SG Americas Securities LLC Buys New Shares in Iron Mountain Incorporated $IRM

SG Americas Securities LLC purchased a new position in shares of Iron Mountain Incorporated (NYSE:IRM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 137,582 shares of the financial services provider’s stock, valued at approximately $11,412,000.

A number of other hedge funds also recently bought and sold shares of IRM. Quent Capital LLC acquired a new position in shares of Iron Mountain during the third quarter worth about $27,000. Johnson Financial Group Inc. acquired a new stake in Iron Mountain in the third quarter valued at approximately $32,000. Wealth Watch Advisors INC purchased a new position in Iron Mountain in the third quarter worth approximately $44,000. Global Wealth Strategies & Associates purchased a new position in Iron Mountain in the fourth quarter worth approximately $50,000. Finally, Washington Trust Advisors Inc. acquired a new position in Iron Mountain during the 3rd quarter worth approximately $54,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Stock Up 0.1%

Shares of NYSE IRM opened at $98.37 on Monday. The business has a 50-day moving average price of $101.93 and a 200 day moving average price of $96.64. The stock has a market cap of $29.26 billion, a PE ratio of 204.94 and a beta of 1.13. Iron Mountain Incorporated has a 52-week low of $72.33 and a 52-week high of $115.24.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.5%. Iron Mountain’s dividend payout ratio (DPR) is 720.83%.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 137,133 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $109.39, for a total transaction of $15,000,978.87. Following the transaction, the chief executive officer directly owned 295,975 shares of the company’s stock, valued at approximately $32,376,705.25. This trade represents a 31.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jennifer Allerton sold 7,000 shares of Iron Mountain stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $108.88, for a total transaction of $762,160.00. Following the completion of the transaction, the director owned 11,541 shares in the company, valued at approximately $1,256,584.08. This represents a 37.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 451,656 shares of company stock valued at $47,428,673. Insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Loop Capital set a $130.00 price objective on shares of Iron Mountain in a research report on Wednesday, March 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a research note on Thursday, January 22nd. Finally, Barclays lifted their price target on Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Iron Mountain presently has an average rating of “Moderate Buy” and an average 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.