Daniel Borges Sells 3,095 Shares of Iron Mountain Incorporated (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRM) CAO Daniel Borges sold 3,095 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $86.83, for a total transaction of $268,738.85. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Iron Mountain Stock Up 0.3 %

IRM stock traded up $0.28 during trading on Tuesday, reaching $88.55. The stock had a trading volume of 1,780,411 shares, compared to its average volume of 1,421,913. Iron Mountain Incorporated has a 1-year low of $53.74 and a 1-year high of $89.91. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 674.63. The company has a market capitalization of $25.96 billion, a P/E ratio of 134.84, a PEG ratio of 5.27 and a beta of 0.95. The firm has a fifty day moving average price of $79.88 and a 200 day moving average price of $74.60.

Iron Mountain Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of Iron Mountain by 201.7% in the 4th quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 242 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Iron Mountain during the fourth quarter valued at approximately $26,000. CVA Family Office LLC acquired a new stake in Iron Mountain during the fourth quarter valued at approximately $32,000. Transcendent Capital Group LLC acquired a new stake in Iron Mountain during the fourth quarter valued at approximately $36,000. Finally, Heritage Wealth Advisors acquired a new stake in Iron Mountain during the fourth quarter valued at approximately $38,000. 80.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. TheStreet downgraded shares of Iron Mountain from a “b” rating to a “c” rating in a report on Thursday, February 22nd. Wells Fargo & Company upped their price objective on shares of Iron Mountain from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Finally, Barclays increased their price objective on shares of Iron Mountain from $79.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Iron Mountain currently has a consensus rating of “Moderate Buy” and an average target price 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.