Key Points
- Iron Mountain CEO William Meaney sold 98,657 shares on March 5 at an average price of $106.25, totaling $10,482,306.25, according to an SEC filing.
- The company declared a quarterly dividend of $0.864 per share (annualized $3.46, yield 3.2%) payable April 3 with record/ex-dividend date March 16, while the dividend payout ratio is an elevated 720.83%.
- Analysts rate IRM a "Moderate Buy" with an average price target of $116.60, and several firms have recently raised targets into the $126–$130 range.
Iron Mountain Incorporated (NYSE:IRM - Get Free Report) CEO William Meaney sold 98,657 shares of the business's stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $106.25, for a total transaction of $10,482,306.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Iron Mountain Stock Up 1.8%
Shares of IRM stock opened at $107.04 on Tuesday. The company has a 50 day moving average of $97.32 and a 200-day moving average of $95.49. Iron Mountain Incorporated has a 12-month low of $72.33 and a 12-month high of $115.24. The firm has a market cap of $31.67 billion, a P/E ratio of 223.00 and a beta of 1.13.
Iron Mountain Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Monday, March 16th will be issued a dividend of $0.864 per share. This represents a $3.46 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, March 16th. Iron Mountain's dividend payout ratio is 720.83%.
Analyst Ratings Changes
IRM has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Iron Mountain in a research report on Thursday, January 22nd. Loop Capital set a $130.00 price objective on Iron Mountain in a report on Wednesday, March 4th. Finally, Barclays boosted their price objective on Iron Mountain from $126.00 to $127.00 and gave the company an "overweight" rating in a research note on Monday, February 23rd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Iron Mountain presently has an average rating of "Moderate Buy" and an average price target of $116.60.
Get Our Latest Stock Analysis on Iron Mountain
Institutional Investors Weigh In On Iron Mountain
A number of hedge funds and other institutional investors have recently bought and sold shares of IRM. Garton & Associates Financial Advisors LLC bought a new position in shares of Iron Mountain in the fourth quarter worth $25,000. Quent Capital LLC bought a new stake in shares of Iron Mountain during the 3rd quarter valued at $27,000. Beaird Harris Wealth Management LLC lifted its holdings in Iron Mountain by 17,500.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider's stock worth $29,000 after purchasing an additional 350 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in Iron Mountain during the 3rd quarter worth about $32,000. Finally, Bayban bought a new position in Iron Mountain in the 4th quarter worth about $33,000. Institutional investors own 80.13% of the company's stock.
About Iron Mountain
(
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.
Further Reading
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