Iron Mountain Incorporated (NYSE:IRM) EVP Sells $120,620.00 in Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Deborah Marson sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $60.31, for a total value of $120,620.00. Following the completion of the transaction, the executive vice president now owns 54,026 shares in the company, valued at approximately $3,258,308.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Deborah Marson also recently made the following trade(s):

• On Thursday, October 5th, Deborah Marson sold 2,000 shares of Iron Mountain stock. The stock was sold at an average price of $57.68, for a total value of $115,360.00.

Iron Mountain Trading Up 0.6 %

Shares of IRM stock opened at $59.55 on Thursday. The company’s fifty day simple moving average is $60.73 and its two-hundred day simple moving average is $58.71. The company has a debt-to-equity ratio of 43.97, a current ratio of 0.81 and a quick ratio of 0.81. Iron Mountain Incorporated has a 1 year low of $48.92 and a 1 year high of $64.48. The stock has a market capitalization of $17.39 billion, a price-to-earnings ratio of 45.81, a PEG ratio of 3.81 and a beta of 0.90.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.65 per share. The ex-dividend date is Thursday, December 14th. This represents a $2.60 dividend on an annualized basis and a yield of 4.37%. Iron Mountain’s payout ratio is 200.00%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on IRM. Royal Bank of Canada upgraded Iron Mountain from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $58.00 to $68.00 in a research note on Monday, August 21st. StockNews.com assumed coverage on Iron Mountain in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Barclays upped their price objective on Iron Mountain from $64.00 to $69.00 and gave the company an “overweight” rating in a research note on Monday, August 7th. Finally, UBS Group assumed coverage on Iron Mountain in a research note on Tuesday. They issued a “sell” rating and a $44.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.40.

Institutional Investors Weigh In On Iron Mountain

Hedge funds and other institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC increased its holdings in shares of Iron Mountain by 15.1% in the first quarter. Acadian Asset Management LLC now owns 2,503 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 328 shares during the period. Panagora Asset Management Inc. increased its holdings in shares of Iron Mountain by 71.3% in the first quarter. Panagora Asset Management Inc. now owns 18,549 shares of the financial services provider’s stock worth $1,028,000 after purchasing an additional 7,719 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Iron Mountain by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,743 shares of the financial services provider’s stock worth $2,147,000 after purchasing an additional 2,399 shares during the period. APG Asset Management N.V. increased its holdings in shares of Iron Mountain by 13.0% in the first quarter. APG Asset Management N.V. now owns 18,205 shares of the financial services provider’s stock worth $907,000 after purchasing an additional 2,100 shares during the period. Finally, Raymond James Trust N.A. increased its holdings in shares of Iron Mountain by 52.8% in the first quarter. Raymond James Trust N.A. now owns 7,552 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 2,608 shares during the period. Institutional investors own 76.94% of the company’s stock.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global leader in innovative storage, data center infrastructure, asset lifecycle management and information management services. Founded in 1951 and trusted by more than 225,000 customers worldwide, Iron Mountain helps customers CLIMB HIGHER to transform their businesses.