Iron Mountain Incorporated $IRM Position Boosted by Tredje AP fonden

Tredje AP fonden grew its holdings in Iron Mountain Incorporated (NYSE:IRM) by 35.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,287 shares of the financial services provider’s stock after purchasing an additional 8,230 shares during the period. Tredje AP fonden’s holdings in Iron Mountain were worth $3,189,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Intact Investment Management Inc. acquired a new position in shares of Iron Mountain during the 3rd quarter valued at about $3,588,000. Sei Investments Co. boosted its position in Iron Mountain by 4.2% during the second quarter. Sei Investments Co. now owns 885,080 shares of the financial services provider’s stock worth $90,783,000 after purchasing an additional 35,301 shares during the period. PNC Financial Services Group Inc. grew its holdings in Iron Mountain by 11.9% during the second quarter. PNC Financial Services Group Inc. now owns 65,386 shares of the financial services provider’s stock valued at $6,707,000 after purchasing an additional 6,937 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of 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 purchasing an additional 15,225 shares during the period. Finally, AGF Management Ltd. lifted its stake in shares of 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 buying an additional 14,205 shares during the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Stock Performance

NYSE IRM opened at $110.24 on Friday. The firm has a 50-day simple moving average of $91.13 and a 200 day simple moving average of $94.10. Iron Mountain Incorporated has a twelve month low of $72.33 and a twelve month high of $111.63. The stock has a market cap of $32.61 billion, a PE ratio of 229.66 and a beta of 1.16.

Iron Mountain Announces Dividend

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 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 3.1%. Iron Mountain’s payout ratio is currently 720.83%.

Analyst Ratings Changes

IRM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised 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. Barclays reiterated an “overweight” rating and issued a $126.00 price objective on shares of Iron Mountain in a research note on Tuesday, January 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $113.00.

Insider Buying and Selling at Iron Mountain

In related news, CEO William L. Meaney sold 69,125 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $83.34, for a total value of $5,760,877.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $83.10, for a total transaction of $498,600.00. Following the completion of 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 position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 119,607 shares of company stock valued at $9,970,025. 1.90% of the stock is owned by company insiders.

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.