Mutual Advisors LLC Lowers Position in Iron Mountain Incorporated $IRM

Mutual Advisors LLC cut its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 7.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 122,636 shares of the financial services provider’s stock after selling 9,820 shares during the period. Mutual Advisors LLC’s holdings in Iron Mountain were worth $12,746,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IRM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Iron Mountain by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider’s stock valued at $2,573,000 after buying an additional 1,286 shares in the last quarter. Empowered Funds LLC lifted its position in Iron Mountain by 10.3% during the 1st quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock valued at $493,000 after acquiring an additional 537 shares during the period. Woodline Partners LP grew its holdings in Iron Mountain by 41.0% in the first quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider’s stock worth $2,129,000 after purchasing an additional 7,193 shares during the period. HB Wealth Management LLC increased its stake in shares of Iron Mountain by 3.1% during the second quarter. HB Wealth Management LLC now owns 10,022 shares of the financial services provider’s stock valued at $1,028,000 after purchasing an additional 299 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Iron Mountain during the second quarter valued at approximately $349,000. Institutional investors own 80.13% of the company’s stock.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 69,125 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $102.75, for a total value of $7,102,593.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction 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 $4,577,231.10. This trade represents a 9.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 194,732 shares of company stock worth $17,687,679 over the last three months. Insiders own 1.90% of the company’s stock.

Iron Mountain Stock Performance

Shares of NYSE:IRM opened at $92.18 on Friday. The firm has a market cap of $27.25 billion, a price-to-earnings ratio of 173.93 and a beta of 1.13. The business has a 50-day simple moving average of $86.45 and a two-hundred day simple moving average of $93.83. Iron Mountain Incorporated has a fifty-two week low of $72.33 and a fifty-two week high of $108.15.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.03. Iron Mountain had a net margin of 2.40% and a negative return on equity of 112.70%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period in the previous year, the business posted $1.13 earnings per share. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. As a group, research analysts predict that Iron Mountain Incorporated will post 4.54 earnings per share for the current year.

Iron Mountain Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th were paid a dividend of $0.864 per share. The ex-dividend date was Monday, December 15th. This represents a $3.46 dividend on an annualized basis and a yield of 3.7%. This is a boost from Iron Mountain’s previous quarterly dividend of $0.79. Iron Mountain’s dividend payout ratio (DPR) is presently 652.83%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a research note on Thursday, January 22nd. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. JPMorgan Chase & Co. increased their target price 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 reaffirmed an “overweight” rating and issued a $126.00 price target on shares of Iron Mountain in a research report on Tuesday, January 13th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Iron Mountain presently has a consensus rating of “Moderate Buy” and an average price target of $115.40.

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.