Key Points
- Iron Mountain CEO William Meaney sold 38,474 shares on April 1 under a pre‑arranged Rule 10b5‑1 plan at an average price of $102.71, totaling about $3.95 million and reducing his position by 50%.
- The company declared a quarterly dividend of $0.864 per share (annualized $3.46), implying a ~3.3% yield, though the reported payout ratio is an unusually high 720.83%.
- Analysts have a consensus rating of “Moderate Buy” with a $116.60 price target; the stock trades near $103 with a market cap of roughly $30.8 billion and recent price‑target upgrades from firms including Barclays.
Iron Mountain Incorporated (NYSE:IRM - Get Free Report) EVP Mark Kidd sold 6,000 shares of the business's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $102.71, for a total transaction of $616,260.00. Following the sale, the executive vice president directly owned 125,507 shares in the company, valued at $12,890,823.97. This trade represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mark Kidd also recently made the following trade(s):
- On Monday, March 2nd, Mark Kidd sold 6,000 shares of Iron Mountain stock. The shares were sold at an average price of $107.27, for a total value of $643,620.00.
- 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 value of $498,600.00.
Iron Mountain Trading Up 2.4%
IRM opened at $103.36 on Friday. The stock's fifty day simple moving average is $102.49 and its 200 day simple moving average is $96.74. Iron Mountain Incorporated has a 1-year low of $72.33 and a 1-year high of $115.24. The stock has a market cap of $30.75 billion, a PE ratio of 215.34 and a beta of 1.13.
Iron Mountain Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Monday, March 16th will be given a $0.864 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.46 annualized dividend and a dividend yield of 3.3%. Iron Mountain's dividend payout ratio is presently 720.83%.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Iron Mountain by 0.4% in the third quarter. Vanguard Group Inc. now owns 47,253,100 shares of the financial services provider's stock valued at $4,816,981,000 after acquiring an additional 188,213 shares during the period. Cohen & Steers Inc. increased its position in Iron Mountain by 20.0% during the fourth quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider's stock worth $1,568,110,000 after acquiring an additional 3,155,034 shares during the period. State Street Corp raised its stake in 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 worth $1,759,494,000 after purchasing an additional 322,144 shares in the last quarter. Geode Capital Management LLC boosted its holdings in 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 purchasing an additional 102,073 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Iron Mountain by 18.1% during the third quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider's stock worth $516,481,000 after purchasing an additional 776,933 shares during the period. Institutional investors own 80.13% of the company's stock.
Analysts Set New Price Targets
IRM has been the subject of several research analyst reports. Barclays lifted their target price on shares of Iron Mountain from $126.00 to $127.00 and gave the stock an "overweight" rating in a report on Monday, February 23rd. Loop Capital set a $130.00 price target on shares of Iron Mountain in a report on Wednesday, March 4th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Iron Mountain in a report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $116.60.
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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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