Iron Mountain Incorporated (NYSE:IRM - Get Free Report) Director Wendy J. Murdock sold 1,500 shares of the business's stock in a transaction dated Friday, May 3rd. The stock was 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 directly owns 24,491 shares in the company, valued at $1,845,396.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Iron Mountain Trading Up 2.0 %
Shares of Iron Mountain stock opened at $76.80 on Tuesday. Iron Mountain Incorporated has a 52-week low of $52.81 and a 52-week high of $82.19. The stock's 50-day simple moving average is $78.13 and its 200 day simple moving average is $69.99. The stock has a market capitalization of $22.51 billion, a P/E ratio of 116.37, a P/E/G ratio of 4.51 and a beta of 0.96. 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 (NYSE:IRM - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.48). Iron Mountain had a net margin of 5.45% and a return on equity of 282.93%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. The company's quarterly revenue was up 11.0% on a year-over-year basis. As a group, research analysts anticipate that Iron Mountain Incorporated will post 4.18 EPS for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders 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 dividend yield of 3.39%. The ex-dividend date of this dividend is Monday, June 17th. Iron Mountain's dividend payout ratio is presently 393.95%.
Institutional Investors Weigh In On Iron Mountain
Several hedge funds and other institutional investors have recently modified their holdings of IRM. Cohen & Steers Inc. increased its position in shares of 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 valued at $1,572,936,000 after buying an additional 15,035,937 shares during the period. Norges Bank purchased a new position in shares of Iron Mountain during the fourth quarter worth about $228,391,000. Wellington Management Group LLP grew its holdings in shares of Iron Mountain by 315.2% during the third quarter. Wellington Management Group LLP now owns 3,012,260 shares of the financial services provider's stock worth $179,079,000 after purchasing an additional 2,286,711 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Iron Mountain by 60.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,086,316 shares of the financial services provider's stock worth $285,960,000 after purchasing an additional 1,546,592 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Iron Mountain by 214.7% during the third quarter. Ameriprise Financial Inc. now owns 1,727,813 shares of the financial services provider's stock worth $103,744,000 after purchasing an additional 1,178,754 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
IRM has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on shares of Iron Mountain from $65.00 to $76.00 and gave the stock a "buy" rating in a report on Tuesday, January 23rd. TheStreet downgraded shares of Iron Mountain from a "b" rating to a "c" rating in a report on Thursday, February 22nd. Barclays boosted 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. Finally, Wells Fargo & Company boosted their price objective on Iron Mountain from $80.00 to $90.00 and gave the company an "overweight" rating in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $73.80.
View Our Latest Research Report on Iron Mountain
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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