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

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

Iron Mountain Stock Performance

Shares of IRM opened at $76.80 on Tuesday. Iron Mountain Incorporated has a 12 month low of $52.81 and a 12 month high of $82.19. The firm has a fifty day simple moving average of $78.13 and a 200 day simple moving average of $69.99. The stock has a market capitalization of $22.51 billion, a price-to-earnings ratio of 116.37, a PEG ratio of 4.51 and a beta of 0.96. 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 (NYSE:IRM) last posted 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). Iron Mountain had a return on equity of 282.93% and a net margin of 5.45%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the company posted $0.98 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. Research analysts forecast that Iron Mountain Incorporated will post 4.18 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 17th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.39%. The ex-dividend date is Monday, June 17th. Iron Mountain’s dividend payout ratio (DPR) is currently 393.95%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. TheStreet cut shares of Iron Mountain from a “b” rating to a “c” rating in a report on Thursday, February 22nd. Stifel Nicolaus upped their price target on shares of Iron Mountain from $65.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Wells Fargo & Company increased their target price on shares of Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Finally, Barclays increased their target price on shares of Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $73.80.

Institutional Trading of Iron Mountain

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cohen & Steers Inc. raised its position in Iron Mountain by 202.1% during the fourth quarter. Cohen & Steers Inc. now owns 22,475,614 shares of the financial services provider’s stock worth $1,572,936,000 after acquiring an additional 15,035,937 shares in the last quarter. Deutsche Bank AG raised its position in shares of Iron Mountain by 0.7% in the third quarter. Deutsche Bank AG now owns 4,571,545 shares of the financial services provider’s stock valued at $271,778,000 after purchasing an additional 29,683 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Iron Mountain by 11.6% in the first quarter. Daiwa Securities Group Inc. now owns 4,562,165 shares of the financial services provider’s stock valued at $365,931,000 after purchasing an additional 475,849 shares during the period. Northern Trust Corp raised its position in shares of Iron Mountain by 1.2% in the third quarter. Northern Trust Corp now owns 3,913,828 shares of the financial services provider’s stock valued at $232,677,000 after purchasing an additional 47,902 shares during the period. Finally, Norges Bank bought a new position in shares of Iron Mountain in the fourth quarter valued at about $228,391,000. 80.13% of the stock is owned by institutional investors.

About Iron Mountain

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.