Iron Mountain Incorporated (NYSE:IRM - Get Free Report) CEO William L. Meaney sold 15,875 shares of the business's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $76.68, for a total value of $1,217,295.00. Following the completion of the sale, the chief executive officer now owns 295,650 shares in the company, valued at $22,670,442. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Iron Mountain Stock Performance
Shares of IRM stock opened at $75.15 on Thursday. The company has a debt-to-equity ratio of 55.78, a quick ratio of 0.78 and a current ratio of 0.78. Iron Mountain Incorporated has a fifty-two week low of $52.05 and a fifty-two week high of $82.19. The stock has a 50 day moving average price of $76.31 and a two-hundred day moving average price of $68.47. The company has a market capitalization of $21.96 billion, a P/E ratio of 119.29, a PEG ratio of 4.49 and a beta of 0.94.
Iron Mountain (NYSE:IRM - Get Free Report) last announced its earnings results on Thursday, February 22nd. The financial services provider reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $1.00 by ($0.48). The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.45 billion. Iron Mountain had a net margin of 5.44% and a return on equity of 178.02%. Iron Mountain's revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 EPS. Analysts expect that Iron Mountain Incorporated will post 4.16 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.46%. Iron Mountain's dividend payout ratio is presently 412.70%.
Wall Street Analysts Forecast Growth
IRM has been the topic of several analyst reports. Stifel Nicolaus upped their price target on Iron Mountain from $65.00 to $76.00 and gave the company a "buy" rating in a research report on Tuesday, January 23rd. TheStreet lowered Iron Mountain from a "b" rating to a "c" rating in a report on Thursday, February 22nd. Barclays boosted their price objective on Iron Mountain from $79.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 5th. Finally, Wells Fargo & Company upped their target price on Iron Mountain from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Friday, March 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $73.80.
Read Our Latest Research Report on Iron Mountain
Hedge Funds Weigh In On Iron Mountain
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Chesley Taft & Associates LLC raised its holdings in shares of Iron Mountain by 1.0% during the first quarter. Chesley Taft & Associates LLC now owns 14,650 shares of the financial services provider's stock valued at $1,175,000 after acquiring an additional 150 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Iron Mountain by 1.7% in the fourth quarter. Global Retirement Partners LLC now owns 9,216 shares of the financial services provider's stock worth $612,000 after purchasing an additional 156 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in Iron Mountain by 17.1% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,171 shares of the financial services provider's stock worth $82,000 after purchasing an additional 171 shares in the last quarter. J.W. Cole Advisors Inc. raised its holdings in Iron Mountain by 2.8% in the third quarter. J.W. Cole Advisors Inc. now owns 6,429 shares of the financial services provider's stock worth $382,000 after purchasing an additional 177 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in Iron Mountain by 4.0% in the fourth quarter. Federated Hermes Inc. now owns 4,599 shares of the financial services provider's stock worth $322,000 after purchasing an additional 179 shares in the last quarter. Institutional investors own 80.13% of the company's stock.
About Iron Mountain
(
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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