Iron Mountain Incorporated (NYSE:IRM) SVP Edward Bicks sold 1,880 shares of Iron Mountain stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $41.50, for a total transaction of $78,020.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Edward Bicks also recently made the following trade(s):
- On Friday, September 22nd, Edward Bicks sold 513 shares of Iron Mountain stock. The stock was sold at an average price of $40.50, for a total transaction of $20,776.50.
- On Wednesday, August 30th, Edward Bicks sold 401 shares of Iron Mountain stock. The stock was sold at an average price of $39.50, for a total transaction of $15,839.50.
Shares of Iron Mountain Incorporated (IRM) opened at $41.44 on Friday. Iron Mountain Incorporated has a twelve month low of $31.39 and a twelve month high of $41.53. The stock has a market cap of $11,061.87, a P/E ratio of 19.92, a P/E/G ratio of 6.46 and a beta of 1.02. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.08 and a quick ratio of 1.08.
Iron Mountain (NYSE:IRM) last released its earnings results on Tuesday, October 24th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Iron Mountain had a net margin of 5.54% and a return on equity of 15.49%. The firm had revenue of $966.00 million during the quarter, compared to the consensus estimate of $960.99 million. During the same period in the previous year, the firm earned $0.44 earnings per share. Iron Mountain’s revenue was up 2.4% compared to the same quarter last year. equities analysts anticipate that Iron Mountain Incorporated will post 2.14 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be issued a $0.5875 dividend. This represents a $2.35 dividend on an annualized basis and a yield of 5.67%. This is an increase from Iron Mountain’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, December 14th. Iron Mountain’s payout ratio is presently 275.00%.
Institutional investors have recently added to or reduced their stakes in the stock. Creative Planning grew its holdings in Iron Mountain by 4.6% in the second quarter. Creative Planning now owns 3,049 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 134 shares during the period. Pacer Advisors Inc. grew its holdings in Iron Mountain by 8.8% in the second quarter. Pacer Advisors Inc. now owns 3,985 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 322 shares during the period. Rehmann Capital Advisory Group purchased a new stake in Iron Mountain in the third quarter valued at approximately $213,000. Conning Inc. purchased a new stake in Iron Mountain in the third quarter valued at approximately $213,000. Finally, Zeke Capital Advisors LLC purchased a new stake in Iron Mountain in the third quarter valued at approximately $215,000. Hedge funds and other institutional investors own 88.58% of the company’s stock.
A number of brokerages have recently commented on IRM. Zacks Investment Research downgraded shares of Iron Mountain from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Evercore ISI began coverage on shares of Iron Mountain in a report on Wednesday, October 18th. They set an “outperform” rating and a $46.00 price target for the company. Stifel Nicolaus reiterated a “buy” rating and set a $40.00 price target on shares of Iron Mountain in a report on Sunday, September 3rd. Robert W. Baird set a $39.00 price target on shares of Iron Mountain and gave the stock a “hold” rating in a report on Friday, August 25th. Finally, BidaskClub upgraded shares of Iron Mountain from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $41.20.
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About Iron Mountain
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.
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