Investor s Fiduciary Advisor Network LLC Has $2.49 Million Position in Iron Mountain Incorporated $IRM

Investor s Fiduciary Advisor Network LLC cut its position in Iron Mountain Incorporated (NYSE:IRM) by 18.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,385 shares of the financial services provider’s stock after selling 5,643 shares during the quarter. Iron Mountain accounts for about 0.8% of Investor s Fiduciary Advisor Network LLC’s holdings, making the stock its 25th biggest holding. Investor s Fiduciary Advisor Network LLC’s holdings in Iron Mountain were worth $2,485,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quent Capital LLC bought a new position in Iron Mountain in the 3rd quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd grew its holdings in Iron Mountain by 111.7% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 650 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 343 shares during the last quarter. City Holding Co. acquired a new position in Iron Mountain in the 3rd quarter valued at approximately $68,000. First Horizon Corp acquired a new position in shares of Iron Mountain during the third quarter worth $68,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Iron Mountain during the second quarter worth $79,000. 80.13% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Mark Kidd sold 7,306 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $100.82, for a total value of $736,590.92. Following the transaction, the executive vice president owned 73,081 shares of the company’s stock, valued at approximately $7,368,026.42. This trade represents a 9.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William L. Meaney sold 69,125 shares of the business’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 value of $5,760,877.50. The disclosure for this sale is available in the SEC filing. Insiders sold 202,038 shares of company stock worth $18,424,270 over the last ninety days. Insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on IRM shares. Barclays restated an “overweight” rating and issued a $126.00 price objective on shares of Iron Mountain in a report on Tuesday, January 13th. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a research report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. upped their target price on Iron Mountain from $100.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Iron Mountain has an average rating of “Moderate Buy” and an average price target of $115.40.

Iron Mountain Trading Up 0.6%

IRM opened at $92.27 on Thursday. The company has a fifty day moving average price of $86.11 and a two-hundred day moving average price of $93.90. Iron Mountain Incorporated has a 1-year low of $72.33 and a 1-year high of $108.15. The company has a market cap of $27.27 billion, a P/E ratio of 174.09 and a beta of 1.13.

Iron Mountain (NYSE:IRM) last issued its earnings results on Wednesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, beating the consensus estimate of $1.29 by $0.03. Iron Mountain had a negative return on equity of 112.70% and a net margin of 2.40%.The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period last year, the business posted $1.13 EPS. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. On average, research analysts forecast that Iron Mountain Incorporated will post 4.54 EPS for the current fiscal year.

Iron Mountain Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th were issued a dividend of $0.864 per share. The ex-dividend date was Monday, December 15th. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.79. This represents a $3.46 annualized dividend and a yield of 3.7%. Iron Mountain’s dividend payout ratio is currently 652.83%.

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.