Iron Mountain (NYSE:IRM) CEO William Meaney Sells 98,659 Shares

Iron Mountain Incorporated (NYSE:IRM) CEO William Meaney sold 98,659 shares of Iron Mountain stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $107.36, for a total value of $10,592,030.24. Following the transaction, the chief executive officer owned 98,657 shares in the company, valued at $10,591,815.52. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Iron Mountain Stock Performance

NYSE IRM traded down $1.14 during trading hours on Friday, reaching $106.16. 62,966 shares of the company’s stock were exchanged, compared to its average volume of 2,042,453. Iron Mountain Incorporated has a one year low of $72.33 and a one year high of $115.24. The company’s 50-day moving average is $96.37 and its two-hundred day moving average is $95.22. The company has a market capitalization of $31.41 billion, a price-to-earnings ratio of 221.17 and a beta of 1.13.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Monday, March 16th will be paid a $0.864 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.46 dividend on an annualized basis and a yield of 3.3%. Iron Mountain’s dividend payout ratio is presently 718.75%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Loop Capital set a $130.00 price target on Iron Mountain in a report on Wednesday. Barclays lifted their target price on Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a research report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Iron Mountain from $100.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $116.60.

Institutional Investors Weigh In On Iron Mountain

A number of large investors have recently added to or reduced their stakes in the business. Garton & Associates Financial Advisors LLC acquired a new position in shares of Iron Mountain in the fourth quarter valued at $25,000. Quent Capital LLC bought a new stake in shares of Iron Mountain during the 3rd quarter worth about $27,000. Beaird Harris Wealth Management LLC boosted its holdings in shares of Iron Mountain by 17,500.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock worth $29,000 after buying an additional 350 shares during the period. Johnson Financial Group Inc. acquired a new position in Iron Mountain in the 3rd quarter valued at about $32,000. Finally, Bayban bought a new position in Iron Mountain in the 4th quarter valued at about $33,000. 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.