William L. Meaney Sells 15,872 Shares of Iron Mountain Incorporated (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRM) CEO William L. Meaney sold 15,872 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $112.99, for a total transaction of $1,793,377.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Iron Mountain Stock Performance

Shares of IRM opened at $111.90 on Friday. Iron Mountain Incorporated has a 12-month low of $64.68 and a 12-month high of $130.24. The stock has a market cap of $32.84 billion, a P/E ratio of 310.83, a PEG ratio of 6.77 and a beta of 0.98. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 674.63. The company has a 50-day moving average of $120.18 and a two-hundred day moving average of $108.28.

Iron Mountain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be given a dividend of $0.715 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.86 annualized dividend and a dividend yield of 2.56%. Iron Mountain’s dividend payout ratio is currently 794.44%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IRM. Stifel Nicolaus raised their price target on Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Barclays reduced their target price on Iron Mountain from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Monday, November 18th. BNP Paribas raised shares of Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada raised their price objective on shares of Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company upped their target price on shares of Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $131.00.

Institutional Investors Weigh In On Iron Mountain

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ashton Thomas Securities LLC purchased a new stake in shares of Iron Mountain in the third quarter valued at $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Iron Mountain in the 2nd quarter valued at about $32,000. West Branch Capital LLC acquired a new stake in shares of Iron Mountain during the 3rd quarter worth about $33,000. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Iron Mountain during the third quarter worth about $36,000. Finally, Family Firm Inc. acquired a new position in shares of Iron Mountain in the second quarter valued at approximately $45,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Iron Mountain Company Profile

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.