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

Key Points

• Iron Mountain EVP Mark Kidd sold 6,000 shares at an average price of $122.70, for total proceeds of $736,200, under a pre-arranged Rule 10b5-1 trading plan. He continues to own 101,507 shares.
• Iron Mountain shares traded around $121.30, with a market capitalization of approximately $36.1 billion. Analysts give the stock a “Moderate Buy” consensus rating and an average price target of $135.17.
• The company declared a quarterly dividend of $0.864 per share, equivalent to $3.46 annually and a 2.8% yield; institutional investors own approximately 80.13% of the stock.

Iron Mountain Incorporated (NYSE:IRM - Get Free Report) EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction on Friday, August 7th. The stock was sold at an average price of $122.70, for a total value of $736,200.00. Following the completion of the transaction, the executive vice president owned 101,507 shares in the company, valued at $12,454,908.90. The trade was a 5.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 1st, Mark Kidd sold 6,000 shares of Iron Mountain stock. The shares were sold at an average price of $126.70, for a total value of $760,200.00.

Iron Mountain Stock Performance

Shares of NYSE:IRM traded up $0.15 during midday trading on Monday, reaching $121.30. The company had a trading volume of 2,008,402 shares, compared to its average volume of 1,798,902. The company has a fifty day simple moving average of $124.82 and a two-hundred day simple moving average of $115.00. The firm has a market cap of $36.09 billion, a price-to-earnings ratio of 86.64 and a beta of 1.20. Iron Mountain Incorporated has a 1-year low of $77.77 and a 1-year high of $134.68.

Iron Mountain Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.864 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.8%. Iron Mountain's dividend payout ratio is currently 247.14%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Iron Mountain from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, July 28th. Wall Street Zen cut shares of Iron Mountain from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Zacks Research upgraded shares of Iron Mountain from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 12th. Truist Financial set a $140.00 target price on shares of Iron Mountain in a research note on Friday, May 1st. Finally, Barclays increased their target price on Iron Mountain from $127.00 to $143.00 and gave the company an "overweight" rating in a report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Iron Mountain currently has an average rating of "Moderate Buy" and a consensus price target of $135.17.

Institutional Trading of Iron Mountain

Institutional investors have recently bought and sold shares of the company. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Iron Mountain during the 4th quarter worth about $25,000. Bell Investment Advisors Inc bought a new stake in shares of Iron Mountain in the 2nd quarter valued at approximately $26,000. Meeder Asset Management Inc. acquired a new position in Iron Mountain in the second quarter worth approximately $27,000. Beaird Harris Wealth Management LLC raised its position in Iron Mountain by 17,500.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 350 shares in the last quarter. Finally, Dynamic Wealth Strategies LLC bought a new position in Iron Mountain during the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 80.13% of the company's stock.

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.

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