Iron Mountain Incorporated (NYSE:IRM) EVP Mithu Bhargava Sells 8,263 Shares

Iron Mountain Incorporated (NYSE:IRMGet Free Report) EVP Mithu Bhargava sold 8,263 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $104.49, for a total transaction of $863,400.87. Following the completion of the transaction, the executive vice president now directly owns 13,054 shares of the company’s stock, valued at $1,364,012.46. This trade represents a 38.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Iron Mountain Trading Down 1.0 %

Shares of NYSE IRM opened at $104.72 on Friday. Iron Mountain Incorporated has a fifty-two week low of $64.68 and a fifty-two week high of $130.24. The firm has a market capitalization of $30.73 billion, a P/E ratio of 290.90, a P/E/G ratio of 6.77 and a beta of 0.98. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.75 and a quick ratio of 0.75. The company’s 50 day simple moving average is $117.10 and its 200 day simple moving average is $110.09.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be given a $0.715 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.86 annualized dividend and a dividend yield of 2.73%. Iron Mountain’s dividend payout ratio is currently 794.44%.

Institutional Investors Weigh In On Iron Mountain

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IRM. Ashton Thomas Securities LLC acquired a new position in shares of Iron Mountain during the 3rd quarter worth about $31,000. West Branch Capital LLC acquired a new position in Iron Mountain during the third quarter valued at approximately $33,000. Teachers Insurance & Annuity Association of America acquired a new position in Iron Mountain during the third quarter valued at approximately $36,000. Dunhill Financial LLC raised its holdings in Iron Mountain by 50.5% in the third quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 152 shares during the period. Finally, Quarry LP boosted its position in shares of Iron Mountain by 86.5% during the third quarter. Quarry LP now owns 496 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 230 shares in the last quarter. Institutional investors own 80.13% of the company’s stock.

Analysts Set New Price Targets

IRM has been the subject of a number of analyst reports. Barclays cut their price objective on Iron Mountain from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Wells Fargo & Company increased their price target on Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Stifel Nicolaus increased their target price on Iron Mountain from $117.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. BNP Paribas upgraded shares of Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada boosted their target price on shares of Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Iron Mountain currently has an average rating of “Buy” and a consensus target price of $131.00.

Check Out Our Latest Analysis on Iron Mountain

Iron Mountain Company Profile

(Get Free Report)

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.

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

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