Insider Selling: Iron Mountain Incorporated (NYSE:IRM) CEO Sells $546,994.42 in Stock

Iron Mountain Incorporated (NYSE:IRMGet Rating) CEO William L. Meaney sold 10,507 shares of the stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $52.06, for a total transaction of $546,994.42. Following the completion of the transaction, the chief executive officer now owns 295,650 shares of the company’s stock, valued at approximately $15,391,539. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Iron Mountain Stock Performance

Shares of NYSE:IRM opened at $52.30 on Friday. The company has a market capitalization of $15.20 billion, a price-to-earnings ratio of 30.95, a P/E/G ratio of 3.62 and a beta of 0.84. The firm’s 50 day simple moving average is $48.94 and its 200 day simple moving average is $50.21. The company has a debt-to-equity ratio of 19.16, a current ratio of 0.90 and a quick ratio of 0.90. Iron Mountain Incorporated has a fifty-two week low of $41.67 and a fifty-two week high of $58.61.

Iron Mountain Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Thursday, December 15th will be given a $0.618 dividend. The ex-dividend date is Wednesday, December 14th. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.73%. Iron Mountain’s dividend payout ratio is 146.15%.

Analyst Ratings Changes

IRM has been the topic of several analyst reports. initiated coverage on shares of Iron Mountain in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Evercore ISI reduced their target price on shares of Iron Mountain to $60.00 in a research note on Tuesday.

Institutional Trading of Iron Mountain

A number of hedge funds have recently modified their holdings of IRM. Trust Co. of Vermont acquired a new stake in shares of Iron Mountain in the 2nd quarter valued at approximately $25,000. GHP Investment Advisors Inc. acquired a new stake in Iron Mountain during the 1st quarter worth approximately $26,000. SJS Investment Consulting Inc. acquired a new stake in Iron Mountain during the 1st quarter worth approximately $28,000. Hazlett Burt & Watson Inc. acquired a new stake in Iron Mountain during the 1st quarter worth approximately $28,000. Finally, Lindbrook Capital LLC raised its holdings in Iron Mountain by 63.1% during the 2nd quarter. Lindbrook Capital LLC now owns 597 shares of the financial services provider’s stock worth $29,000 after buying an additional 231 shares during the period. 76.80% of the stock is currently owned by institutional investors and hedge funds.

About Iron Mountain

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Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 90 million square feet across approximately 1,450 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts.

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

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