American Century Companies Inc. Has $56.28 Million Stake in Iron Mountain Incorporated $IRM

American Century Companies Inc. trimmed its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 25.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 552,049 shares of the financial services provider’s stock after selling 193,217 shares during the period. American Century Companies Inc. owned approximately 0.19% of Iron Mountain worth $56,276,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Iron Mountain by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider’s stock valued at $2,573,000 after purchasing an additional 1,286 shares during the period. Empowered Funds LLC lifted its holdings in shares of Iron Mountain by 10.3% during the first quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock worth $493,000 after buying an additional 537 shares during the last quarter. Woodline Partners LP boosted its position in shares of Iron Mountain by 41.0% in the first quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider’s stock valued at $2,129,000 after acquiring an additional 7,193 shares during the period. Arkadios Wealth Advisors acquired a new stake in shares of Iron Mountain in the second quarter worth $209,000. Finally, Assetmark Inc. grew its stake in shares of Iron Mountain by 104.3% in the second quarter. Assetmark Inc. now owns 2,686 shares of the financial services provider’s stock worth $276,000 after acquiring an additional 1,371 shares during the last quarter. 80.13% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO William L. Meaney sold 98,659 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $107.36, for a total value of $10,592,030.24. Following the sale, the chief executive officer owned 98,657 shares of the company’s stock, valued at approximately $10,591,815.52. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jennifer Allerton sold 7,000 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $108.88, for a total transaction of $762,160.00. Following the sale, the director owned 11,541 shares of the company’s stock, valued at $1,256,584.08. This trade represents a 37.75% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 293,274 shares of company stock worth $30,697,937. Corporate insiders own 1.90% of the company’s stock.

Iron Mountain Trading Down 0.6%

Shares of IRM opened at $107.15 on Friday. The stock has a market cap of $31.70 billion, a PE ratio of 223.23 and a beta of 1.13. Iron Mountain Incorporated has a 1 year low of $72.33 and a 1 year high of $115.24. The stock has a 50 day simple moving average of $96.37 and a 200-day simple moving average of $95.22.

Iron Mountain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Monday, March 16th will be issued a dividend of $0.864 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.2%. Iron Mountain’s dividend payout ratio (DPR) is presently 718.75%.

Analyst Ratings Changes

IRM has been the subject of several research analyst reports. JPMorgan Chase & Co. upped 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. Loop Capital set a $130.00 price objective on shares of Iron Mountain in a report on Wednesday. Barclays upped their price objective on shares of Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.60.

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.