Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Iron Mountain Incorporated (NYSE:IRM – Free Report) by 22.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 202,316 shares of the financial services provider’s stock after buying an additional 37,605 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Iron Mountain were worth $20,665,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of IRM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Iron Mountain by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider’s stock valued at $2,573,000 after acquiring an additional 1,286 shares during the period. Empowered Funds LLC grew its holdings in Iron Mountain by 10.3% in the first quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock worth $493,000 after purchasing an additional 537 shares during the period. Woodline Partners LP grew its holdings in Iron Mountain by 41.0% in the first quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider’s stock worth $2,129,000 after purchasing an additional 7,193 shares during the period. EverSource Wealth Advisors LLC increased its stake in Iron Mountain by 29.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 300 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in Iron Mountain by 3.6% in the second quarter. Cerity Partners LLC now owns 35,292 shares of the financial services provider’s stock valued at $3,620,000 after purchasing an additional 1,222 shares in the last quarter. Institutional investors own 80.13% of the company’s stock.
Iron Mountain Trading Down 0.2%
IRM opened at $121.30 on Monday. Iron Mountain Incorporated has a 1-year low of $77.77 and a 1-year high of $134.68. The company has a market cap of $36.09 billion, a price-to-earnings ratio of 133.29 and a beta of 1.19. The company’s fifty day moving average price is $126.07 and its two-hundred day moving average price is $109.70.
Iron Mountain Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were paid a dividend of $0.864 per share. The ex-dividend date was Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.8%. Iron Mountain’s payout ratio is 379.12%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the stock. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. boosted their target price on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Truist Financial set a $140.00 price target on Iron Mountain in a research note on Friday, May 1st. Wells Fargo & Company increased their price target on Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings cut Iron Mountain from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.33.
Get Our Latest Stock Report on Iron Mountain
Insider Buying and Selling at Iron Mountain
In other Iron Mountain news, Director Pamela M. Arway sold 1,892 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $128.97, for a total transaction of $244,011.24. Following the completion of the sale, the director directly owned 40,196 shares of the company’s stock, valued at approximately $5,184,078.12. The trade was a 4.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Daniel Borges sold 7,189 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $125.50, for a total value of $902,219.50. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 137,260 shares of company stock worth $17,361,672. 1.70% of the stock is currently owned by corporate insiders.
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.
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