Mitsubishi UFJ Trust & Banking Corp Has $12.03 Million Stock Holdings in Iron Mountain Incorporated $IRM

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 5.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,028 shares of the financial services provider’s stock after selling 6,205 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Iron Mountain were worth $12,032,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IRM. Vanguard Group Inc. boosted its position in Iron Mountain by 0.5% during the second quarter. Vanguard Group Inc. now owns 47,064,887 shares of the financial services provider’s stock valued at $4,827,445,000 after purchasing an additional 239,153 shares during the last quarter. State Street Corp raised its stake in shares of Iron Mountain by 0.6% during the 2nd quarter. State Street Corp now owns 16,809,643 shares of the financial services provider’s stock worth $1,737,002,000 after purchasing an additional 104,524 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Iron Mountain by 50.6% during the 2nd quarter. Invesco Ltd. now owns 4,289,583 shares of the financial services provider’s stock valued at $439,983,000 after buying an additional 1,440,629 shares during the last quarter. Norges Bank bought a new stake in shares of Iron Mountain in the 2nd quarter valued at approximately $419,457,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Iron Mountain by 4.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,625,808 shares of the financial services provider’s stock worth $371,899,000 after buying an additional 138,329 shares during the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO William L. Meaney sold 69,125 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $83.34, for a total transaction of $5,760,877.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Kidd sold 7,306 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $100.82, for a total transaction of $736,590.92. Following the completion of the sale, the executive vice president owned 73,081 shares in the company, valued at approximately $7,368,026.42. The trade was a 9.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 202,038 shares of company stock valued at $18,424,270. Corporate insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on IRM. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research report on Thursday, January 22nd. JPMorgan Chase & Co. lifted their price objective 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. Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Finally, Barclays restated an “overweight” rating and set a $126.00 target price on shares of Iron Mountain in a report on Tuesday, January 13th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $115.40.

Iron Mountain Trading Down 2.3%

NYSE:IRM opened at $91.69 on Wednesday. The firm has a market capitalization of $27.10 billion, a PE ratio of 173.00 and a beta of 1.13. Iron Mountain Incorporated has a 1 year low of $72.33 and a 1 year high of $108.15. The firm’s fifty day simple moving average is $86.00 and its 200 day simple moving average is $93.91.

Iron Mountain (NYSE:IRM) last released its earnings results on Wednesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.03. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Iron Mountain had a net margin of 2.40% and a negative return on equity of 112.70%. The business’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.13 EPS. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. As a group, analysts anticipate that Iron Mountain Incorporated will post 4.54 EPS for the current fiscal year.

Iron Mountain Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th were issued a $0.864 dividend. This is an increase from Iron Mountain’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend was Monday, December 15th. This represents a $3.46 dividend on an annualized basis and a yield of 3.8%. Iron Mountain’s payout ratio is 650.94%.

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.