Jennifer Allerton Sells 7,000 Shares of Iron Mountain (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRM) Director Jennifer Allerton sold 7,000 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $108.88, for a total transaction of $762,160.00. Following the transaction, the director owned 11,541 shares in the company, valued at $1,256,584.08. The trade was a 37.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Iron Mountain Trading Down 0.0%

NYSE:IRM opened at $107.77 on Thursday. Iron Mountain Incorporated has a 12 month low of $72.33 and a 12 month high of $115.24. The stock has a market capitalization of $31.88 billion, a price-to-earnings ratio of 224.52 and a beta of 1.13. The firm has a fifty day simple moving average of $95.83 and a two-hundred day simple moving average of $95.14.

Iron Mountain Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Monday, March 16th will be given a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, March 16th. Iron Mountain’s payout ratio is presently 720.83%.

Hedge Funds Weigh In On Iron Mountain

Several large investors have recently bought and sold shares of IRM. SHP Wealth Management bought a new stake in shares of Iron Mountain in the 4th quarter worth $145,000. CFO Capital Management LLC purchased a new position in Iron Mountain during the fourth quarter worth about $418,000. BDFS Capital LLC bought a new stake in Iron Mountain in the 4th quarter worth about $340,000. Beaird Harris Wealth Management LLC increased its stake in Iron Mountain by 17,500.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock valued at $29,000 after buying an additional 350 shares during the last quarter. Finally, Compound Planning Inc. lifted its position in shares of Iron Mountain by 121.7% during the 4th quarter. Compound Planning Inc. now owns 9,018 shares of the financial services provider’s stock worth $748,000 after buying an additional 4,950 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

IRM has been the subject of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a report on Thursday, January 22nd. Loop Capital set a $130.00 price target on shares of Iron Mountain in a research report on Wednesday. Barclays boosted 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of Iron Mountain from $100.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $116.60.

Iron Mountain News Roundup

Here are the key news stories impacting Iron Mountain this week:

• Positive Sentiment: Company declared a quarterly dividend of $0.864 (annualized $3.46), with an ex-dividend/record cadence set in March; several analysts have raised targets and given overweight/buy ratings — supportive for income/valuation narratives. MarketBeat IRM Company Page
• Positive Sentiment: Benzinga highlights that a $100 investment in IRM five years ago produced meaningful returns, underscoring multi-year total-return strength that can attract long-term investors. $100 Invested In Iron Mountain 5 Years Ago
• Neutral Sentiment: Iron Mountain presented at the Morgan Stanley Technology, Media & Telecom conference; the transcript may contain useful color on strategy, digital services and growth priorities but contains no headline surprises that move the stock on its own. Conference Presentation Transcript
• Negative Sentiment: Significant insider selling reported in early March: CEO William L. Meaney sold ~137,133 shares (~$15M), director Jennifer Allerton sold 7,000 shares, and EVP Mark Kidd sold 6,000 shares — raises governance/near-term sentiment concerns for some investors. Insider Selling Alerts

Iron Mountain Company Profile

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.