Iron Mountain Incorporated (NYSE:IRM - Get Free Report) EVP Mithu Bhargava sold 59,725 shares of Iron Mountain stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $104.62, for a total value of $6,248,429.50. Following the completion of the sale, the executive vice president directly owned 16,054 shares in the company, valued at $1,679,569.48. This represents a 78.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Iron Mountain Price Performance
IRM stock opened at $102.10 on Tuesday. The stock has a market capitalization of $30.20 billion, a P/E ratio of 212.71 and a beta of 1.13. Iron Mountain Incorporated has a fifty-two week low of $72.33 and a fifty-two week high of $115.24. The business has a 50-day moving average of $101.38 and a 200-day moving average of $96.49.
Iron Mountain Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Monday, March 16th will be given a dividend of $0.864 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.46 dividend on an annualized basis and a yield of 3.4%. Iron Mountain's dividend payout ratio is 720.83%.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Loop Capital set a $130.00 price objective on shares of Iron Mountain in a report on Wednesday, March 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Iron Mountain in a research report on Thursday, January 22nd. Finally, Barclays lifted their price target on shares of Iron Mountain from $126.00 to $127.00 and gave the company an "overweight" rating in a research note on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $116.60.
Get Our Latest Analysis on Iron Mountain
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Iron Mountain by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 47,253,100 shares of the financial services provider's stock worth $4,816,981,000 after purchasing an additional 188,213 shares during the last quarter. Cohen & Steers Inc. raised its stake in shares of Iron Mountain by 20.0% during the 4th quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider's stock worth $1,568,110,000 after purchasing an additional 3,155,034 shares in the last quarter. State Street Corp boosted its holdings in shares of Iron Mountain by 1.9% in the 3rd quarter. State Street Corp now owns 17,131,787 shares of the financial services provider's stock valued at $1,759,494,000 after buying an additional 322,144 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Iron Mountain by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 8,292,653 shares of the financial services provider's stock valued at $685,374,000 after buying an additional 102,073 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Iron Mountain by 18.1% in the third quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider's stock valued at $516,481,000 after buying an additional 776,933 shares in the last quarter. 80.13% of the stock is owned by institutional investors and hedge funds.
About Iron Mountain
(
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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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