Iron Mountain Inc. (NYSE:IRM) VP Edward Bicks sold 2,773 shares of the stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $36.32, for a total transaction of $100,715.36. Following the completion of the sale, the vice president now directly owns 914 shares in the company, valued at $33,196.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Edward Bicks also recently made the following trade(s):
- On Tuesday, July 5th, Edward Bicks sold 1,459 shares of Iron Mountain stock. The stock was sold at an average price of $40.25, for a total transaction of $58,724.75.
Iron Mountain Inc. (NYSE:IRM) opened at 35.82 on Monday. Iron Mountain Inc. has a 12 month low of $23.64 and a 12 month high of $41.50. The firm’s 50-day moving average is $38.36 and its 200-day moving average is $36.56. The company has a market capitalization of $9.43 billion, a PE ratio of 101.47 and a beta of 0.67.
Iron Mountain (NYSE:IRM) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.05. The firm had revenue of $883.70 million for the quarter, compared to the consensus estimate of $884.46 million. Iron Mountain had a net margin of 2.51% and a return on equity of 26.91%. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 earnings per share. Equities analysts anticipate that Iron Mountain Inc. will post $2.16 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Monday, September 12th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.42%. Iron Mountain’s payout ratio is currently 510.54%.
Several hedge funds and other institutional investors have recently bought and sold shares of IRM. Macquarie Group Ltd. boosted its position in Iron Mountain by 10,048.4% in the second quarter. Macquarie Group Ltd. now owns 397,208 shares of the company’s stock worth $15,821,000 after buying an additional 393,294 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Iron Mountain during the second quarter worth $384,000. Kentucky Retirement Systems bought a new position in Iron Mountain during the second quarter worth $810,000. Northwestern Mutual Investment Management Company LLC boosted its position in Iron Mountain by 24.1% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 9,120 shares of the company’s stock worth $363,000 after buying an additional 1,771 shares during the last quarter. Finally, Mason Street Advisors LLC bought a new position in Iron Mountain during the second quarter worth $1,282,000. 80.96% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on the stock. Piper Jaffray Cos. restated a “buy” rating and issued a $44.00 price objective on shares of Iron Mountain in a research report on Friday, June 17th. Zacks Investment Research upgraded shares of Iron Mountain from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Tuesday, June 21st. JPMorgan Chase & Co. upped their price objective on shares of Iron Mountain from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, August 5th. TheStreet cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $44.00 price objective on shares of Iron Mountain in a research report on Tuesday, September 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $41.00.
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.
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