Iron Mountain Incorporated (NYSE:IRM) COO Sells $300,930.00 in Stock

Iron Mountain Incorporated (NYSE:IRM) COO John Tomovcsik sold 2,866 shares of Iron Mountain stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $105.00, for a total transaction of $300,930.00. Following the completion of the transaction, the chief operating officer now directly owns 15,000 shares in the company, valued at $1,575,000. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

John Tomovcsik also recently made the following trade(s):

• On Tuesday, July 16th, John Tomovcsik sold 2,500 shares of Iron Mountain stock. The stock was sold at an average price of $100.00, for a total transaction of $250,000.00.
• On Thursday, June 20th, John Tomovcsik sold 35,084 shares of Iron Mountain stock. The shares were sold at an average price of $88.76, for a total transaction of $3,114,055.84.

Iron Mountain Price Performance

Iron Mountain stock opened at $106.69 on Monday. The company has a market cap of $31.27 billion, a P/E ratio of 161.65, a price-to-earnings-growth ratio of 6.49 and a beta of 0.98. Iron Mountain Incorporated has a one year low of $56.51 and a one year high of $112.79. The business has a fifty day moving average of $91.45 and a two-hundred day moving average of $81.19. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.86 and a current ratio of 0.79.

Iron Mountain Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Monday, September 16th will be paid a $0.715 dividend. This is a boost from Iron Mountain’s previous quarterly dividend of $0.65. The ex-dividend date is Monday, September 16th. This represents a $2.86 annualized dividend and a dividend yield of 2.68%. Iron Mountain’s dividend payout ratio (DPR) is 433.33%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Iron Mountain during the 2nd quarter valued at approximately $32,000. Blue Trust Inc. increased its stake in Iron Mountain by 201.7% in the 4th quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 242 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Iron Mountain during the second quarter worth $36,000. Headlands Technologies LLC purchased a new stake in Iron Mountain during the first quarter worth $38,000. Finally, Family Firm Inc. acquired a new stake in Iron Mountain in the second quarter valued at $45,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. The Goldman Sachs Group boosted their price target on Iron Mountain from $106.00 to $120.00 and gave the company a “buy” rating in a research report on Friday. Wells Fargo & Company upped their price target on Iron Mountain from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday. Stifel Nicolaus lifted their price objective on shares of Iron Mountain from $86.00 to $103.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Iron Mountain from $82.00 to $121.00 and gave the stock an “overweight” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Iron Mountain presently has a consensus rating of “Moderate Buy” and an average target price of $95.29.

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.