Iron Mountain Inc. (NYSE: IRM) is 61.97% higher on its value in year-to-date trading and has touched a low of $56.51 and a high of $112.93 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IRM stock was last observed hovering at around $112.78 in the last trading session, with the day’s gains setting it 0.57%.
Currently trading at $113.35, the stock is 6.11% and 15.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing 0.51% at the moment leaves the stock 43.11% off its SMA200. IRM registered 85.66% gain for a year compared to 6-month gain of 51.07%.
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The stock witnessed a 16.98% loss in the last 1 month and extending the period to 3 months gives it a 42.97%, and is 4.66% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.65% over the week and 2.64% over the month.
Iron Mountain Inc. (IRM) has around 27000 employees, a market worth around $33.25B and $5.82B in sales. Current P/E ratio is 145.75 and Fwd P/E is 53.52. Profit margin for the company is 3.94%. Distance from 52-week low is 100.58% and 0.37% from its 52-week high. The company has generated returns on investments over the last 12 months (1.52%).
The EPS is expected to grow by 4.38% this year.
Iron Mountain Inc. (IRM) Top Institutional Holders
1323.0 institutions hold shares in Iron Mountain Inc. (IRM), with institutional investors hold 86.80% of the company’s shares. The shares outstanding are 292.14M, and float is at 290.97M with Short Float at 4.38%. Institutions hold 86.09% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 46.64 million shares valued at $4.18 billion. The investor’s holdings represent 15.933% of the IRM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 27.89 million shares valued at $2.5 billion to account for 9.5277 of the shares outstanding. The other top investors are COHEN & STEERS, INC. which holds 23.05 million shares representing 7.8741% and valued at over $2.07 billion, while STATE STREET CORP holds 5.9834 of the shares totaling 17.52 million with a market value of $1.58 billion.
Iron Mountain Inc. (IRM) Insider Activity
The most recent transaction is an insider sale by Baker-Greene Edward, the company’s EVP, CHRO. SEC filings show that Baker-Greene Edward sold 2,262 shares of the company’s common stock on Aug 20 ’24 at a price of $109.75 per share for a total of $0.25 million. Following the sale, the insider now owns 9049.0 shares.
Iron Mountain Inc. disclosed in a document filed with the SEC on Aug 19 ’24 that Tomovcsik John (EVP, Chief Operating Officer) sold a total of 1,000 shares of the company’s common stock. The trade occurred on Aug 19 ’24 and was made at $110.00 per share for $0.11 million. Following the transaction, the insider now directly holds 14000.0 shares of the IRM stock.
Still, SEC filings show that on Aug 20 ’24, Meaney William L (President and CEO) disposed off 15,875 shares at an average price of $109.75 for $1.74 million. The insider now directly holds 295,650 shares of Iron Mountain Inc. (IRM).
