Insider Selling: Iron Mountain Incorporated (NYSE:IRM) EVP Sells $26,218.75 in Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Deborah Marson sold 625 shares of Iron Mountain stock in a transaction that occurred on Wednesday, May 12th. The stock was sold at an average price of $41.95, for a total transaction of $26,218.75. Following the completion of the transaction, the executive vice president now directly owns 43,377 shares in the company, valued at $1,819,665.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Deborah Marson also recently made the following trade(s):

  • On Wednesday, April 14th, Deborah Marson sold 625 shares of Iron Mountain stock. The stock was sold at an average price of $37.76, for a total transaction of $23,600.00.

Shares of Iron Mountain stock opened at $42.50 on Monday. The firm has a market cap of $12.27 billion, a price-to-earnings ratio of 92.39, a P/E/G ratio of 6.40 and a beta of 0.79. The stock has a 50-day simple moving average of $38.97 and a 200-day simple moving average of $32.72. Iron Mountain Incorporated has a 52-week low of $22.18 and a 52-week high of $42.87. The company has a debt-to-equity ratio of 9.20, a current ratio of 0.60 and a quick ratio of 0.60.

Iron Mountain (NYSE:IRM) last posted its earnings results on Thursday, May 6th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.32). Iron Mountain had a net margin of 3.19% and a return on equity of 23.61%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm earned $0.27 earnings per share. Iron Mountain’s revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts predict that Iron Mountain Incorporated will post 2.28 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 6th. Shareholders of record on Tuesday, June 15th will be given a dividend of $0.618 per share. This represents a $2.47 annualized dividend and a yield of 5.82%. The ex-dividend date is Monday, June 14th. Iron Mountain’s payout ratio is 107.86%.

A number of research firms have recently issued reports on IRM. TheStreet upgraded Iron Mountain from a “c+” rating to a “b” rating in a report on Wednesday, February 24th. Credit Suisse Group raised their price objective on Iron Mountain from $16.00 to $18.00 and gave the stock an “underperform” rating in a research report on Wednesday, March 3rd. The Goldman Sachs Group upped their target price on Iron Mountain from $38.00 to $43.00 and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research raised shares of Iron Mountain from a “sell” rating to a “hold” rating and set a $37.00 price objective on the stock in a research report on Monday, March 1st. Finally, Wells Fargo & Company upped their price objective on shares of Iron Mountain from $32.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, February 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $34.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Schonfeld Strategic Advisors LLC acquired a new position in shares of Iron Mountain during the 3rd quarter valued at about $476,000. Louisiana State Employees Retirement System lifted its stake in shares of Iron Mountain by 22.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 17,900 shares of the financial services provider’s stock worth $528,000 after buying an additional 3,300 shares during the last quarter. Brookstone Capital Management boosted its holdings in shares of Iron Mountain by 7.6% during the 4th quarter. Brookstone Capital Management now owns 99,933 shares of the financial services provider’s stock worth $2,946,000 after buying an additional 7,049 shares during the period. Redpoint Investment Management Pty Ltd grew its stake in Iron Mountain by 6.5% in the 4th quarter. Redpoint Investment Management Pty Ltd now owns 10,197 shares of the financial services provider’s stock valued at $301,000 after buying an additional 621 shares during the last quarter. Finally, IFM Investors Pty Ltd raised its holdings in Iron Mountain by 18.5% in the 4th quarter. IFM Investors Pty Ltd now owns 28,679 shares of the financial services provider’s stock worth $845,000 after acquiring an additional 4,470 shares during the period. Institutional investors own 82.91% of the company’s stock.

Iron Mountain Company Profile

Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 90 million square feet across approximately 1,450 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts.

Further Reading: Cost of Debt

Insider Buying and Selling by Quarter for Iron Mountain (NYSE:IRM)

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