Siemens Fonds Invest GmbH Increases Stock Holdings in Iron Mountain Incorporated $IRM

Siemens Fonds Invest GmbH increased its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 22.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 38,958 shares of the financial services provider’s stock after acquiring an additional 7,013 shares during the period. Siemens Fonds Invest GmbH’s holdings in Iron Mountain were worth $3,971,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Koshinski Asset Management Inc. lifted its position in shares of Iron Mountain by 2.0% during the third quarter. Koshinski Asset Management Inc. now owns 5,108 shares of the financial services provider’s stock worth $521,000 after purchasing an additional 98 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its stake in shares of Iron Mountain by 3.6% in the third quarter. NorthCrest Asset Manangement LLC now owns 2,929 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 103 shares during the period. Continuum Advisory LLC grew its holdings in Iron Mountain by 5.3% during the 3rd quarter. Continuum Advisory LLC now owns 2,077 shares of the financial services provider’s stock valued at $212,000 after purchasing an additional 104 shares in the last quarter. Natural Investments LLC grew its holdings in Iron Mountain by 3.1% during the 3rd quarter. Natural Investments LLC now owns 3,581 shares of the financial services provider’s stock valued at $365,000 after purchasing an additional 107 shares in the last quarter. Finally, Merit Financial Group LLC increased its stake in Iron Mountain by 0.5% during the 3rd quarter. Merit Financial Group LLC now owns 19,930 shares of the financial services provider’s stock worth $2,032,000 after buying an additional 109 shares during the period. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insider Activity

In other news, EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $107.27, for a total value of $643,620.00. Following the sale, the executive vice president owned 131,507 shares in the company, valued at approximately $14,106,755.89. This represents a 4.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction, the director directly owned 11,541 shares in the company, valued at $1,256,584.08. The trade was a 37.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 391,931 shares of company stock worth $41,180,243. 1.90% of the stock is currently owned by corporate insiders.

Iron Mountain Trading Down 0.5%

Shares of NYSE:IRM opened at $106.83 on Friday. The firm has a market cap of $31.60 billion, a PE ratio of 222.55 and a beta of 1.13. The company has a fifty day simple moving average of $99.25 and a 200 day simple moving average of $95.86. Iron Mountain Incorporated has a 12-month low of $72.33 and a 12-month high of $115.24.

Iron Mountain Announces Dividend

The business 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 $0.864 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.46 annualized dividend and a dividend yield of 3.2%. Iron Mountain’s payout ratio is presently 720.83%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on IRM shares. 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a research report on Thursday, January 22nd. Finally, Loop Capital set a $130.00 price target on Iron Mountain in a research note on Wednesday, March 4th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.