Aew Capital Management L P Has $32.14 Million Stock Holdings in Iron Mountain Incorporated $IRM

Aew Capital Management L P reduced its position in Iron Mountain Incorporated (NYSE:IRM) by 49.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 315,257 shares of the financial services provider’s stock after selling 304,420 shares during the period. Iron Mountain accounts for 1.8% of Aew Capital Management L P’s investment portfolio, making the stock its 17th biggest holding. Aew Capital Management L P’s holdings in Iron Mountain were worth $32,137,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in IRM. Quent Capital LLC bought a new stake in Iron Mountain during the 3rd quarter worth about $27,000. Washington Trust Advisors Inc. acquired a new stake in shares of Iron Mountain during the 3rd quarter worth approximately $54,000. First Horizon Corp bought a new stake in shares of Iron Mountain during the third quarter worth approximately $68,000. City Holding Co. acquired a new position in Iron Mountain in the third quarter valued at approximately $68,000. Finally, CYBER HORNET ETFs LLC bought a new position in Iron Mountain in the second quarter valued at approximately $79,000. Institutional investors own 80.13% of the company’s stock.

Iron Mountain Stock Performance

Shares of IRM stock opened at $113.30 on Wednesday. Iron Mountain Incorporated has a 52 week low of $72.33 and a 52 week high of $113.34. The company’s 50 day moving average price is $92.35 and its two-hundred day moving average price is $94.42. The company has a market capitalization of $33.52 billion, a P/E ratio of 236.05 and a beta of 1.16.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Monday, March 16th will be issued a dividend of $0.864 per share. The ex-dividend date is Monday, March 16th. This represents a $3.46 annualized dividend and a yield of 3.1%. Iron Mountain’s dividend payout ratio is presently 720.83%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on IRM. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a research report on Thursday, January 22nd. JPMorgan Chase & Co. lifted their price objective on Iron Mountain from $100.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Finally, Barclays increased 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. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Iron Mountain currently has an average rating of “Moderate Buy” and an average price target of $113.25.

Insiders Place Their Bets

In other news, EVP Mark Kidd sold 6,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $83.10, for a total value of $498,600.00. Following the completion of the sale, the executive vice president owned 55,081 shares of the company’s stock, valued at approximately $4,577,231.10. This represents a 9.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William L. Meaney sold 69,125 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $83.34, for a total transaction of $5,760,877.50. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 119,607 shares of company stock valued at $9,970,025. 1.90% of the stock is owned by insiders.

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.