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 the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $77.80, for a total transaction of $155,600.00. Following the completion of the sale, the executive vice president now directly owns 63,286 shares of the company’s stock, valued at approximately $4,923,650.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 transaction 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 Price Performance

IRM opened at $78.04 on Thursday. The firm has a market capitalization of $22.88 billion, a P/E ratio of 118.24, a PEG ratio of 4.51 and a beta of 0.96. The stock has a fifty day moving average of $78.29 and a 200-day moving average of $70.30. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 674.63. Iron Mountain Incorporated has a 12-month low of $52.81 and a 12-month high of $82.19.

Iron Mountain (NYSE:IRM) last released its earnings results on Thursday, February 22nd. The financial services provider reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.48). The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Iron Mountain had a net margin of 5.45% and a return on equity of 282.93%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $0.98 EPS. Equities analysts forecast that Iron Mountain Incorporated will post 4.18 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be given a $0.65 dividend. The ex-dividend date is Monday, June 17th. This represents a $2.60 annualized dividend and a yield of 3.33%. Iron Mountain’s dividend payout ratio (DPR) is currently 393.95%.

Institutional Trading of Iron Mountain

Large investors have recently added to or reduced their stakes in the company. Cohen & Steers Inc. boosted its position in Iron Mountain by 202.1% in the 4th quarter. Cohen & Steers Inc. now owns 22,475,614 shares of the financial services provider’s stock valued at $1,572,936,000 after buying an additional 15,035,937 shares during the last quarter. Deutsche Bank AG grew its position in shares of Iron Mountain by 0.7% in the 3rd quarter. Deutsche Bank AG now owns 4,571,545 shares of the financial services provider’s stock valued at $271,778,000 after purchasing an additional 29,683 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Iron Mountain by 11.6% during the first quarter. Daiwa Securities Group Inc. now owns 4,562,165 shares of the financial services provider’s stock worth $365,931,000 after acquiring an additional 475,849 shares in the last quarter. Northern Trust Corp raised its stake in shares of Iron Mountain by 1.2% in the 3rd quarter. Northern Trust Corp now owns 3,913,828 shares of the financial services provider’s stock valued at $232,677,000 after purchasing an additional 47,902 shares during the period. Finally, Norges Bank bought a new position in shares of Iron Mountain during the 4th quarter worth approximately $228,391,000. 80.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

IRM has been the subject of a number of research analyst reports. Barclays upped their target price on Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. Wells Fargo & Company raised their target price 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 shares of Iron Mountain from a “b” rating to a “c” rating in a research report on Thursday, February 22nd. Finally, Stifel Nicolaus raised their price objective on shares of Iron Mountain from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. One 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.