Iron Mountain Incorporated (IRM) VP Patrick J. Keddy Sells 23,428 Shares
Iron Mountain Incorporated (NYSE:IRM) VP Patrick J. Keddy sold 23,428 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $39.04, for a total value of $914,629.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Iron Mountain Incorporated (NYSE:IRM) traded up 0.13% on Friday, hitting $39.86. The stock had a trading volume of 889,279 shares. Iron Mountain Incorporated has a 52 week low of $30.75 and a 52 week high of $40.64. The company has a market cap of $10.54 billion, a PE ratio of 54.68 and a beta of 0.91. The stock’s 50-day moving average price is $39.34 and its 200 day moving average price is $36.35.
Iron Mountain (NYSE:IRM) last issued its earnings results on Friday, July 28th. The financial services provider reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Iron Mountain had a return on equity of 14.46% and a net margin of 5.14%. The company had revenue of $950.00 million during the quarter, compared to the consensus estimate of $955.05 million. During the same period in the previous year, the company posted $0.24 EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts predict that Iron Mountain Incorporated will post $1.18 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $2.20 annualized dividend and a dividend yield of 5.52%. Iron Mountain’s dividend payout ratio is currently 297.30%.
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A number of brokerages have recently commented on IRM. Zacks Investment Research lowered Iron Mountain from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. BidaskClub upgraded Iron Mountain from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Stifel Nicolaus reiterated a “buy” rating and set a $40.00 price target on shares of Iron Mountain in a report on Sunday, September 3rd. Finally, Robert W. Baird set a $39.00 price target on Iron Mountain and gave the stock a “hold” rating in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $38.25.
Several hedge funds and other institutional investors have recently modified their holdings of IRM. UBS Asset Management Americas Inc. boosted its stake in shares of Iron Mountain by 10.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 739,918 shares of the financial services provider’s stock worth $26,393,000 after acquiring an additional 66,978 shares during the period. Ameriprise Financial Inc. lifted its holdings in Iron Mountain by 14.7% during the 1st quarter. Ameriprise Financial Inc. now owns 173,017 shares of the financial services provider’s stock worth $6,180,000 after purchasing an additional 22,227 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Iron Mountain during the 1st quarter worth approximately $209,000. Pacer Advisors Inc. lifted its holdings in Iron Mountain by 3.4% during the 1st quarter. Pacer Advisors Inc. now owns 3,663 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 121 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Iron Mountain by 6.1% during the 1st quarter. Alliancebernstein L.P. now owns 525,359 shares of the financial services provider’s stock worth $18,740,000 after purchasing an additional 30,030 shares during the last quarter. Institutional investors own 87.46% of the company’s stock.
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.
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