Iron Mountain Incorporated (NYSE:IRM - Get Free Report) CEO William L. Meaney sold 69,125 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $98.77, for a total value of $6,827,476.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
William L. Meaney also recently made the following trade(s):
- On Friday, May 2nd, William L. Meaney sold 69,125 shares of Iron Mountain stock. The shares were sold at an average price of $96.09, for a total transaction of $6,642,221.25.
- On Tuesday, April 1st, William L. Meaney sold 69,125 shares of Iron Mountain stock. The shares were sold at an average price of $86.11, for a total transaction of $5,952,353.75.
Iron Mountain Stock Performance
IRM traded up $1.37 during trading on Friday, reaching $102.65. The company's stock had a trading volume of 972,071 shares, compared to its average volume of 1,973,173. The company's fifty day moving average price is $91.02 and its 200-day moving average price is $98.36. Iron Mountain Incorporated has a 52-week low of $72.33 and a 52-week high of $130.24. The company has a market capitalization of $30.29 billion, a price-to-earnings ratio of 168.25, a price-to-earnings-growth ratio of 5.15 and a beta of 1.09.
Iron Mountain (NYSE:IRM - Get Free Report) last issued its earnings results on Thursday, May 1st. The financial services provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.01. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.59 billion. Iron Mountain had a net margin of 2.95% and a negative return on equity of 401.83%. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 earnings per share. Equities analysts predict that Iron Mountain Incorporated will post 4.54 earnings per share for the current year.
Iron Mountain Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Monday, June 16th will be paid a $0.785 dividend. This represents a $3.14 annualized dividend and a yield of 3.06%. The ex-dividend date is Monday, June 16th. Iron Mountain's payout ratio is 765.85%.
Wall Street Analyst Weigh In
A number of research firms have recently commented on IRM. Wall Street Zen upgraded Iron Mountain from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. JPMorgan Chase & Co. cut their price target on Iron Mountain from $125.00 to $112.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Truist Financial assumed coverage on Iron Mountain in a research note on Tuesday, April 8th. They issued a "buy" rating and a $95.00 price objective for the company. Finally, Barclays raised their target price on shares of Iron Mountain from $118.00 to $121.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 27th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $121.71.
View Our Latest Stock Report on Iron Mountain
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. Key Financial Inc grew its holdings in shares of Iron Mountain by 25,100.0% during the 4th quarter. Key Financial Inc now owns 252 shares of the financial services provider's stock worth $26,000 after purchasing an additional 251 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Iron Mountain in the 4th quarter valued at approximately $26,000. IMG Wealth Management Inc. bought a new position in Iron Mountain during the 4th quarter valued at $26,000. Cranbrook Wealth Management LLC bought a new position in shares of Iron Mountain during the first quarter worth about $26,000. Finally, Financial Network Wealth Advisors LLC acquired a new position in Iron Mountain in the first quarter worth about $26,000. Hedge funds and other institutional investors own 80.13% of the company's stock.
Iron Mountain Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider Iron Mountain, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Iron Mountain wasn't on the list.
While Iron Mountain currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
