Mark Kidd Sells 6,000 Shares of Iron Mountain (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $122.70, for a total transaction of $736,200.00. Following the transaction, the executive vice president owned 101,507 shares in the company, valued at $12,454,908.90. The trade was a 5.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Kidd also recently made the following trade(s):

• On Monday, June 1st, Mark Kidd sold 6,000 shares of Iron Mountain stock. The stock was sold at an average price of $126.70, for a total transaction of $760,200.00.

Iron Mountain Price Performance

Shares of NYSE:IRM opened at $122.46 on Wednesday. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.68. The business has a 50 day simple moving average of $124.61 and a two-hundred day simple moving average of $115.41. The firm has a market capitalization of $36.46 billion, a PE ratio of 87.47 and a beta of 1.20.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 15th will be issued a dividend of $0.864 per share. The ex-dividend date is Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.8%. Iron Mountain’s payout ratio is presently 247.14%.

Institutional Investors Weigh In On Iron Mountain

A number of institutional investors and hedge funds have recently bought and sold shares of IRM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Iron Mountain by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider’s stock valued at $2,573,000 after acquiring an additional 1,286 shares in the last quarter. Empowered Funds LLC grew its holdings in Iron Mountain by 10.3% during the 1st quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock worth $493,000 after acquiring an additional 537 shares in the last quarter. Woodline Partners LP increased its position in Iron Mountain by 41.0% during the 1st quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider’s stock valued at $2,129,000 after purchasing an additional 7,193 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Iron Mountain by 29.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 300 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Iron Mountain by 3.6% in the 2nd quarter. Cerity Partners LLC now owns 35,292 shares of the financial services provider’s stock valued at $3,620,000 after purchasing an additional 1,222 shares in the last quarter. 80.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on IRM shares. Wells Fargo & Company increased their target price on Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Barclays boosted their target price on shares of Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Wall Street Zen cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. JPMorgan Chase & Co. raised their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Weiss Ratings raised shares of Iron Mountain from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $135.17.

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.