Mithu Bhargava Sells 8,263 Shares of Iron Mountain Incorporated (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRM - Get Free Report) EVP Mithu Bhargava sold 8,263 shares of the business's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $104.49, for a total transaction of $863,400.87. Following the transaction, the executive vice president now owns 13,054 shares in the company, valued at approximately $1,364,012.46. The trade was a 38.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Iron Mountain Price Performance

IRM stock traded up $0.15 during trading on Thursday, hitting $105.73. 879,938 shares of the stock traded hands, compared to its average volume of 1,611,721. The stock has a market cap of $31.03 billion, a price-to-earnings ratio of 293.70, a P/E/G ratio of 6.77 and a beta of 0.98. Iron Mountain Incorporated has a one year low of $64.68 and a one year high of $130.24. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 674.63. The company has a 50 day simple moving average of $117.52 and a 200 day simple moving average of $109.81.

Iron Mountain Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be given a dividend of $0.715 per share. The ex-dividend date is Monday, December 16th. This represents a $2.86 dividend on an annualized basis and a yield of 2.71%. Iron Mountain's dividend payout ratio (DPR) is presently 794.44%.

Wall Street Analyst Weigh In

A number of analysts have commented on IRM shares. Wells Fargo & Company raised their price objective on Iron Mountain from $120.00 to $135.00 and gave the stock an "overweight" rating in a research report on Thursday, October 17th. BNP Paribas raised Iron Mountain to a "strong-buy" rating in a research report on Wednesday, November 6th. Royal Bank of Canada boosted their price target on shares of Iron Mountain from $135.00 to $139.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Barclays reduced their price objective on shares of Iron Mountain from $133.00 to $131.00 and set an "overweight" rating for the company in a report on Monday, November 18th. Finally, Stifel Nicolaus upped their target price on shares of Iron Mountain from $117.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, September 23rd. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $131.00.

Hedge Funds Weigh In On Iron Mountain

Several institutional investors have recently bought and sold shares of IRM. OneDigital Investment Advisors LLC lifted its holdings in Iron Mountain by 1.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,986 shares of the financial services provider's stock worth $711,000 after buying an additional 89 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Iron Mountain by 0.8% during the third quarter. Assenagon Asset Management S.A. now owns 11,372 shares of the financial services provider's stock worth $1,351,000 after acquiring an additional 92 shares during the last quarter. Geller Advisors LLC lifted its stake in shares of Iron Mountain by 2.9% during the third quarter. Geller Advisors LLC now owns 3,373 shares of the financial services provider's stock valued at $403,000 after acquiring an additional 96 shares during the period. Schmidt P J Investment Management Inc. boosted its holdings in Iron Mountain by 3.6% in the third quarter. Schmidt P J Investment Management Inc. now owns 2,860 shares of the financial services provider's stock valued at $340,000 after acquiring an additional 100 shares during the last quarter. Finally, Claro Advisors LLC increased its position in Iron Mountain by 0.6% in the third quarter. Claro Advisors LLC now owns 16,717 shares of the financial services provider's stock worth $1,986,000 after purchasing an additional 103 shares during the period. Institutional investors own 80.13% of the company's stock.

About Iron Mountain

Iron Mountain Incorporated NYSE: IRM is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers' work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.