Iron Mountain Incorporated (NYSE:IRM) CEO William L. Meaney Sells 69,131 Shares

Iron Mountain Incorporated (NYSE:IRM) CEO William L. Meaney sold 69,131 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $104.85, for a total transaction of $7,248,385.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

William L. Meaney also recently made the following trade(s):

• On Wednesday, December 11th, William L. Meaney sold 15,872 shares of Iron Mountain stock. The shares were sold at an average price of $112.99, for a total value of $1,793,377.28.

Iron Mountain Trading Up 0.9 %

Shares of Iron Mountain stock opened at $105.70 on Friday. The company has a 50-day moving average of $115.05 and a two-hundred day moving average of $110.68. Iron Mountain Incorporated has a 12-month low of $64.68 and a 12-month high of $130.24. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 674.63. The stock has a market cap of $31.02 billion, a PE ratio of 293.62, a price-to-earnings-growth ratio of 6.70 and a beta of 0.98.

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be paid a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 2.71%. The ex-dividend date is Monday, December 16th. Iron Mountain’s payout ratio is currently 794.44%.

Analyst Ratings Changes

A number of research firms have recently issued reports on IRM. BNP Paribas raised Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Stifel Nicolaus boosted their price objective on shares of Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Royal Bank of Canada raised their target price on shares of Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Barclays cut their price target on shares of Iron Mountain from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Finally, Wells Fargo & Company boosted their target price on Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $131.00.

Institutional Trading of Iron Mountain

A number of institutional investors have recently bought and sold shares of the company. OneDigital Investment Advisors LLC boosted its position in shares of Iron Mountain by 1.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,986 shares of the financial services provider’s stock worth $711,000 after buying an additional 89 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Iron Mountain by 0.8% in the third quarter. Assenagon Asset Management S.A. now owns 11,372 shares of the financial services provider’s stock valued at $1,351,000 after purchasing an additional 92 shares during the last quarter. Geller Advisors LLC increased its stake in shares of Iron Mountain by 2.9% during the 3rd quarter. Geller Advisors LLC now owns 3,373 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 96 shares in the last quarter. Schmidt P J Investment Management Inc. raised its position in shares of Iron Mountain by 3.6% during the 3rd quarter. Schmidt P J Investment Management Inc. now owns 2,860 shares of the financial services provider’s stock worth $340,000 after purchasing an additional 100 shares during the last quarter. Finally, Claro Advisors LLC lifted its stake in Iron Mountain by 0.6% in the 3rd quarter. Claro Advisors LLC now owns 16,717 shares of the financial services provider’s stock valued at $1,986,000 after buying an additional 103 shares in the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

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.