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

Iron Mountain Incorporated (NYSE:IRM) EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $107.27, for a total value of $643,620.00. Following the sale, the executive vice president directly owned 131,507 shares in the company, valued at approximately $14,106,755.89. The trade was a 4.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, January 2nd, Mark Kidd sold 6,000 shares of Iron Mountain stock. The shares were sold at an average price of $83.10, for a total value of $498,600.00.

Iron Mountain Stock Performance

Shares of IRM stock opened at $107.56 on Wednesday. Iron Mountain Incorporated has a 1 year low of $72.33 and a 1 year high of $115.24. The business’s fifty day moving average is $95.29 and its 200-day moving average is $95.05. The stock has a market cap of $31.82 billion, a PE ratio of 224.08 and a beta of 1.13.

Iron Mountain Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Monday, March 16th will be given a $0.864 dividend. The ex-dividend date is Monday, March 16th. This represents a $3.46 annualized dividend and a yield of 3.2%. Iron Mountain’s payout ratio is 720.83%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a report on Thursday, January 22nd. Barclays lifted their price target on shares of Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Iron Mountain from $100.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $113.25.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in IRM. Intact Investment Management Inc. purchased a new position in Iron Mountain during the 3rd quarter worth approximately $3,588,000. Sei Investments Co. boosted its position in shares of Iron Mountain by 4.2% in the second quarter. Sei Investments Co. now owns 885,080 shares of the financial services provider’s stock worth $90,783,000 after buying an additional 35,301 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Iron Mountain by 11.9% in the second quarter. PNC Financial Services Group Inc. now owns 65,386 shares of the financial services provider’s stock worth $6,707,000 after buying an additional 6,937 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Iron Mountain by 17.2% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 103,960 shares of the financial services provider’s stock valued at $10,598,000 after buying an additional 15,225 shares in the last quarter. Finally, AGF Management Ltd. raised its position in Iron Mountain by 178.0% during the third quarter. AGF Management Ltd. now owns 22,185 shares of the financial services provider’s stock valued at $2,262,000 after buying an additional 14,205 shares during the period. 80.13% of the stock is owned by hedge funds and other institutional investors.

Iron Mountain Company Profile

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.