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

Iron Mountain Incorporated (NYSE:IRM) EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $107.27, for a total value of $643,620.00. Following the sale, the executive vice president directly owned 131,507 shares in the company, valued at $14,106,755.89. The trade was a 4.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

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

Iron Mountain Stock Down 0.0%

Shares of NYSE IRM opened at $107.77 on Thursday. The stock has a market cap of $31.88 billion, a P/E ratio of 224.52 and a beta of 1.13. The firm’s 50-day simple moving average is $95.83 and its 200 day simple moving average is $95.14. Iron Mountain Incorporated has a fifty-two week low of $72.33 and a fifty-two week high of $115.24.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Monday, March 16th will be paid a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, March 16th. Iron Mountain’s dividend payout ratio is currently 720.83%.

Institutional Investors Weigh In On Iron Mountain

Several hedge funds have recently modified their holdings of the stock. Intact Investment Management Inc. acquired a new stake in Iron Mountain during the 3rd quarter valued at $3,588,000. Sei Investments Co. grew its holdings in shares of Iron Mountain by 4.2% during the second quarter. Sei Investments Co. now owns 885,080 shares of the financial services provider’s stock valued at $90,783,000 after buying an additional 35,301 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Iron Mountain by 11.9% during the second quarter. PNC Financial Services Group Inc. now owns 65,386 shares of the financial services provider’s stock valued at $6,707,000 after buying an additional 6,937 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its position in Iron Mountain by 17.2% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 103,960 shares of the financial services provider’s stock valued at $10,598,000 after buying an additional 15,225 shares during the period. Finally, AGF Management Ltd. lifted its stake in Iron Mountain by 178.0% in the 3rd quarter. AGF Management Ltd. now owns 22,185 shares of the financial services provider’s stock worth $2,262,000 after acquiring an additional 14,205 shares in the last quarter. 80.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Loop Capital set a $130.00 target price on Iron Mountain in a report on Wednesday. Barclays boosted their price objective on Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Iron Mountain from $100.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.60.

Key Iron Mountain News

Here are the key news stories impacting Iron Mountain this week:

• Positive Sentiment: Company declared a quarterly dividend of $0.864 (annualized $3.46), with an ex-dividend/record cadence set in March; several analysts have raised targets and given overweight/buy ratings — supportive for income/valuation narratives. MarketBeat IRM Company Page
• Positive Sentiment: Benzinga highlights that a $100 investment in IRM five years ago produced meaningful returns, underscoring multi-year total-return strength that can attract long-term investors. $100 Invested In Iron Mountain 5 Years Ago
• Neutral Sentiment: Iron Mountain presented at the Morgan Stanley Technology, Media & Telecom conference; the transcript may contain useful color on strategy, digital services and growth priorities but contains no headline surprises that move the stock on its own. Conference Presentation Transcript
• Negative Sentiment: Significant insider selling reported in early March: CEO William L. Meaney sold ~137,133 shares (~$15M), director Jennifer Allerton sold 7,000 shares, and EVP Mark Kidd sold 6,000 shares — raises governance/near-term sentiment concerns for some investors. Insider Selling Alerts

Iron Mountain Company Profile

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.