Insider Selling: Iron Mountain Incorporated (IRM) SVP Sells 1,880 Shares of Stock
Iron Mountain Incorporated (NYSE:IRM) SVP Edward Bicks sold 1,880 shares of Iron Mountain stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $41.50, for a total transaction of $78,020.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Edward Bicks also recently made the following trade(s):
- On Friday, September 22nd, Edward Bicks sold 513 shares of Iron Mountain stock. The shares were sold at an average price of $40.50, for a total transaction of $20,776.50.
- On Wednesday, August 30th, Edward Bicks sold 401 shares of Iron Mountain stock. The shares were sold at an average price of $39.50, for a total transaction of $15,839.50.
Shares of Iron Mountain Incorporated (NYSE:IRM) traded down $0.21 during midday trading on Friday, hitting $41.14. 980,200 shares of the company’s stock traded hands, compared to its average volume of 1,225,399. The stock has a market cap of $10,981.79, a price-to-earnings ratio of 19.78, a P/E/G ratio of 6.42 and a beta of 1.02. Iron Mountain Incorporated has a 52 week low of $31.39 and a 52 week high of $41.53. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.59.
Iron Mountain (NYSE:IRM) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. The company had revenue of $966.00 million for the quarter, compared to analyst estimates of $960.99 million. Iron Mountain had a net margin of 5.54% and a return on equity of 15.49%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 EPS. equities research analysts forecast that Iron Mountain Incorporated will post 2.14 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be paid a dividend of $0.5875 per share. This represents a $2.35 annualized dividend and a dividend yield of 5.71%. The ex-dividend date is Thursday, December 14th. This is an increase from Iron Mountain’s previous quarterly dividend of $0.55. Iron Mountain’s payout ratio is 275.00%.
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Several large investors have recently added to or reduced their stakes in IRM. BlackRock Inc. raised its stake in shares of Iron Mountain by 5.0% during the 2nd quarter. BlackRock Inc. now owns 18,924,442 shares of the financial services provider’s stock worth $650,244,000 after buying an additional 896,751 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Iron Mountain by 25.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,579,236 shares of the financial services provider’s stock valued at $139,231,000 after purchasing an additional 720,270 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in Iron Mountain by 89.2% in the 3rd quarter. Pictet Asset Management Ltd. now owns 1,462,729 shares of the financial services provider’s stock valued at $56,900,000 after purchasing an additional 689,800 shares during the last quarter. Athos Capital Ltd raised its stake in Iron Mountain by 7,231.4% in the 3rd quarter. Athos Capital Ltd now owns 675,958 shares of the financial services provider’s stock valued at $9,112,000 after purchasing an additional 666,738 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Iron Mountain by 40.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,282,533 shares of the financial services provider’s stock valued at $88,518,000 after purchasing an additional 652,239 shares during the last quarter. 88.58% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Iron Mountain from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Evercore ISI started coverage on shares of Iron Mountain in a research report on Wednesday, October 18th. They set an “outperform” rating and a $46.00 target price on the stock. Stifel Nicolaus restated a “buy” rating and set a $40.00 target price on shares of Iron Mountain in a research report on Sunday, September 3rd. BidaskClub lowered shares of Iron Mountain from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Robert W. Baird set a $39.00 target price on shares of Iron Mountain and gave the stock a “hold” rating in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $41.20.
Iron Mountain Company Profile
Iron Mountain Incorporated (Iron Mountain) is engaged in storing records, primarily paper documents and data backup media, and provide information management services. The Company offers records management services, data protection and recovery services and information destruction services. Its information management services are divided into three categories: records management services, data protection and recovery services, and information destruction services.
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