Iron Mountain Incorporated (NYSE:IRM) EVP John Tomovcsik sold 29,450 shares of Iron Mountain stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $38.00, for a total transaction of $1,119,100.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Iron Mountain Incorporated (NYSE:IRM) traded down 1.85% during mid-day trading on Friday, hitting $37.13. 1,066,535 shares of the stock traded hands. The stock has a market cap of $9.82 billion, a price-to-earnings ratio of 50.93 and a beta of 0.94. The firm has a 50 day moving average of $35.20 and a 200 day moving average of $35.37. Iron Mountain Incorporated has a 12 month low of $30.75 and a 12 month high of $39.75.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.52 by $0.03. The business had revenue of $950 million for 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 business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 EPS. On average, equities analysts expect that Iron Mountain Incorporated will post $1.18 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 5.93%. The ex-dividend date of this dividend is Thursday, September 14th. Iron Mountain’s dividend payout ratio (DPR) is currently 297.30%.

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Several hedge funds have recently added to or reduced their stakes in IRM. Glen Harbor Capital Management LLC increased its stake in shares of Iron Mountain by 5.0% in the first quarter. Glen Harbor Capital Management LLC now owns 16,368 shares of the financial services provider’s stock worth $584,000 after buying an additional 784 shares during the period. Mn Services Vermogensbeheer B.V. increased its stake in shares of Iron Mountain by 5.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,675 shares of the financial services provider’s stock worth $223,000 after buying an additional 327 shares during the period. Concorde Asset Management LLC increased its stake in shares of Iron Mountain by 46.7% in the first quarter. Concorde Asset Management LLC now owns 15,654 shares of the financial services provider’s stock worth $549,000 after buying an additional 4,980 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Iron Mountain by 29.2% in the first quarter. State of Alaska Department of Revenue now owns 115,930 shares of the financial services provider’s stock worth $4,134,000 after buying an additional 26,210 shares during the period. Finally, Moody National Bank Trust Division increased its stake in shares of Iron Mountain by 2.8% in the first quarter. Moody National Bank Trust Division now owns 24,795 shares of the financial services provider’s stock worth $884,000 after buying an additional 665 shares during the period. 86.04% of the stock is currently owned by institutional investors and hedge funds.

IRM has been the topic of several analyst reports. BidaskClub upgraded shares of Iron Mountain from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Stifel Nicolaus reiterated a “buy” rating and set a $40.00 price target on shares of Iron Mountain in a research note on Friday, June 9th. Zacks Investment Research upgraded shares of Iron Mountain from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Deutsche Bank AG cut shares of Iron Mountain from a “hold” rating to a “sell” rating and dropped their price target for the stock from $41.00 to $30.00 in a research note on Wednesday, June 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $35.67.

Iron Mountain Company Profile

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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