Insider Selling: Iron Mountain Incorporated (NYSE:IRM) EVP Sells $547,770.00 in Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Edward Baker-Greene sold 6,200 shares of Iron Mountain stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $88.35, for a total transaction of $547,770.00. Following the sale, the executive vice president now directly owns 11,311 shares in the company, valued at $999,326.85. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Iron Mountain Price Performance

IRM stock opened at $88.45 on Thursday. The company has a market capitalization of $25.93 billion, a P/E ratio of 134.02, a PEG ratio of 5.25 and a beta of 0.95. The company has a fifty day moving average price of $81.67 and a 200-day moving average price of $75.66. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.86 and a current ratio of 0.86. Iron Mountain Incorporated has a 52-week low of $54.62 and a 52-week high of $89.91.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Monday, June 17th. Iron Mountain’s dividend payout ratio is currently 393.95%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IRM. Cohen & Steers Inc. lifted its position in shares of Iron Mountain by 202.1% in the 4th quarter. Cohen & Steers Inc. now owns 22,475,614 shares of the financial services provider’s stock worth $1,572,936,000 after purchasing an additional 15,035,937 shares during the period. Deutsche Bank AG lifted its holdings in Iron Mountain by 0.7% in the third quarter. Deutsche Bank AG now owns 4,571,545 shares of the financial services provider’s stock valued at $271,778,000 after buying an additional 29,683 shares during the period. Daiwa Securities Group Inc. grew its holdings in Iron Mountain by 11.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 4,562,165 shares of the financial services provider’s stock worth $365,931,000 after acquiring an additional 475,849 shares during the period. Northern Trust Corp grew its holdings in Iron Mountain by 1.2% during the 3rd quarter. Northern Trust Corp now owns 3,913,828 shares of the financial services provider’s stock worth $232,677,000 after acquiring an additional 47,902 shares during the period. Finally, Norges Bank bought a new position in shares of Iron Mountain in the 4th quarter worth about $228,391,000. 80.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on IRM. Wells Fargo & Company boosted their target price on shares of Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Barclays boosted their price objective on Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $73.80.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers' work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.