Insider Selling: Iron Mountain (NYSE:IRM) CEO Sells $3,951,664.54 in Stock

Iron Mountain Incorporated (NYSE:IRM) CEO William Meaney sold 38,474 shares of Iron Mountain stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $102.71, for a total transaction of $3,951,664.54. Following the sale, the chief executive officer owned 38,474 shares of the company’s stock, valued at approximately $3,951,664.54. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Iron Mountain Stock Performance

Shares of IRM opened at $103.36 on Friday. Iron Mountain Incorporated has a 1 year low of $72.33 and a 1 year high of $115.24. The company’s 50 day simple moving average is $102.68 and its 200 day simple moving average is $96.74. The company has a market capitalization of $30.75 billion, a price-to-earnings ratio of 215.34 and a beta of 1.13.

Iron Mountain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Shareholders of record on Monday, March 16th were paid a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, March 16th. Iron Mountain’s dividend payout ratio is currently 720.83%.

Institutional Trading of Iron Mountain

Institutional investors have recently made changes to their positions in the stock. Garton & Associates Financial Advisors LLC acquired a new position in Iron Mountain in the fourth quarter valued at $25,000. Quent Capital LLC acquired a new stake in Iron Mountain during the third quarter worth about $27,000. Beaird Harris Wealth Management LLC raised its holdings in shares of Iron Mountain by 17,500.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 350 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of Iron Mountain in the 3rd quarter valued at about $32,000. Finally, Bayban acquired a new position in shares of Iron Mountain in the 4th quarter valued at about $33,000. 80.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on IRM shares. Barclays upped their target price on Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research note on Thursday, January 22nd. Finally, Loop Capital set a $130.00 price target on Iron Mountain in a report on Wednesday, March 4th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Iron Mountain currently has an average rating of “Moderate Buy” and a consensus target price of $116.60.

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.