Iron Mountain Incorporated $IRM Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its position in Iron Mountain Incorporated (NYSE:IRM) by 13.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,828 shares of the financial services provider’s stock after selling 27,960 shares during the period. Commonwealth Equity Services LLC owned approximately 0.06% of Iron Mountain worth $17,924,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC increased its stake in shares of Iron Mountain by 7.2% during the third quarter. Fifth Third Wealth Advisors LLC now owns 3,036 shares of the financial services provider’s stock worth $309,000 after acquiring an additional 204 shares during the period. Penobscot Investment Management Company Inc. boosted its holdings in Iron Mountain by 52.6% in the 3rd quarter. Penobscot Investment Management Company Inc. now owns 7,690 shares of the financial services provider’s stock valued at $784,000 after purchasing an additional 2,650 shares in the last quarter. Global Retirement Partners LLC increased its position in Iron Mountain by 6.8% during the 3rd quarter. Global Retirement Partners LLC now owns 7,036 shares of the financial services provider’s stock worth $717,000 after purchasing an additional 450 shares during the period. Tectonic Advisors LLC raised its stake in shares of Iron Mountain by 15.6% during the 3rd quarter. Tectonic Advisors LLC now owns 148,375 shares of the financial services provider’s stock worth $15,125,000 after buying an additional 19,999 shares in the last quarter. Finally, RB Capital Management LLC lifted its holdings in shares of Iron Mountain by 2.5% in the 3rd quarter. RB Capital Management LLC now owns 46,739 shares of the financial services provider’s stock valued at $4,765,000 after buying an additional 1,120 shares during the period. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Iron Mountain Price Performance

Shares of NYSE IRM opened at $89.16 on Friday. The firm’s 50-day moving average is $87.17 and its two-hundred day moving average is $94.66. The company has a market capitalization of $26.36 billion, a PE ratio of 168.23 and a beta of 1.13. Iron Mountain Incorporated has a 12-month low of $72.33 and a 12-month high of $112.18.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.03. Iron Mountain had a negative return on equity of 112.70% and a net margin of 2.40%.The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the previous year, the firm posted $1.13 EPS. The company’s quarterly revenue 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. On average, analysts forecast that Iron Mountain Incorporated will post 4.54 EPS for the current fiscal year.

Iron Mountain Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were paid a dividend of $0.864 per share. The ex-dividend date of this dividend was Monday, December 15th. This is an increase from Iron Mountain’s previous quarterly dividend of $0.79. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.9%. Iron Mountain’s dividend payout ratio is 652.83%.

Analyst Upgrades and Downgrades

IRM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Iron Mountain from $100.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Barclays upped their price target on shares of Iron Mountain from $122.00 to $123.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a research note on Wednesday, October 8th. Jefferies Financial Group started 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 on the stock. Finally, Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Iron Mountain currently has an average rating of “Moderate Buy” and a consensus target price of $114.80.

Insider Transactions at Iron Mountain

In related news, CEO William L. Meaney sold 38,482 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $83.17, for a total value of $3,200,547.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $83.10, for a total transaction of $498,600.00. Following the sale, the executive vice president directly owned 55,081 shares in the company, valued at $4,577,231.10. This represents a 9.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 202,038 shares of company stock valued at $18,424,270. 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.