Polar Asset Management Partners Inc. Has $2.13 Million Stock Holdings in Iron Mountain Incorporated $IRM

Polar Asset Management Partners Inc. decreased its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 64.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 20,919 shares of the financial services provider’s stock after selling 38,727 shares during the period. Polar Asset Management Partners Inc.’s holdings in Iron Mountain were worth $2,132,000 at the end of the most recent reporting period.

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

Iron Mountain Stock Performance

Shares of IRM opened at $105.12 on Friday. The stock has a 50 day simple moving average of $100.92 and a 200 day simple moving average of $96.26. Iron Mountain Incorporated has a 52-week low of $72.33 and a 52-week high of $115.24. The firm has a market capitalization of $31.10 billion, a PE ratio of 218.99 and a beta of 1.13.

Iron Mountain Announces Dividend

The business 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 of this dividend is Monday, March 16th. This represents a $3.46 annualized dividend and a dividend yield of 3.3%. Iron Mountain’s dividend payout ratio is currently 720.83%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IRM. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research note on Thursday, January 22nd. Loop Capital set a $130.00 target price on shares of Iron Mountain in a research note on Wednesday, March 4th. Finally, Barclays increased their target price on shares of Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Iron Mountain currently has an average rating of “Moderate Buy” and a consensus target price of $116.60.

Insider Transactions at Iron Mountain

In related news, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $107.27, for a total transaction of $643,620.00. Following the sale, the executive vice president directly owned 131,507 shares in the company, valued at $14,106,755.89. This trade represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jennifer Allerton sold 7,000 shares of the business’s 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 sale, the director directly owned 11,541 shares in the company, valued at $1,256,584.08. This represents a 37.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 391,931 shares of company stock valued at $41,180,243 over the last quarter. Corporate insiders own 1.90% of the company’s stock.

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.