John Tomovcsik Sells 41,859 Shares of Iron Mountain Incorporated (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRM – Get Free Report) COO John Tomovcsik sold 41,859 shares of Iron Mountain stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $62.97, for a total value of $2,635,861.23. Following the sale, the chief operating officer now directly owns 20,455 shares of the company’s stock, valued at approximately $1,288,051.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Iron Mountain Price Performance

NYSE:IRM opened at $63.45 on Thursday. The stock has a market capitalization of $18.52 billion, a PE ratio of 48.81, a price-to-earnings-growth ratio of 4.19 and a beta of 0.92. Iron Mountain Incorporated has a 52 week low of $43.33 and a 52 week high of $64.48. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 26.77. The stock’s 50-day moving average price is $61.64 and its 200-day moving average price is $56.91.

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Iron Mountain Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 15th will be issued a $0.65 dividend. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Thursday, September 14th. Iron Mountain’s dividend payout ratio (DPR) is presently 200.00%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in IRM. TrinityPoint Wealth LLC increased its holdings in Iron Mountain by 4.0% in the 2nd quarter. TrinityPoint Wealth LLC now owns 4,354 shares of the financial services provider’s stock worth $247,000 after acquiring an additional 168 shares in the last quarter. Bank of New Hampshire raised its position in shares of Iron Mountain by 43.8% during the 2nd quarter. Bank of New Hampshire now owns 575 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 175 shares during the last quarter. Armor Investment Advisors LLC lifted its stake in Iron Mountain by 1.9% in the 2nd quarter. Armor Investment Advisors LLC now owns 9,996 shares of the financial services provider’s stock valued at $568,000 after buying an additional 186 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Iron Mountain by 4.0% in the 1st quarter. Brown Brothers Harriman & Co. now owns 4,820 shares of the financial services provider’s stock worth $255,000 after buying an additional 187 shares during the last quarter. Finally, Cresset Asset Management LLC increased its stake in Iron Mountain by 1.2% during the 1st quarter. Cresset Asset Management LLC now owns 16,001 shares of the financial services provider’s stock worth $855,000 after buying an additional 195 shares in the last quarter. 76.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on IRM shares. Barclays lifted their price objective on shares of Iron Mountain from $64.00 to $69.00 and gave the company an “overweight” rating in a research note on Monday, August 7th. Royal Bank of Canada upgraded Iron Mountain from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $58.00 to $68.00 in a research note on Monday, August 21st. Finally, StockNews.com started coverage on Iron Mountain in a research report on Thursday, August 17th. They set a “hold” rating for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Iron Mountain has an average rating of “Moderate Buy” and a consensus price target of $65.75.

View Our Latest Stock Report on IRM

Iron Mountain Company Profile

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Iron Mountain Incorporated (NYSE: IRM) is a global leader in innovative storage, data center infrastructure, asset lifecycle management and information management services. Founded in 1951 and trusted by more than 225,000 customers worldwide, Iron Mountain helps customers CLIMB HIGHER to transform their businesses.

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