Iron Mountain (NYSE:IRM) EVP Mark Kidd Sells 6,000 Shares

Iron Mountain Incorporated (NYSE:IRM) EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $83.10, for a total value of $498,600.00. Following the completion of the sale, the executive vice president directly owned 55,081 shares of the company’s stock, valued at $4,577,231.10. This represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Mark Kidd also recently made the following trade(s):

• On Monday, December 1st, Mark Kidd sold 6,000 shares of Iron Mountain stock. The stock was sold at an average price of $85.00, for a total value of $510,000.00.
• On Monday, November 3rd, Mark Kidd sold 6,000 shares of Iron Mountain stock. The shares were sold at an average price of $102.51, for a total value of $615,060.00.
• On Friday, October 31st, Mark Kidd sold 7,306 shares of Iron Mountain stock. The stock was sold at an average price of $100.82, for a total transaction of $736,590.92.

Iron Mountain Stock Up 1.4%

Shares of NYSE IRM traded up $1.16 during midday trading on Tuesday, hitting $84.83. The company had a trading volume of 2,020,423 shares, compared to its average volume of 2,159,371. The firm has a market capitalization of $25.07 billion, a price-to-earnings ratio of 160.06 and a beta of 1.13. Iron Mountain Incorporated has a twelve month low of $72.33 and a twelve month high of $112.18. The business has a 50-day simple moving average of $88.40 and a two-hundred day simple moving average of $94.98.

Iron Mountain (NYSE:IRM) last issued its earnings results on Wednesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.03. Iron Mountain had a net margin of 2.40% and a negative return on equity of 112.70%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same period in the prior year, the business posted $1.13 earnings per share. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. On average, equities analysts forecast that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be paid a $0.864 dividend. This represents a $3.46 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Monday, December 15th. This is an increase from Iron Mountain’s previous quarterly dividend of $0.79. Iron Mountain’s dividend payout ratio (DPR) is 650.94%.

Wall Street Analysts Forecast Growth

IRM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on Iron Mountain from $100.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a report on Wednesday, October 8th. Jefferies Financial Group began coverage on shares of Iron Mountain in a report on Monday, September 22nd. They issued a “buy” rating and a $120.00 price target on the stock. Barclays raised their price objective on shares of Iron Mountain from $122.00 to $123.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 12th. Finally, Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Iron Mountain has a consensus rating of “Moderate Buy” and an average price target of $114.80.

Hedge Funds Weigh In On Iron Mountain

Several institutional investors and hedge funds have recently modified their holdings of IRM. Quent Capital LLC purchased a new stake in Iron Mountain in the 3rd quarter worth approximately $27,000. Johnson Financial Group Inc. purchased a new position in shares of Iron Mountain during the 3rd quarter worth $32,000. Wealth Watch Advisors INC acquired a new stake in shares of Iron Mountain during the third quarter worth $44,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Iron Mountain during the second quarter worth $51,000. Finally, Washington Trust Advisors Inc. purchased a new stake in shares of Iron Mountain in the third quarter valued at $54,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

About Iron Mountain

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.