Arkadios Wealth Advisors Purchases Shares of 2,038 Iron Mountain Incorporated $IRM

Arkadios Wealth Advisors bought a new position in Iron Mountain Incorporated (NYSE:IRM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,038 shares of the financial services provider’s stock, valued at approximately $209,000.

Other large investors have also bought and sold shares of the company. Financial Network Wealth Advisors LLC acquired a new position in Iron Mountain in the first quarter worth $26,000. Ramirez Asset Management Inc. bought a new stake in shares of Iron Mountain during the first quarter valued at approximately $34,000. Richards Merrill & Peterson Inc. acquired a new position in Iron Mountain during the 1st quarter worth $43,000. Zions Bancorporation National Association UT bought a new position in Iron Mountain in the 1st quarter valued at $46,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in Iron Mountain in the 2nd quarter valued at $51,000. 80.13% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO William L. Meaney sold 69,125 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $102.34, for a total transaction of $7,074,252.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Kidd sold 7,306 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $100.82, for a total value of $736,590.92. Following the transaction, the executive vice president owned 73,081 shares of the company’s stock, valued at approximately $7,368,026.42. The trade was a 9.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 226,681 shares of company stock valued at $22,265,632. Company insiders own 1.90% of the company’s stock.

Iron Mountain Price Performance

NYSE IRM opened at $100.79 on Friday. Iron Mountain Incorporated has a one year low of $72.33 and a one year high of $125.38. The firm has a market cap of $29.77 billion, a P/E ratio of 719.99 and a beta of 1.06. The stock’s 50-day moving average is $100.94 and its 200-day moving average is $98.17.

Iron Mountain (NYSE:IRM) last posted its earnings results on Wednesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.03. Iron Mountain had a negative return on equity of 146.80% and a net margin of 0.66%.The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the prior year, the business earned $1.13 EPS. Iron Mountain’s revenue for the quarter was up 12.7% compared to the same quarter last year. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. Equities analysts anticipate that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be given a $0.864 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $3.46 annualized dividend and a yield of 3.4%. This is an increase from Iron Mountain’s previous quarterly dividend of $0.79. Iron Mountain’s payout ratio is presently 592.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. 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 report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research note on Wednesday, October 8th. Barclays raised their price objective on shares of Iron Mountain from $121.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Finally, Jefferies Financial Group began coverage on shares of Iron Mountain in a research report on Monday, September 22nd. They set a “buy” rating and a $120.00 target price for the company. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $118.67.

Iron Mountain Company Profile

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers’ work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.