Iron Mountain Incorporated $IRM Stock: Vontobel Holding Ltd. Reduces Stake

Key Points

• Vontobel Holding cut its Iron Mountain stake by 62.9% in the third quarter, selling 1.21 million shares and retaining 711,596 shares worth approximately $79 million. Institutional investors still own 80.13% of the company.
• Analyst sentiment remains generally positive, with five Buy ratings and two Hold ratings producing a “Moderate Buy” consensus and an average price target of $139.83. However, some research firms recently downgraded the stock to Hold.
• Iron Mountain shares recently traded near $112.57, down 0.1%, while the company reported quarterly revenue of $2.03 billion and adjusted earnings above expectations. It also paid a quarterly dividend of $0.864 per share, representing an annualized yield of about 3.1%.

Vontobel Holding Ltd. decreased its holdings in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 62.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 711,596 shares of the financial services provider's stock after selling 1,208,060 shares during the period. Vontobel Holding Ltd. owned about 0.24% of Iron Mountain worth $78,952,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. WealthBridge Capital Management LLC raised its holdings in Iron Mountain by 8.3% during the 3rd quarter. WealthBridge Capital Management LLC now owns 8,723 shares of the financial services provider's stock worth $968,000 after purchasing an additional 668 shares during the last quarter. Aspiriant LLC boosted its holdings in shares of Iron Mountain by 17.6% in the third quarter. Aspiriant LLC now owns 2,900 shares of the financial services provider's stock valued at $322,000 after buying an additional 433 shares during the period. Pension & Wealth Management Advisors Inc. increased its holdings in Iron Mountain by 7.7% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 4,855 shares of the financial services provider's stock worth $539,000 after purchasing an additional 348 shares in the last quarter. Franchise GP Ltd lifted its holdings in shares of Iron Mountain by 147.2% in the third quarter. Franchise GP Ltd now owns 2,015 shares of the financial services provider's stock valued at $224,000 after purchasing an additional 1,200 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its position in shares of Iron Mountain by 9.4% during the third quarter. V Square Quantitative Management LLC now owns 8,962 shares of the financial services provider's stock worth $994,000 after buying an additional 768 shares during the period. Institutional investors own 80.13% of the company's stock.

Insiders Place Their Bets

In other Iron Mountain news, EVP Greg McIntosh sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $110.72, for a total value of $553,600.00. Following the sale, the executive vice president owned 70,634 shares in the company, valued at $7,820,596.48. This represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $736,200.00. Following the transaction, the executive vice president directly owned 101,507 shares in the company, valued at $12,454,908.90. The trade was a 5.58% decrease in their ownership of the stock. 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. Insiders have sold a total of 137,422 shares of company stock valued at $15,881,099 over the last 90 days. 1.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on IRM shares. 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 note on Thursday, August 27th. Rothschild & Co Redburn started coverage on shares of Iron Mountain in a report on Monday, September 21st. They issued a "buy" rating and a $132.00 price objective on the stock. Weiss Ratings cut shares of Iron Mountain from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 25th. Barclays increased their target price on shares of Iron Mountain from $143.00 to $144.00 and gave the stock an "overweight" rating in a report on Tuesday, September 8th. Finally, Wall Street Zen downgraded shares of Iron Mountain from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Iron Mountain presently has an average rating of "Moderate Buy" and an average price target of $139.83.

Iron Mountain Stock Down 0.1%

Shares of NYSE IRM traded down $0.11 during trading hours on Friday, hitting $112.57. The company had a trading volume of 1,375,545 shares, compared to its average volume of 1,492,558. The stock has a market capitalization of $33.51 billion, a P/E ratio of 80.41 and a beta of 1.17. Iron Mountain Incorporated has a 1-year low of $77.77 and a 1-year high of $134.68. The firm's 50 day moving average is $116.76 and its 200-day moving average is $120.05.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company's quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $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, sell-side analysts predict that Iron Mountain Incorporated will post 5.42 earnings per share for the current year.

Iron Mountain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Tuesday, September 15th were issued 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 3.1%. Iron Mountain's dividend payout ratio (DPR) is presently 247.14%.

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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