John Tomovcsik Sells 35,084 Shares of Iron Mountain Incorporated (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRM) COO John Tomovcsik sold 35,084 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $88.76, for a total transaction of $3,114,055.84. Following the sale, the chief operating officer now directly owns 20,366 shares in the company, valued at $1,807,686.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Iron Mountain Price Performance

Shares of IRM opened at $88.54 on Wednesday. The firm has a market capitalization of $25.95 billion, a PE ratio of 134.15, a PEG ratio of 5.26 and a beta of 0.95. The company’s 50-day moving average is $81.40 and its 200-day moving average is $75.57. Iron Mountain Incorporated has a fifty-two week low of $53.97 and a fifty-two week high of $89.91. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.86 and a quick ratio of 0.86.

Iron Mountain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, June 17th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Monday, June 17th. Iron Mountain’s payout ratio is presently 393.95%.

Hedge Funds Weigh In On Iron Mountain

Large investors have recently modified their holdings of the stock. Blue Trust Inc. increased its position in Iron Mountain by 201.7% during the fourth quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 242 shares during the period. Exchange Traded Concepts LLC bought a new position in Iron Mountain during the fourth quarter worth about $26,000. CVA Family Office LLC bought a new position in Iron Mountain during the fourth quarter worth about $32,000. Transcendent Capital Group LLC bought a new position in Iron Mountain during the fourth quarter worth about $36,000. Finally, Heritage Wealth Advisors bought a new position in Iron Mountain during the fourth quarter worth about $38,000. 80.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

IRM has been the topic of several analyst reports. Barclays upped their price target on shares of Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. Wells Fargo & Company upped their price target on shares of Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.80.

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.