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

Iron Mountain Incorporated (NYSE:IRM) EVP Mithu Bhargava sold 1,738 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 13,054 shares in the company, valued at approximately $1,211,933.36. This trade represents a 11.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 value of $863,400.87.

Iron Mountain Stock Down 2.1 %

Shares of Iron Mountain stock opened at $88.28 on Wednesday. Iron Mountain Incorporated has a 52 week low of $73.53 and a 52 week high of $130.24. The firm’s 50 day moving average is $101.46 and its two-hundred day moving average is $111.56. The firm has a market capitalization of $25.93 billion, a P/E ratio of 144.72, a P/E/G ratio of 5.15 and a beta of 1.01.

Iron Mountain (NYSE:IRM) last posted its earnings results on Thursday, February 13th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.70). Iron Mountain had a net margin of 2.95% and a negative return on equity of 401.83%. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period last year, the business earned $0.52 earnings per share. As a group, research analysts expect that Iron Mountain Incorporated will post 4.54 earnings per share for the current fiscal year.

Iron Mountain Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be issued a $0.785 dividend. This is an increase from Iron Mountain’s previous quarterly dividend of $0.72. This represents a $3.14 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Monday, March 17th. Iron Mountain’s payout ratio is presently 514.75%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wells Fargo & Company lowered their target price on Iron Mountain from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. StockNews.com upgraded shares of Iron Mountain from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. BNP Paribas upgraded shares of Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. dropped their price objective on shares of Iron Mountain from $125.00 to $112.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Finally, Barclays decreased their price objective on shares of Iron Mountain from $131.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Iron Mountain has a consensus rating of “Buy” and a consensus target price of $127.67.

Institutional Trading of Iron Mountain

A number of large investors have recently made changes to their positions in the company. Comprehensive Money Management Services LLC purchased a new stake in Iron Mountain in the fourth quarter valued at approximately $1,499,000. Park Square Financial Group LLC acquired a new position in shares of Iron Mountain in the 4th quarter valued at $314,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Iron Mountain in the 4th quarter valued at $39,687,000. Employees Retirement System of Texas boosted its stake in Iron Mountain by 28.6% during the 4th quarter. Employees Retirement System of Texas now owns 130,500 shares of the financial services provider’s stock worth $13,717,000 after purchasing an additional 29,000 shares during the period. Finally, Polar Asset Management Partners Inc. grew its position in Iron Mountain by 227.5% during the 4th quarter. Polar Asset Management Partners Inc. now owns 141,500 shares of the financial services provider’s stock worth $14,873,000 after purchasing an additional 98,300 shares during the last quarter. 80.13% of the stock is owned by institutional investors and hedge funds.

Iron Mountain Company Profile

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.