Iron Mountain Incorporated (NYSE:IRM) SVP Edward Bicks sold 401 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $39.50, for a total value of $15,839.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Iron Mountain Incorporated (NYSE IRM) traded up 0.05% during mid-day trading on Friday, hitting $39.44. The stock had a trading volume of 901,842 shares. Iron Mountain Incorporated has a 12-month low of $30.75 and a 12-month high of $39.75. The stock’s 50-day moving average price is $36.78 and its 200-day moving average price is $35.58. The stock has a market capitalization of $10.43 billion, a price-to-earnings ratio of 54.10 and a beta of 0.94.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. Iron Mountain had a net margin of 5.14% and a return on equity of 14.46%. The company had revenue of $950 million during the quarter, compared to analyst estimates of $955.05 million. During the same quarter in the previous year, the business earned $0.24 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. On average, equities analysts anticipate that Iron Mountain Incorporated will post $1.18 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 5.58%. The ex-dividend date is Thursday, September 14th. Iron Mountain’s dividend payout ratio (DPR) is 297.30%.

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Several institutional investors have recently made changes to their positions in IRM. JPMorgan Chase & Co. raised its position in shares of Iron Mountain by 180.0% in the first quarter. JPMorgan Chase & Co. now owns 1,490,008 shares of the financial services provider’s stock valued at $53,149,000 after buying an additional 957,896 shares during the period. Clinton Group Inc. purchased a new position in shares of Iron Mountain during the first quarter valued at about $1,477,000. LS Investment Advisors LLC raised its position in shares of Iron Mountain by 12.9% in the first quarter. LS Investment Advisors LLC now owns 10,085 shares of the financial services provider’s stock valued at $360,000 after buying an additional 1,156 shares during the period. Webster Bank N. A. raised its position in shares of Iron Mountain by 57.4% in the second quarter. Webster Bank N. A. now owns 31,661 shares of the financial services provider’s stock valued at $1,088,000 after buying an additional 11,548 shares during the period. Finally, Glen Harbor Capital Management LLC raised its position in shares of Iron Mountain by 5.0% in the first quarter. Glen Harbor Capital Management LLC now owns 16,368 shares of the financial services provider’s stock valued at $584,000 after buying an additional 784 shares during the period. 87.47% of the stock is owned by institutional investors.

Several research firms have recently weighed in on IRM. Robert W. Baird set a $39.00 price objective on Iron Mountain and gave the stock a “hold” rating in a research note on Friday, August 25th. Zacks Investment Research raised Iron Mountain from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub raised Iron Mountain from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Stifel Nicolaus reissued a “buy” rating and set a $40.00 price objective on shares of Iron Mountain in a research note on Friday, June 9th. Finally, Deutsche Bank AG cut Iron Mountain from a “hold” rating to a “sell” rating and decreased their target price for the stock from $41.00 to $30.00 in a research report on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $36.50.

About Iron Mountain

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.

Insider Buying and Selling by Quarter for Iron Mountain (NYSE:IRM)

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