Iron Mountain Incorporated (NYSE:IRM) EVP Sells $1,217,009.43 in Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Greg W. Mcintosh sold 13,923 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $87.41, for a total transaction of $1,217,009.43. Following the transaction, the executive vice president now directly owns 18,107 shares of the company’s stock, valued at $1,582,732.87. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Iron Mountain Stock Performance

NYSE:IRM opened at $88.70 on Thursday. The stock has a market capitalization of $26.00 billion, a P/E ratio of 134.40, a price-to-earnings-growth ratio of 5.23 and a beta of 0.95. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 674.63. Iron Mountain Incorporated has a 1 year low of $53.74 and a 1 year high of $89.91. The firm has a 50 day moving average of $80.34 and a 200-day moving average of $74.86.

Iron Mountain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 17th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Monday, June 17th. Iron Mountain’s dividend payout ratio is currently 393.95%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on IRM. Wells Fargo & Company increased their price target on shares of Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Barclays increased their target price on Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Finally, TheStreet lowered Iron Mountain from a “b” rating to a “c” rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $73.80.

Institutional Trading of Iron Mountain

A number of hedge funds and other institutional investors have recently made changes to their positions in IRM. PNC Financial Services Group Inc. grew its holdings in Iron Mountain by 1.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 48,248 shares of the financial services provider’s stock worth $2,868,000 after acquiring an additional 557 shares during the last quarter. Rafferty Asset Management LLC grew its stake in shares of Iron Mountain by 5.1% during the third quarter. Rafferty Asset Management LLC now owns 32,607 shares of the financial services provider’s stock valued at $1,938,000 after purchasing an additional 1,568 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Iron Mountain in the third quarter valued at approximately $761,000. Invesco Ltd. raised its position in Iron Mountain by 49.7% in the 3rd quarter. Invesco Ltd. now owns 3,243,435 shares of the financial services provider’s stock worth $192,822,000 after purchasing an additional 1,077,339 shares during the last quarter. Finally, Pearl River Capital LLC acquired a new position in Iron Mountain during the 3rd quarter worth $367,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

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.