Insider Selling: Iron Mountain Incorporated (NYSE:IRM) CEO Sells 69,131 Shares of Stock

Iron Mountain Incorporated (NYSE:IRM - Get Free Report) CEO William L. Meaney sold 69,131 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $104.85, for a total transaction of $7,248,385.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

William L. Meaney also recently made the following trade(s):

• On Wednesday, December 11th, William L. Meaney sold 15,872 shares of Iron Mountain stock. The stock was sold at an average price of $112.99, for a total value of $1,793,377.28.

Iron Mountain Stock Up 0.9 %

NYSE:IRM traded up $0.96 during mid-day trading on Friday, hitting $105.70. 2,295,094 shares of the company's stock traded hands, compared to its average volume of 2,395,597. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $31.02 billion, a P/E ratio of 293.62, a P/E/G ratio of 6.70 and a beta of 0.98. The company has a fifty day moving average of $115.05 and a 200 day moving average of $110.53. Iron Mountain Incorporated has a twelve month low of $64.68 and a twelve month high of $130.24.

Iron Mountain Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be paid 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 payout ratio is 794.44%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Iron Mountain

Institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its position in Iron Mountain by 2.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 53,877 shares of the financial services provider's stock worth $6,402,000 after acquiring an additional 1,446 shares during the period. Friedenthal Financial acquired a new position in Iron Mountain in the 3rd quarter worth approximately $824,000. Tidal Investments LLC raised its position in Iron Mountain by 254.1% during the 3rd quarter. Tidal Investments LLC now owns 20,536 shares of the financial services provider's stock worth $2,440,000 after buying an additional 14,737 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in Iron Mountain during the 3rd quarter valued at approximately $24,122,000. Finally, World Investment Advisors LLC purchased a new stake in shares of Iron Mountain in the 3rd quarter valued at $554,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

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.