Iron Mountain Incorporated (NYSE:IRM - Get Free Report) EVP Mark Kidd sold 6,000 shares of the company's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $107.27, for a total value of $643,620.00. Following the completion of the transaction, the executive vice president owned 131,507 shares in the company, valued at $14,106,755.89. This represents a 4.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Mark Kidd also recently made the following trade(s):
- On Friday, January 2nd, Mark Kidd sold 6,000 shares of Iron Mountain stock. The stock was sold at an average price of $83.10, for a total transaction of $498,600.00.
Iron Mountain Stock Performance
Iron Mountain stock opened at $107.56 on Wednesday. Iron Mountain Incorporated has a twelve month low of $72.33 and a twelve month high of $115.24. The firm has a market cap of $31.82 billion, a PE ratio of 224.08 and a beta of 1.13. The firm's 50 day moving average price is $95.29 and its two-hundred day moving average price is $95.05.
Iron Mountain Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Monday, March 16th will be paid a $0.864 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.2%. Iron Mountain's dividend payout ratio is 720.83%.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on IRM shares. JPMorgan Chase & Co. boosted their target price on Iron Mountain from $100.00 to $111.00 and gave the company an "overweight" rating in a research note on Thursday, November 6th. Weiss Ratings reissued a "hold (c)" rating on shares of Iron Mountain in a research note on Thursday, January 22nd. Finally, Barclays increased their price objective on Iron Mountain from $126.00 to $127.00 and gave the stock an "overweight" rating in a report on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $113.25.
Read Our Latest Report on IRM
Institutional Trading of Iron Mountain
Large investors have recently made changes to their positions in the stock. Garton & Associates Financial Advisors LLC bought a new position in shares of Iron Mountain in the 4th quarter valued at approximately $25,000. Quent Capital LLC acquired a new position in Iron Mountain during the third quarter valued at approximately $27,000. Beaird Harris Wealth Management LLC grew its holdings in Iron Mountain by 17,500.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 350 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of Iron Mountain in the third quarter valued at approximately $32,000. Finally, DV Equities LLC acquired a new stake in shares of Iron Mountain in the fourth quarter worth $34,000. Institutional investors own 80.13% of the company's stock.
Iron Mountain Company Profile
(
Get Free Report)
Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.
Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers' digital transformation.
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