Andra AP fonden Trims Position in Iron Mountain Incorporated $IRM

Andra AP fonden lowered its position in Iron Mountain Incorporated (NYSE:IRM) by 12.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 215,700 shares of the financial services provider’s stock after selling 30,200 shares during the quarter. Andra AP fonden owned about 0.07% of Iron Mountain worth $21,988,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. DNB Asset Management AS grew its stake in shares of Iron Mountain by 5.5% in the 3rd quarter. DNB Asset Management AS now owns 56,983 shares of the financial services provider’s stock valued at $5,809,000 after buying an additional 2,951 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Iron Mountain by 4.7% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 802,312 shares of the financial services provider’s stock valued at $81,788,000 after acquiring an additional 35,724 shares during the last quarter. Citizens Business Bank grew its position in Iron Mountain by 3.7% in the third quarter. Citizens Business Bank now owns 3,939 shares of the financial services provider’s stock worth $402,000 after acquiring an additional 139 shares during the period. Centersquare Investment Management LLC increased its stake in Iron Mountain by 23.8% during the third quarter. Centersquare Investment Management LLC now owns 2,514,464 shares of the financial services provider’s stock worth $256,324,000 after acquiring an additional 483,548 shares during the last quarter. Finally, US Bancorp DE raised its position in Iron Mountain by 1.6% in the third quarter. US Bancorp DE now owns 26,210 shares of the financial services provider’s stock valued at $2,672,000 after purchasing an additional 419 shares during the period. 80.13% of the stock is owned by hedge funds and other institutional investors.

Iron Mountain Price Performance

IRM stock opened at $108.26 on Friday. The business’s 50-day moving average is $94.17 and its two-hundred day moving average is $94.78. The firm has a market capitalization of $32.03 billion, a P/E ratio of 225.54 and a beta of 1.16. Iron Mountain Incorporated has a 1 year low of $72.33 and a 1 year high of $115.24.

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Monday, March 16th will be issued a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, March 16th. Iron Mountain’s dividend payout ratio (DPR) is presently 720.83%.

Wall Street Analysts Forecast Growth

IRM has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a report on Thursday, January 22nd. Barclays increased their target price on shares of Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, JPMorgan Chase & Co. boosted their price target 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. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Iron Mountain currently has a consensus rating of “Moderate Buy” and an average target price of $113.25.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $83.10, for a total value 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 trade represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William L. Meaney sold 38,482 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $83.17, for a total value of $3,200,547.94. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 119,607 shares of company stock valued at $9,970,025. Corporate insiders own 1.90% of the company’s stock.

About Iron Mountain

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.