Iron Mountain Incorporated (NYSE:IRM) COO Sells $3,114,055.84 in Stock

Iron Mountain Incorporated (NYSE:IRM) COO John Tomovcsik sold 35,084 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $88.76, for a total transaction of $3,114,055.84. Following the transaction, the chief operating officer now owns 20,366 shares of the company’s stock, valued at $1,807,686.16. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Iron Mountain Price Performance

Iron Mountain stock opened at $88.45 on Thursday. Iron Mountain Incorporated has a 1 year low of $54.62 and a 1 year high of $89.91. The firm has a 50 day moving average price of $81.67 and a 200 day moving average price of $75.66. The company has a market cap of $25.93 billion, a price-to-earnings ratio of 134.02, a PEG ratio of 5.25 and a beta of 0.95. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.86 and a current ratio of 0.86.

Iron Mountain Announces Dividend

The business also recently announced 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 2.94%. Iron Mountain’s payout ratio is 393.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company lifted their price target 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. Barclays lifted their price target 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 research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Iron Mountain currently has an average rating of “Moderate Buy” and an average price target of $73.80.

Institutional Investors Weigh In On Iron Mountain

A number of institutional investors have recently bought and sold shares of IRM. Envestnet Portfolio Solutions Inc. purchased a new stake in Iron Mountain in the third quarter valued at approximately $761,000. Acadian Asset Management LLC lifted its position in Iron Mountain by 14.2% during the third quarter. Acadian Asset Management LLC now owns 60,030 shares of the financial services provider’s stock valued at $3,566,000 after buying an additional 7,445 shares in the last quarter. LPL Financial LLC lifted its position in Iron Mountain by 0.5% during the third quarter. LPL Financial LLC now owns 473,604 shares of the financial services provider’s stock valued at $28,156,000 after buying an additional 2,338 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Iron Mountain during the third quarter valued at approximately $178,000. Finally, Federated Hermes Inc. lifted its position in Iron Mountain by 10.0% during the third quarter. Federated Hermes Inc. now owns 4,420 shares of the financial services provider’s stock valued at $263,000 after buying an additional 403 shares in the last quarter. 80.13% of the stock is currently owned by hedge funds and other 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.