Iron Mountain Incorporated $IRM Shares Purchased by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC increased its Iron Mountain stake by 408.1% in the third quarter, ending with 20,000 shares valued at approximately $2.22 million. Institutional investors collectively own 80.13% of the company.
• Analysts maintain a generally positive view, with eight Buy ratings and two Hold ratings. Iron Mountain has a “Moderate Buy” consensus rating and an average price target of $143.89.
• Iron Mountain reported quarterly earnings and revenue above expectations, while declaring an annualized dividend of $3.46 per share, yielding about 3.0%. However, insiders sold 137,422 shares worth approximately $15.9 million during the latest quarter.

International Assets Investment Management LLC grew its holdings in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 408.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,000 shares of the financial services provider's stock after purchasing an additional 16,064 shares during the quarter. International Assets Investment Management LLC's holdings in Iron Mountain were worth $2,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in IRM. Parcion Private Wealth LLC lifted its position in shares of Iron Mountain by 34.2% during the 3rd quarter. Parcion Private Wealth LLC now owns 4,170 shares of the financial services provider's stock valued at $463,000 after acquiring an additional 1,062 shares during the period. Soltis Investment Advisors LLC grew its holdings in Iron Mountain by 28.0% in the third quarter. Soltis Investment Advisors LLC now owns 3,598 shares of the financial services provider's stock worth $399,000 after purchasing an additional 786 shares during the period. Founders Financial Securities LLC acquired a new stake in Iron Mountain in the third quarter worth $330,000. Choreo LLC increased its stake in Iron Mountain by 2.9% in the third quarter. Choreo LLC now owns 12,205 shares of the financial services provider's stock valued at $1,365,000 after purchasing an additional 345 shares in the last quarter. Finally, Essential Investment Partners LLC bought a new stake in Iron Mountain in the third quarter valued at $119,000. Institutional investors own 80.13% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group dropped their price objective on shares of Iron Mountain from $147.00 to $135.00 and set a "buy" rating on the stock in a report on Monday, October 12th. Rothschild & Co Redburn initiated coverage on Iron Mountain in a research note on Monday, September 21st. They issued a "buy" rating and a $132.00 target price for the company. Truist Financial boosted their target price on Iron Mountain from $140.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, August 27th. BNP Paribas Exane upped their price target on Iron Mountain from $138.00 to $145.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen lowered Iron Mountain from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Eight research 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, Iron Mountain currently has an average rating of "Moderate Buy" and an average target price of $143.89.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of the business's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $122.70, for a total transaction of $736,200.00. Following the completion of the sale, the executive vice president directly owned 101,507 shares of the company's stock, valued at approximately $12,454,908.90. The trade was a 5.58% 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, CEO William Meaney sold 38,474 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $121.67, for a total value of $4,681,131.58. Following the completion of the sale, the chief executive officer directly owned 38,474 shares of the company's stock, valued at approximately $4,681,131.58. This trade 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. In the last quarter, insiders sold 137,422 shares of company stock worth $15,881,099. Insiders own 1.70% of the company's stock.

Iron Mountain Trading Down 1.2%

Shares of IRM stock opened at $115.10 on Tuesday. The firm has a fifty day simple moving average of $114.53 and a two-hundred day simple moving average of $115.01. Iron Mountain Incorporated has a 12 month low of $77.77 and a 12 month high of $134.68. The firm has a market capitalization of $34.27 billion, a PE ratio of 82.21 and a beta of 1.17.

Iron Mountain (NYSE:IRM - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.06. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.97 billion. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The business's quarterly revenue was up 18.5% compared to the same quarter last year. During the same period last year, the firm 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. On average, equities analysts predict that Iron Mountain Incorporated will post 5.42 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.8640 per share. The ex-dividend date was Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a yield of 3.0%. Iron Mountain's payout ratio is 246.43%.

Iron Mountain Profile

Iron Mountain Incorporated NYSE: IRM is a global information management and storage company that helps organizations protect, manage and optimize their physical and digital assets. Founded in 1951, the company began as a records storage provider and has expanded into a broader information lifecycle management business.

Its services include records storage and retrieval, information governance, secure shredding and destruction, document scanning, digital transformation, backup and recovery, and data center services.

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