Iron Mountain Incorporated (IRM) EVP John Tomovcsik Sells 21,037 Shares of Stock

Iron Mountain Incorporated (NYSE:IRM) EVP John Tomovcsik sold 21,037 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $40.02, for a total value of $841,900.74. Following the completion of the transaction, the executive vice president now owns 62,379 shares of the company’s stock, valued at $2,496,407.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

John Tomovcsik also recently made the following trade(s):

  • On Wednesday, August 9th, John Tomovcsik sold 29,450 shares of Iron Mountain stock. The shares were sold at an average price of $38.00, for a total value of $1,119,100.00.

Iron Mountain Incorporated (IRM) opened at 40.14 on Wednesday. The firm has a market capitalization of $10.61 billion, a P/E ratio of 55.06 and a beta of 0.92. Iron Mountain Incorporated has a one year low of $30.75 and a one year high of $40.44. The firm has a 50-day moving average price of $37.71 and a 200 day moving average price of $35.66.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The business had revenue of $950.00 million during the quarter, compared to the consensus estimate of $955.05 million. Iron Mountain had a net margin of 5.14% and a return on equity of 14.46%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 EPS. Equities research analysts anticipate that Iron Mountain Incorporated will post $1.18 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a $0.55 dividend. The ex-dividend date is Thursday, September 14th. This represents a $2.20 annualized dividend and a dividend yield of 5.48%. Iron Mountain’s dividend payout ratio (DPR) is presently 297.30%.

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Several research analysts have weighed in on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $40.00 price target on shares of Iron Mountain in a report on Sunday, September 3rd. Robert W. Baird set a $39.00 price target on Iron Mountain and gave the company a “hold” rating in a report on Friday, August 25th. BidaskClub upgraded Iron Mountain from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Zacks Investment Research upgraded Iron Mountain from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Deutsche Bank AG downgraded Iron Mountain from a “hold” rating to a “sell” rating and cut their price target for the company from $41.00 to $30.00 in a report on Wednesday, June 7th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $36.50.

Several large investors have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Iron Mountain by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,249 shares of the financial services provider’s stock valued at $627,000 after acquiring an additional 56 shares in the last quarter. Anchor Capital Advisors LLC lifted its position in shares of Iron Mountain by 0.9% in the 1st quarter. Anchor Capital Advisors LLC now owns 11,610 shares of the financial services provider’s stock valued at $414,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Iron Mountain by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,200 shares of the financial services provider’s stock valued at $522,000 after acquiring an additional 100 shares in the last quarter. Trust Investment Advisors lifted its position in shares of Iron Mountain by 0.3% in the 2nd quarter. Trust Investment Advisors now owns 37,090 shares of the financial services provider’s stock valued at $1,274,000 after acquiring an additional 115 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Iron Mountain by 3.4% in the 1st quarter. Pacer Advisors Inc. now owns 3,663 shares of the financial services provider’s stock valued at $131,000 after acquiring an additional 121 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

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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