Iron Mountain Incorporated $IRM Shares Sold by Andra AP fonden

Andra AP fonden lessened its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 12.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 215,700 shares of the financial services provider’s stock after selling 30,200 shares during the quarter. Andra AP fonden’s holdings in Iron Mountain were worth $21,988,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. DNB Asset Management AS raised its stake in Iron Mountain by 5.5% during the 3rd quarter. DNB Asset Management AS now owns 56,983 shares of the financial services provider’s stock worth $5,809,000 after acquiring an additional 2,951 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Iron Mountain by 4.7% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 802,312 shares of the financial services provider’s stock worth $81,788,000 after purchasing an additional 35,724 shares during the last quarter. Citizens Business Bank increased its position in shares of Iron Mountain by 3.7% during the third quarter. Citizens Business Bank now owns 3,939 shares of the financial services provider’s stock worth $402,000 after purchasing an additional 139 shares in the last quarter. Centersquare Investment Management LLC boosted its position in shares of Iron Mountain by 23.8% in the 3rd quarter. Centersquare Investment Management LLC now owns 2,514,464 shares of the financial services provider’s stock valued at $256,324,000 after purchasing an additional 483,548 shares during the period. Finally, US Bancorp DE grew its stake in Iron Mountain by 1.6% during the 3rd quarter. US Bancorp DE now owns 26,210 shares of the financial services provider’s stock worth $2,672,000 after buying an additional 419 shares during the last quarter. 80.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on IRM shares. Barclays boosted their price objective on Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a research note on Monday. JPMorgan Chase & Co. lifted their target price on shares of Iron Mountain from $100.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a research report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $113.25.

Iron Mountain Stock Performance

Iron Mountain stock opened at $108.26 on Friday. The company has a market cap of $32.03 billion, a P/E ratio of 225.54 and a beta of 1.16. Iron Mountain Incorporated has a one year low of $72.33 and a one year high of $115.24. The business has a fifty day moving average of $94.17 and a two-hundred day moving average of $94.78.

Iron Mountain Announces Dividend

The business also recently disclosed 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 of this dividend is Monday, March 16th. This represents a $3.46 dividend on an annualized basis and a yield of 3.2%. Iron Mountain’s payout ratio is currently 720.83%.

Insider Activity

In other news, CEO William L. Meaney sold 69,125 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $83.34, for a total transaction of $5,760,877.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mark Kidd sold 6,000 shares of the company’s 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 in the company, valued at approximately $4,577,231.10. This represents a 9.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 119,607 shares of company stock worth $9,970,025 over the last 90 days. 1.90% of the stock is currently owned by company 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.