Oregon Public Employees Retirement Fund Purchases 8,320 Shares of Iron Mountain Incorporated $IRM

Oregon Public Employees Retirement Fund raised its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 32.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,789 shares of the financial services provider’s stock after purchasing an additional 8,320 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Iron Mountain were worth $3,444,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Iron Mountain in the second quarter valued at $51,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Iron Mountain by 111.7% in the second quarter. Caitong International Asset Management Co. Ltd now owns 650 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 343 shares during the period. City Holding Co. bought a new stake in shares of Iron Mountain in the 3rd quarter worth about $68,000. CYBER HORNET ETFs LLC purchased a new position in shares of Iron Mountain during the 2nd quarter worth about $79,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of Iron Mountain during the 2nd quarter worth about $81,000. Institutional investors own 80.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on IRM. JPMorgan Chase & Co. boosted their target price on Iron Mountain from $100.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a research note on Wednesday, October 8th. Barclays boosted their price objective on shares of Iron Mountain from $122.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, November 12th. Finally, Jefferies Financial Group started coverage on shares of Iron Mountain in a research note on Monday, September 22nd. They issued a “buy” rating and a $120.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $114.80.

Insider Activity at Iron Mountain

In other news, CEO William L. Meaney sold 69,125 shares of Iron Mountain stock in a transaction on Monday, December 1st. The stock was sold at an average price of $83.34, for a total value of $5,760,877.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark Kidd sold 7,306 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $100.82, for a total value of $736,590.92. Following the sale, the executive vice president owned 73,081 shares of the company’s stock, valued at $7,368,026.42. This trade represents a 9.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 202,038 shares of company stock worth $18,424,270. 1.90% of the stock is currently owned by corporate insiders.

Iron Mountain Trading Up 2.1%

Shares of Iron Mountain stock opened at $89.16 on Monday. The stock’s fifty day moving average price is $87.17 and its 200-day moving average price is $94.53. The firm has a market cap of $26.36 billion, a P/E 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 earnings results 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. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Iron Mountain had a net margin of 2.40% and a negative return on equity of 112.70%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.13 EPS. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. Analysts forecast that Iron Mountain Incorporated will post 4.54 earnings per share for the current year.

Iron Mountain Increases Dividend

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

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.