Insider Selling: Iron Mountain Incorporated (NYSE:IRM) EVP Sells 1,738 Shares of Stock

Iron Mountain Incorporated (NYSE:IRM - Get Free Report) EVP Mithu Bhargava sold 1,738 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $92.84, for a total transaction of $161,355.92. Following the transaction, the executive vice president now directly owns 13,054 shares in the company, valued at $1,211,933.36. The trade was a 11.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Mithu Bhargava also recently made the following trade(s):

• On Monday, December 23rd, Mithu Bhargava sold 8,263 shares of Iron Mountain stock. The stock was sold at an average price of $104.49, for a total transaction of $863,400.87.

Iron Mountain Trading Up 1.7 %

IRM stock traded up $1.42 during trading on Friday, reaching $84.21. 3,868,939 shares of the stock were exchanged, compared to its average volume of 2,231,151. Iron Mountain Incorporated has a twelve month low of $73.53 and a twelve month high of $130.24. The company has a market capitalization of $24.74 billion, a P/E ratio of 138.05, a price-to-earnings-growth ratio of 5.15 and a beta of 1.04. The stock has a 50 day simple moving average of $100.66 and a 200-day simple moving average of $111.20.

Iron Mountain (NYSE:IRM - Get Free Report) last released its earnings results on Thursday, February 13th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.70). Iron Mountain had a negative return on equity of 401.83% and a net margin of 2.95%. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period last year, the business earned $0.52 earnings per share. Equities analysts predict that Iron Mountain Incorporated will post 4.54 EPS for the current year.

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Iron Mountain Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.785 per share. This is a boost from Iron Mountain's previous quarterly dividend of $0.72. The ex-dividend date is Monday, March 17th. This represents a $3.14 dividend on an annualized basis and a yield of 3.73%. Iron Mountain's dividend payout ratio (DPR) is currently 514.75%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. StockNews.com raised shares of Iron Mountain from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. Barclays lowered their price target on Iron Mountain from $131.00 to $130.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. JPMorgan Chase & Co. lowered their price target on Iron Mountain from $125.00 to $112.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Royal Bank of Canada raised their price target on Iron Mountain from $135.00 to $139.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company lowered their price target on Iron Mountain from $135.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Iron Mountain presently has a consensus rating of "Buy" and an average price target of $127.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IRM. Key Financial Inc lifted its stake in Iron Mountain by 25,100.0% during the fourth quarter. Key Financial Inc now owns 252 shares of the financial services provider's stock worth $26,000 after purchasing an additional 251 shares during the period. Halbert Hargrove Global Advisors LLC bought a new position in Iron Mountain during the fourth quarter worth about $26,000. IMG Wealth Management Inc. bought a new position in Iron Mountain during the fourth quarter worth about $26,000. Ashton Thomas Securities LLC bought a new position in Iron Mountain during the third quarter worth about $31,000. Finally, Teachers Insurance & Annuity Association of America bought a new position in Iron Mountain during the third quarter worth about $36,000. 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.