Centersquare Investment Management LLC Acquires 483,548 Shares of Iron Mountain Incorporated $IRM

Centersquare Investment Management LLC raised its holdings in Iron Mountain Incorporated (NYSE:IRM) by 23.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,514,464 shares of the financial services provider’s stock after buying an additional 483,548 shares during the quarter. Iron Mountain accounts for about 2.6% of Centersquare Investment Management LLC’s investment portfolio, making the stock its 14th largest position. Centersquare Investment Management LLC owned about 0.85% of Iron Mountain worth $256,324,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Intact Investment Management Inc. acquired a new stake in Iron Mountain during the third quarter worth $3,588,000. Sei Investments Co. lifted its holdings in shares of Iron Mountain by 4.2% during the 2nd quarter. Sei Investments Co. now owns 885,080 shares of the financial services provider’s stock worth $90,783,000 after acquiring an additional 35,301 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Iron Mountain by 11.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 65,386 shares of the financial services provider’s stock valued at $6,707,000 after acquiring an additional 6,937 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its stake in Iron Mountain by 17.2% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 103,960 shares of the financial services provider’s stock valued at $10,598,000 after acquiring an additional 15,225 shares during the period. Finally, AGF Management Ltd. raised its position in Iron Mountain by 178.0% in the third quarter. AGF Management Ltd. now owns 22,185 shares of the financial services provider’s stock worth $2,262,000 after purchasing an additional 14,205 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Transactions at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 38,482 shares of the firm’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark Kidd sold 6,000 shares of the business’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 completion of the transaction, the executive vice president directly owned 55,081 shares of the company’s stock, valued at approximately $4,577,231.10. This represents a 9.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 119,607 shares of company stock worth $9,970,025. Insiders own 1.90% of the company’s stock.

Iron Mountain Price Performance

IRM stock opened at $111.84 on Thursday. The business has a fifty day moving average price of $93.00 and a 200 day moving average price of $94.55. Iron Mountain Incorporated has a fifty-two week low of $72.33 and a fifty-two week high of $115.24. The stock has a market capitalization of $33.09 billion, a price-to-earnings ratio of 233.00 and a beta of 1.16.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Monday, March 16th will be given a dividend of $0.864 per share. The ex-dividend date is Monday, March 16th. This represents a $3.46 annualized dividend and a yield of 3.1%. Iron Mountain’s dividend payout ratio is 720.83%.

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.