Iron Mountain Incorporated (NYSE:IRM) Director Wendy J. Murdock Sells 1,500 Shares

Iron Mountain Incorporated (NYSE:IRM) Director Wendy J. Murdock sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $75.35, for a total value of $113,025.00. Following the sale, the director now owns 24,491 shares of the company’s stock, valued at approximately $1,845,396.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Iron Mountain Price Performance

Shares of NYSE:IRM traded up $1.48 during trading on Monday, hitting $76.80. 1,137,499 shares of the company were exchanged, compared to its average volume of 1,432,210. The business’s 50 day moving average is $78.13 and its 200-day moving average is $69.99. The company has a market capitalization of $22.51 billion, a P/E ratio of 114.12, a price-to-earnings-growth ratio of 4.51 and a beta of 0.96. 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 1-year low of $52.81 and a 1-year high of $82.19.

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

Iron Mountain Announces Dividend

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

Institutional Trading of Iron Mountain

Institutional investors and hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC grew its holdings in Iron Mountain by 5.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 198,302 shares of the financial services provider’s stock worth $11,789,000 after acquiring an additional 10,063 shares during the period. Raymond James & Associates grew its stake in Iron Mountain by 0.9% in the third quarter. Raymond James & Associates now owns 359,759 shares of the financial services provider’s stock valued at $21,388,000 after acquiring an additional 3,037 shares during the period. J.W. Cole Advisors Inc. increased its holdings in shares of Iron Mountain by 2.8% during the third quarter. J.W. Cole Advisors Inc. now owns 6,429 shares of the financial services provider’s stock valued at $382,000 after acquiring an additional 177 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Iron Mountain by 25.5% during the third quarter. Brown Advisory Inc. now owns 9,870 shares of the financial services provider’s stock worth $587,000 after purchasing an additional 2,005 shares during the period. Finally, Forsta AP Fonden lifted its holdings in shares of Iron Mountain by 3.5% in the 3rd quarter. Forsta AP Fonden now owns 64,300 shares of the financial services provider’s stock worth $3,823,000 after purchasing an additional 2,200 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on IRM shares. Barclays boosted their price objective on Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Wells Fargo & Company boosted their price objective on Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. TheStreet cut Iron Mountain from a “b” rating to a “c” rating in a report on Thursday, February 22nd. Finally, Stifel Nicolaus boosted their price objective on Iron Mountain from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Iron Mountain has a consensus rating of “Moderate Buy” and an average 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.