Aew Capital Management L P Sells 304,420 Shares of Iron Mountain Incorporated $IRM

Aew Capital Management L P trimmed its position in Iron Mountain Incorporated (NYSE:IRM) by 49.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 315,257 shares of the financial services provider’s stock after selling 304,420 shares during the quarter. Iron Mountain accounts for 1.8% of Aew Capital Management L P’s portfolio, making the stock its 17th largest position. Aew Capital Management L P owned about 0.11% of Iron Mountain worth $32,137,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Quent Capital LLC bought a new stake in Iron Mountain in the 3rd quarter valued at $27,000. Washington Trust Advisors Inc. acquired a new stake in shares of Iron Mountain during the 3rd quarter valued at about $54,000. First Horizon Corp acquired a new stake in shares of Iron Mountain during the 3rd quarter valued at about $68,000. City Holding Co. bought a new stake in Iron Mountain in the third quarter valued at about $68,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Iron Mountain in the second quarter worth about $79,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Trading Up 1.9%

NYSE:IRM opened at $113.30 on Wednesday. The stock has a market capitalization of $33.52 billion, a P/E ratio of 236.05 and a beta of 1.16. Iron Mountain Incorporated has a 1 year low of $72.33 and a 1 year high of $113.34. The firm has a 50 day moving average of $92.35 and a 200-day moving average of $94.42.

Iron Mountain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Monday, March 16th will be paid a $0.864 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.46 dividend on an annualized basis and a yield of 3.1%. Iron Mountain’s payout ratio is currently 720.83%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Iron Mountain from $100.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Barclays increased their target price on Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Iron Mountain presently has a consensus rating of “Moderate Buy” and an average price target of $113.25.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 38,482 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $83.17, for a total transaction of $3,200,547.94. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mark Kidd sold 6,000 shares of the firm’s 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 completion of the sale, the executive vice president owned 55,081 shares of the company’s stock, valued at $4,577,231.10. The trade was a 9.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 119,607 shares of company stock worth $9,970,025 in the last 90 days. Company insiders own 1.90% of the company’s stock.

Iron Mountain 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.