William L. Meaney Sells 15,875 Shares of Iron Mountain Incorporated (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRM - Get Free Report) CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction on Monday, April 15th. The shares were sold at an average price of $76.68, for a total value of $1,217,295.00. Following the completion of the sale, the chief executive officer now directly owns 295,650 shares of the company's stock, valued at $22,670,442. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Iron Mountain Trading Up 0.6 %

IRM traded up $0.44 during mid-day trading on Wednesday, hitting $75.15. The stock had a trading volume of 1,244,518 shares, compared to its average volume of 1,443,350. The stock's fifty day simple moving average is $76.16 and its 200-day simple moving average is $68.42. The firm has a market capitalization of $21.96 billion, a price-to-earnings ratio of 118.59, a price-to-earnings-growth ratio of 4.50 and a beta of 0.94. Iron Mountain Incorporated has a 1-year low of $52.05 and a 1-year high of $82.19. The company has a debt-to-equity ratio of 55.78, a current ratio of 0.78 and a quick ratio of 0.78.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its earnings results on Thursday, February 22nd. The financial services provider reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.48). Iron Mountain had a return on equity of 178.02% and a net margin of 5.44%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The business's revenue was up 11.0% on a year-over-year basis. As a group, research analysts forecast that Iron Mountain Incorporated will post 4.16 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were paid a dividend of $0.65 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.60 dividend on an annualized basis and a yield of 3.46%. Iron Mountain's payout ratio is 412.70%.

Institutional Trading of Iron Mountain

Several hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC boosted its position in shares of Iron Mountain by 15.1% during the first quarter. Acadian Asset Management LLC now owns 2,503 shares of the financial services provider's stock worth $137,000 after buying an additional 328 shares during the period. Panagora Asset Management Inc. raised its holdings in shares of Iron Mountain by 71.3% in the first quarter. Panagora Asset Management Inc. now owns 18,549 shares of the financial services provider's stock valued at $1,028,000 after purchasing an additional 7,719 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Iron Mountain by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,743 shares of the financial services provider's stock worth $2,147,000 after purchasing an additional 2,399 shares in the last quarter. APG Asset Management N.V. boosted its holdings in Iron Mountain by 13.0% during the first quarter. APG Asset Management N.V. now owns 18,205 shares of the financial services provider's stock worth $907,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Raymond James Trust N.A. grew its position in Iron Mountain by 52.8% in the first quarter. Raymond James Trust N.A. now owns 7,552 shares of the financial services provider's stock valued at $419,000 after purchasing an additional 2,608 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on IRM. Wells Fargo & Company lifted their price target on shares of Iron Mountain from $80.00 to $90.00 and gave the stock an "overweight" rating in a research report on Friday, March 15th. TheStreet cut shares of Iron Mountain from a "b" rating to a "c" rating in a research report on Thursday, February 22nd. Barclays increased their price target on Iron Mountain from $79.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 5th. Finally, Stifel Nicolaus upped their price objective on Iron Mountain from $65.00 to $76.00 and gave the company a "buy" rating in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.