Mutual Advisors LLC Sells 9,820 Shares of Iron Mountain Incorporated $IRM

Mutual Advisors LLC trimmed its position in Iron Mountain Incorporated (NYSE:IRM) by 7.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,636 shares of the financial services provider’s stock after selling 9,820 shares during the quarter. Mutual Advisors LLC’s holdings in Iron Mountain were worth $12,746,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Iron Mountain in the second quarter worth $419,457,000. Invesco Ltd. increased its stake in Iron Mountain by 50.6% in the 2nd quarter. Invesco Ltd. now owns 4,289,583 shares of the financial services provider’s stock worth $439,983,000 after acquiring an additional 1,440,629 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in shares of Iron Mountain in the 3rd quarter valued at about $109,941,000. Prudential Financial Inc. boosted its position in shares of Iron Mountain by 44.7% during the 2nd quarter. Prudential Financial Inc. now owns 1,945,769 shares of the financial services provider’s stock valued at $199,578,000 after acquiring an additional 601,290 shares during the last quarter. Finally, Amundi grew its holdings in shares of Iron Mountain by 45.5% during the second quarter. Amundi now owns 1,600,818 shares of the financial services provider’s stock worth $159,457,000 after purchasing an additional 500,884 shares in the last quarter. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Insider Buying and Selling

In related news, CEO William L. Meaney sold 69,125 shares of Iron Mountain stock in a transaction 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 legal filing with the SEC, which is available at the SEC website. Also, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction dated Friday, January 2nd. The shares were 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. The trade was a 9.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 194,732 shares of company stock valued at $17,687,679 in the last ninety days. 1.90% of the stock is currently owned by corporate insiders.

Iron Mountain Price Performance

IRM opened at $92.18 on Friday. The stock’s 50 day simple moving average is $86.45 and its 200 day simple moving average is $93.83. The firm has a market cap of $27.25 billion, a price-to-earnings ratio of 173.93 and a beta of 1.13. Iron Mountain Incorporated has a 1 year low of $72.33 and a 1 year high of $108.15.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.75 billion. During the same quarter in the prior year, the firm posted $1.13 earnings per share. The business’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. As a group, sell-side analysts anticipate that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th were issued a dividend of $0.864 per share. 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 3.7%. The ex-dividend date was Monday, December 15th. Iron Mountain’s dividend payout ratio (DPR) is currently 652.83%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Iron Mountain from $100.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Barclays restated an “overweight” rating and set a $126.00 price objective on shares of Iron Mountain in a research report on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a research report on Thursday, January 22nd. Finally, Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.