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 the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $91.05, for a total transaction of $546,300.00. Following the sale, the executive vice president directly owned 79,081 shares of the company’s stock, valued at $7,200,325.05. The trade was a 7.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, July 1st, Mark Kidd sold 6,000 shares of Iron Mountain stock. The stock was sold at an average price of $102.02, for a total transaction of $612,120.00.

Iron Mountain Trading Up 0.2%

NYSE IRM opened at $89.67 on Thursday. The company has a fifty day simple moving average of $95.78 and a two-hundred day simple moving average of $93.27. The stock has a market cap of $26.48 billion, a P/E ratio of 640.55 and a beta of 1.08. Iron Mountain Incorporated has a 12-month low of $72.33 and a 12-month high of $130.24.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.05. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Iron Mountain had a net margin of 0.66% and a negative return on equity of 146.80%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the company posted $1.08 earnings per share. As a group, sell-side analysts forecast that Iron Mountain Incorporated will post 4.54 earnings per share for the current year.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Monday, September 15th will be issued a $0.785 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.5%. Iron Mountain’s dividend payout ratio (DPR) is currently 2,242.86%.

Analyst Ratings Changes

A number of research firms have issued reports on IRM. JPMorgan Chase & Co. decreased their price target on shares of Iron Mountain from $112.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, August 7th. Barclays raised their price target on shares of Iron Mountain from $121.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. Based on data from MarketBeat.com, Iron Mountain presently has a consensus rating of “Buy” and an average target price of $120.17.

Institutional Trading of Iron Mountain

A number of hedge funds and other institutional investors have recently made changes to their positions in IRM. Cranbrook Wealth Management LLC acquired a new stake in Iron Mountain during the first quarter valued at $26,000. Financial Network Wealth Advisors LLC acquired a new stake in Iron Mountain during the first quarter valued at $26,000. Golden State Wealth Management LLC acquired a new stake in Iron Mountain during the first quarter valued at $30,000. Ramirez Asset Management Inc. acquired a new stake in Iron Mountain during the first quarter valued at $34,000. Finally, Wayfinding Financial LLC acquired a new stake in Iron Mountain during the first quarter valued at $37,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

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.