Deborah Marson sells 1,125 shares of Iron Mountain Incorporated (NYSE:IRM)

Iron Mountain Incorporated (NYSE:IRM – Get Rating) Executive Vice President Deborah Marson sold 1,125 shares in a trade dated Wednesday, July 13. The shares were sold at an average price of $47.50, for a total transaction of $53,437.50. Following the completion of the sale, the executive vice president now owns 52,532 shares of the company, valued at $2,495,270. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink.

Deborah Marson also recently made the following trade(s):

  • On Monday, June 13, Deborah Marson sold 1,125 shares of Iron Mountain. The shares were sold at an average price of $50.00, for a total transaction of $56,250.00.

Iron Mountain trades up 0.5%

IRM stock traded down $0.21 at midday on Friday, hitting $44.92. 96,457 shares of the company have been traded, against an average volume of 1,301,699. The company has a quick ratio of 0.90, a current ratio of 0.90 and a leverage ratio of 13.37. The company has a market capitalization of $13.05 billion, a P/E ratio of 29.52, a PEG ratio of 3.29 and a beta of 0.84. The company has a fifty-day simple moving average of $50.32 and a 200-day simple moving average of $50.01. Iron Mountain Incorporated has a 12-month low of $41.67 and a 12-month high of $58.61.

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Iron Mountain (NYSE:IRM – Get Rating) last announced its results on Thursday, April 28. The financial services provider reported earnings per share of $0.38 for the quarter, missing the consensus estimate of $0.70 per ($0.32). The company posted revenue of $1.25 billion for the quarter, versus $1.24 billion for analysts. Iron Mountain had a return on equity of 49.70% and a net margin of 9.59%. The company’s quarterly revenue increased by 15.3% compared to the same quarter last year. During the same period last year, the company achieved EPS of $0.81. On average, stock research analysts expect Iron Mountain Incorporated to post earnings per share of 3.62 for the current fiscal year.

Iron Mountain cuts dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, July 16. Shareholders of record on Wednesday, June 15 will receive a dividend of $0.618 per share. This represents an annualized dividend of $2.47 and a yield of 5.50%. The ex-date of this dividend is Tuesday, June 14. Iron Mountain’s dividend payout ratio (DPR) is currently 161.44%.

Analyst upgrades and downgrades

MRI has been the subject of a number of recent research reports. StockNews.com launched coverage on Iron Mountain shares in a research report on Thursday, March 31. They issued a “hold” rating for the company. Barclays began covering Iron Mountain shares in a research report on Friday June 24. They set an “overweight” rating and a price target of $58.00 for the company. Finally, Stifel Nicolaus raised his price target on Iron Mountain shares from $52.00 to $62.00 and gave the stock a “buy” rating in a Tuesday, April 12 research report.

Institutional entries and exits

Several hedge funds and other institutional investors have recently changed their positions in the IRM. GHP Investment Advisors Inc. bought a new position in Iron Mountain stock in the first quarter worth about $26,000. Corbenic Partners LLC bought a new position in Iron Mountain stock in the fourth quarter valued at around $27,000. SJS Investment Consulting Inc. bought a new position in Iron Mountain stock in the first quarter worth about $28,000. Hazlett Burt & Watson Inc. acquired a new stake in Iron Mountain in the first quarter valued at approximately $28,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in Iron Mountain in the first quarter valued at approximately $32,000. Hedge funds and other institutional investors hold 78.62% of the company’s shares.

Iron Mountain Company Profile

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Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the worldwide leader in information management and storage services. Trusted by more than 225,000 organizations worldwide and with a real estate network of more than 90 million square feet spread over approximately 1,450 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valuable assets, including critical business information, highly sensitive data, and cultural and historical artifacts.

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Insider buying and selling by quarter for Iron Mountain (NYSE:IRM)

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