77,885 Iron Mountain Incorporated $IRM Shares Sold by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its Iron Mountain stake by 95.7%, selling 77,885 shares in the third quarter and retaining 3,511 shares valued at approximately $390,000.
• Institutional ownership remains high at 80.13%, with major investors including BlackRock, Principal Financial Group, Dimensional Fund Advisors, Legal & General, and UBS increasing or initiating positions.
• Iron Mountain reported quarterly results above expectations, with $2.03 billion in revenue and $0.60 EPS, while maintaining a quarterly dividend of $0.864 per share, equivalent to a 3.1% yield.

Curated Wealth Partners LLC trimmed its position in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 95.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 3,511 shares of the financial services provider's stock after selling 77,885 shares during the period. Curated Wealth Partners LLC's holdings in Iron Mountain were worth $390,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Iron Mountain in the second quarter valued at about $4,240,342,000. Principal Financial Group Inc. raised its holdings in Iron Mountain by 8.5% during the 1st quarter. Principal Financial Group Inc. now owns 4,566,093 shares of the financial services provider's stock worth $466,382,000 after purchasing an additional 358,497 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Iron Mountain by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,552,286 shares of the financial services provider's stock worth $464,931,000 after purchasing an additional 122,927 shares during the last quarter. Legal & General Group Plc acquired a new position in Iron Mountain during the 2nd quarter valued at about $409,843,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Iron Mountain by 29,674.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,193,560 shares of the financial services provider's stock valued at $403,379,000 after purchasing an additional 3,182,834 shares during the period. 80.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Greg W. Mcintosh sold 5,000 shares of Iron Mountain stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $110.72, for a total transaction of $553,600.00. Following the sale, the executive vice president directly owned 70,634 shares of the company's stock, valued at approximately $7,820,596.48. The trade was a 6.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the company's stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $110.45, for a total transaction of $4,249,453.30. Following the transaction, the chief executive officer owned 38,474 shares of the company's stock, valued at approximately $4,249,453.30. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 137,422 shares of company stock worth $15,881,099 in the last ninety days. 1.70% of the stock is owned by insiders.

Iron Mountain Stock Performance

NYSE:IRM opened at $112.57 on Friday. The stock has a fifty day moving average price of $116.76 and a 200-day moving average price of $120.05. The company has a market cap of $33.51 billion, a price-to-earnings ratio of 80.41 and a beta of 1.17. Iron Mountain Incorporated has a fifty-two week low of $77.77 and a fifty-two week high of $134.68.

Iron Mountain (NYSE:IRM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.06. The company had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $1.97 billion. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%. Iron Mountain's revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the business earned $1.24 earnings per share. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. Research analysts predict that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.8640 per share. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, September 15th. Iron Mountain's dividend payout ratio is 247.14%.

Analysts Set New Price Targets

A number of research firms have commented on IRM. Rothschild & Co Redburn started coverage on shares of Iron Mountain in a report on Monday, September 21st. They set a "buy" rating and a $132.00 target price for the company. Truist Financial raised their price objective on shares of Iron Mountain from $140.00 to $155.00 and gave the stock a "buy" rating in a report on Thursday, August 27th. Weiss Ratings lowered Iron Mountain from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 25th. Barclays increased their price objective on shares of Iron Mountain from $143.00 to $144.00 and gave the company an "overweight" rating in a research report on Tuesday, September 8th. Finally, Wall Street Zen cut Iron Mountain from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $139.83.

Iron Mountain Profile

Iron Mountain Incorporated NYSE: IRM is a global information management and data center services company. It helps organizations protect, manage and access physical and digital information, including business records, documents, backup media and other critical assets.

The company provides records storage and retrieval, secure shredding and destruction, information governance, digitization, document management and data migration services. Iron Mountain also operates data centers and offers colocation, hybrid cloud and related infrastructure services.

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