William Meaney Sells 98,659 Shares of Iron Mountain (NYSE:IRM) Stock

Key Points

• CEO William Meaney sold 98,659 shares of Iron Mountain on March 4 at an average price of $107.36 for approximately $10.59 million, cutting his ownership by about 50% to 98,657 shares (SEC filing).
• Iron Mountain declared a quarterly dividend of $0.864 per share (annualized $3.46, ~3.2% yield), payable April 3 with record/ex-dividend date March 16, while reporting a notably high dividend payout ratio of 720.83%.
• Analysts view the stock as a "Moderate Buy" with a consensus price target of $116.60 (individual targets up to $130); IRM trades near $107 with a P/E of 223 and a 52‑week range of $72.33–$115.24.

Iron Mountain Incorporated (NYSE:IRM - Get Free Report) CEO William Meaney sold 98,659 shares of Iron Mountain stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $107.36, for a total transaction of $10,592,030.24. Following the completion of the sale, the chief executive officer owned 98,657 shares in the company, valued at approximately $10,591,815.52. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Iron Mountain Stock Performance

Shares of IRM traded down $0.69 during midday trading on Thursday, hitting $107.15. 1,592,751 shares of the company traded hands, compared to its average volume of 2,088,903. The stock has a market cap of $31.70 billion, a price-to-earnings ratio of 223.23 and a beta of 1.13. The firm has a 50 day moving average of $95.83 and a 200-day moving average of $95.14. Iron Mountain Incorporated has a 52 week low of $72.33 and a 52 week high of $115.24.

Iron Mountain Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Monday, March 16th will be given a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, March 16th. Iron Mountain's dividend payout ratio is currently 720.83%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on IRM shares. JPMorgan Chase & Co. upped their price target on shares of Iron Mountain from $100.00 to $111.00 and gave the company an "overweight" rating in a research note on Thursday, November 6th. Weiss Ratings reissued a "hold (c)" rating on shares of Iron Mountain in a research note on Thursday, January 22nd. Barclays raised their price objective on Iron Mountain from $126.00 to $127.00 and gave the company an "overweight" rating in a research note on Monday, February 23rd. Finally, Loop Capital set a $130.00 price target on Iron Mountain in a report on Wednesday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $116.60.

Hedge Funds Weigh In On Iron Mountain

Large investors have recently bought and sold shares of the business. Bayban bought a new stake in shares of Iron Mountain during the fourth quarter worth $33,000. SHP Wealth Management purchased a new stake in Iron Mountain in the 4th quarter valued at about $145,000. CFO Capital Management LLC purchased a new stake in Iron Mountain in the 4th quarter valued at about $418,000. BDFS Capital LLC bought a new position in Iron Mountain in the 4th quarter worth about $340,000. Finally, Beaird Harris Wealth Management LLC increased its position in shares of 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 worth $29,000 after acquiring an additional 350 shares during the period. Hedge funds and other institutional investors own 80.13% of the company's stock.

About Iron Mountain

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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