Iron Mountain Incorporated (NYSE:IRM) VP Theodore Maclean sold 1,500 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $40.60, for a total transaction of $60,900.00. Following the transaction, the vice president now owns 8,679 shares in the company, valued at approximately $352,367.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Theodore Maclean also recently made the following trade(s):

  • On Monday, October 9th, Theodore Maclean sold 1,500 shares of Iron Mountain stock. The shares were sold at an average price of $38.13, for a total transaction of $57,195.00.

Iron Mountain Incorporated (NYSE IRM) opened at $41.00 on Wednesday. The company has a debt-to-equity ratio of 3.59, a quick ratio of 1.08 and a current ratio of 1.08. Iron Mountain Incorporated has a 1 year low of $31.29 and a 1 year high of $41.18. The stock has a market cap of $10,941.75, a price-to-earnings ratio of 19.71, a P/E/G ratio of 6.39 and a beta of 1.02.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02. Iron Mountain had a net margin of 5.54% and a return on equity of 15.49%. The firm had revenue of $966.00 million for the quarter, compared to the consensus estimate of $960.99 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. research analysts expect that Iron Mountain Incorporated will post 2.14 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be issued a dividend of $0.5875 per share. This is an increase from Iron Mountain’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, December 14th. This represents a $2.35 annualized dividend and a yield of 5.73%. Iron Mountain’s dividend payout ratio is presently 275.00%.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Iron Mountain by 0.3% during the second quarter. Vanguard Group Inc. now owns 43,398,710 shares of the financial services provider’s stock worth $1,491,180,000 after buying an additional 151,039 shares during the last quarter. BlackRock Inc. raised its holdings in Iron Mountain by 5.0% during the second 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. Capital International Investors raised its holdings in Iron Mountain by 2.6% during the third quarter. Capital International Investors now owns 12,811,172 shares of the financial services provider’s stock worth $498,355,000 after buying an additional 324,000 shares during the last quarter. Parnassus Investments CA raised its holdings in Iron Mountain by 1.0% during the third quarter. Parnassus Investments CA now owns 12,497,627 shares of the financial services provider’s stock worth $486,158,000 after buying an additional 122,980 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Iron Mountain by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 3,610,830 shares of the financial services provider’s stock worth $140,460,000 after buying an additional 80,395 shares during the last quarter. Hedge funds and other institutional investors own 87.58% of the company’s stock.

A number of research analysts recently issued reports on the stock. ValuEngine upgraded shares of Iron Mountain from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research upgraded shares of Iron Mountain from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Robert W. Baird boosted their target price on shares of Iron Mountain from $39.00 to $43.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Stifel Nicolaus reiterated a “buy” rating and set a $43.00 target price (up previously from $40.00) on shares of Iron Mountain in a research report on Friday, October 20th. Finally, Evercore ISI assumed 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $41.20.

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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