximately $12,890,823.97. This trade represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Kidd also recently made the following trade(s):

• On Monday, March 2nd, Mark Kidd sold 6,000 shares of Iron Mountain stock. The stock was sold at an average price of $107.27, for a total value of $643,620.00.
• On Friday, January 2nd, Mark Kidd sold 6,000 shares of Iron Mountain stock. The stock was sold at an average price of $83.10, for a total value of $498,600.00.

Iron Mountain Price Performance

Shares of NYSE:IRM opened at $103.36 on Friday. The firm’s 50 day simple moving average is $102.49 and its 200 day simple moving average is $96.74. Iron Mountain Incorporated has a fifty-two week low of $72.33 and a fifty-two week high of $115.24. The company has a market capitalization of $30.75 billion, a price-to-earnings ratio of 215.34 and a beta of 1.13.

Iron Mountain Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Monday, March 16th will be issued a $0.864 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.46 annualized dividend and a dividend yield of 3.3%. Iron Mountain’s payout ratio is 720.83%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IRM. Garton & Associates Financial Advisors LLC bought a new stake in Iron Mountain in the 4th quarter valued at approximately $25,000. Quent Capital LLC bought a new position in shares of Iron Mountain during the 3rd quarter worth approximately $27,000. Beaird Harris Wealth Management LLC raised its holdings in shares of Iron Mountain by 17,500.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 350 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Iron Mountain in the third quarter valued at approximately $32,000. Finally, Bayban bought a new stake in shares of Iron Mountain in the fourth quarter worth $33,000. 80.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

IRM has been the topic of several recent analyst reports. Barclays boosted their target price on Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a report on Thursday, January 22nd. Finally, Loop Capital set a $130.00 target price on Iron Mountain in a research note on Wednesday, March 4th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $116.60.

About Iron Mountain

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.