Iron Mountain Incorporated (NYSE:IRM – Get Free Report) CEO William Meaney sold 38,474 shares of Iron Mountain stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $121.67, for a total value of $4,681,131.58. Following the completion of the transaction, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $4,681,131.58. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Iron Mountain Stock Performance
NYSE:IRM opened at $124.51 on Thursday. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week high of $134.68. The firm’s fifty day moving average is $124.54 and its 200-day moving average is $115.62. The firm has a market cap of $37.07 billion, a P/E ratio of 88.94 and a beta of 1.20.
Iron Mountain Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Tuesday, September 15th. Iron Mountain’s dividend payout ratio (DPR) is presently 247.14%.
Wall Street Analyst Weigh In
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. BDFS Capital LLC bought a new position in Iron Mountain in the 4th quarter valued at $340,000. Allstate Corp boosted its holdings in shares of Iron Mountain by 105.1% in the 4th quarter. Allstate Corp now owns 22,427 shares of the financial services provider’s stock worth $1,860,000 after buying an additional 11,492 shares during the last quarter. Intact Investment Management Inc. increased its holdings in Iron Mountain by 103.4% during the fourth quarter. Intact Investment Management Inc. now owns 71,600 shares of the financial services provider’s stock worth $5,939,000 after buying an additional 36,400 shares during the last quarter. Stevens Capital Management LP bought a new stake in Iron Mountain in the fourth quarter worth about $1,262,000. Finally, Tectonic Advisors LLC boosted its stake in Iron Mountain by 9.7% in the fourth quarter. Tectonic Advisors LLC now owns 162,777 shares of the financial services provider’s stock valued at $13,502,000 after acquiring an additional 14,402 shares during the last quarter. 80.13% of the stock is owned by institutional investors.
Iron Mountain Company Profile
Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.
Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.
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