Iron Mountain Incorporated (NYSE:IRM - Get Free Report) CEO William L. Meaney sold 15,872 shares of Iron Mountain stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $112.99, for a total transaction of $1,793,377.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Iron Mountain Trading Down 0.2 %
NYSE IRM opened at $112.92 on Friday. Iron Mountain Incorporated has a 52 week low of $64.68 and a 52 week high of $130.24. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.75 and a current ratio of 0.75. The stock's 50 day moving average price is $120.31 and its two-hundred day moving average price is $108.06. The stock has a market capitalization of $33.14 billion, a price-to-earnings ratio of 313.68, a PEG ratio of 6.77 and a beta of 0.98.
Iron Mountain Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Monday, December 16th. Iron Mountain's payout ratio is 794.47%.
Analysts Set New Price Targets
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IRM has been the topic of several recent analyst reports. Royal Bank of Canada lifted their target price on Iron Mountain from $135.00 to $139.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. BNP Paribas upgraded Iron Mountain to a "strong-buy" rating in a report on Wednesday, November 6th. Barclays lowered their target price on Iron Mountain from $133.00 to $131.00 and set an "overweight" rating for the company in a research note on Monday, November 18th. Wells Fargo & Company lifted their price target on shares of Iron Mountain from $120.00 to $135.00 and gave the company an "overweight" rating in a research note on Thursday, October 17th. Finally, Stifel Nicolaus upped their price target on shares of Iron Mountain from $117.00 to $140.00 and gave the company a "buy" rating in a report on Monday, September 23rd. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Iron Mountain presently has an average rating of "Buy" and an average target price of $131.00.
View Our Latest Stock Report on Iron Mountain
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Iron Mountain by 537.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,170,550 shares of the financial services provider's stock worth $376,756,000 after purchasing an additional 2,672,821 shares during the last quarter. Legal & General Group Plc increased its holdings in Iron Mountain by 49.2% during the second quarter. Legal & General Group Plc now owns 3,899,276 shares of the financial services provider's stock worth $349,453,000 after buying an additional 1,286,694 shares during the last quarter. AGF Management Ltd. lifted its stake in Iron Mountain by 76.3% in the second quarter. AGF Management Ltd. now owns 2,245,393 shares of the financial services provider's stock valued at $201,232,000 after acquiring an additional 972,101 shares during the last quarter. Mizuho Securities USA LLC grew its position in shares of Iron Mountain by 2,193.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 518,501 shares of the financial services provider's stock valued at $61,613,000 after acquiring an additional 495,898 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of Iron Mountain by 12,953.4% during the 3rd quarter. International Assets Investment Management LLC now owns 448,644 shares of the financial services provider's stock worth $53,312,000 after purchasing an additional 445,207 shares during the last quarter. Institutional investors own 80.13% of the company's stock.
Iron Mountain Company Profile
(
Get Free Report)
Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers' work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.
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