Iron Mountain Incorporated (NYSE:IRM) EVP John Tomovcsik sold 29,450 shares of Iron Mountain stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $38.00, for a total value of $1,119,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Iron Mountain Incorporated (NYSE IRM) traded down 1.85% during trading on Friday, reaching $37.13. The company had a trading volume of 1,066,535 shares. Iron Mountain Incorporated has a 12 month low of $30.75 and a 12 month high of $39.75. The firm has a market capitalization of $9.82 billion, a P/E ratio of 50.93 and a beta of 0.94. The firm’s 50 day moving average price is $35.29 and its 200 day moving average price is $35.39.

Iron Mountain (NYSE:IRM) last announced its earnings results on Friday, July 28th. The financial services provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The firm had revenue of $950 million for the quarter, compared to analysts’ expectations of $955.05 million. Iron Mountain had a return on equity of 14.46% and a net margin of 5.14%. Iron Mountain’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 EPS. Equities analysts predict that Iron Mountain Incorporated will post $1.18 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date of this dividend is Thursday, September 14th. Iron Mountain’s dividend payout ratio (DPR) is presently 297.30%.

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A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Iron Mountain from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub upgraded Iron Mountain from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Stifel Nicolaus reiterated a “buy” rating and set a $40.00 price objective on shares of Iron Mountain in a research report on Friday, June 9th. Finally, Deutsche Bank AG downgraded Iron Mountain from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $41.00 to $30.00 in a research report on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $35.67.

A number of large investors have recently made changes to their positions in IRM. Glen Harbor Capital Management LLC boosted its stake in shares of Iron Mountain by 5.0% in the first quarter. Glen Harbor Capital Management LLC now owns 16,368 shares of the financial services provider’s stock worth $584,000 after buying an additional 784 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Iron Mountain by 5.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,675 shares of the financial services provider’s stock worth $223,000 after buying an additional 327 shares during the period. Concorde Asset Management LLC boosted its stake in shares of Iron Mountain by 46.7% in the first quarter. Concorde Asset Management LLC now owns 15,654 shares of the financial services provider’s stock worth $549,000 after buying an additional 4,980 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Iron Mountain by 29.2% in the first quarter. State of Alaska Department of Revenue now owns 115,930 shares of the financial services provider’s stock worth $4,134,000 after buying an additional 26,210 shares during the period. Finally, Moody National Bank Trust Division boosted its stake in shares of Iron Mountain by 2.8% in the first quarter. Moody National Bank Trust Division now owns 24,795 shares of the financial services provider’s stock worth $884,000 after buying an additional 665 shares during the period. Hedge funds and other institutional investors own 86.04% of the company’s stock.

Iron Mountain Company Profile

Iron Mountain Incorporated (Iron Mountain) is engaged in storing records, primarily paper documents and data backup media, and provide information management services. The Company offers records management services, data protection and recovery services and information destruction services. Its information management services are divided into three categories: records management services, data protection and recovery services, and information destruction services.

Insider Buying and Selling by Quarter for Iron Mountain (NYSE:IRM)

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