Venture Visionary Partners LLC Sells 17,699 Shares of Iron Mountain Incorporated $IRM

Key Points

• Venture Visionary Partners cut its Iron Mountain stake by 51.4% in the third quarter, selling 17,699 shares and retaining 16,735 shares valued at approximately $1.86 million.
• Institutional investors own about 80.13% of Iron Mountain, while several major funds—including BlackRock and Cohen & Steers—recently established or increased positions.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and average price target of $139.83; Iron Mountain also reported quarterly revenue growth of 18.5% and pays an annualized dividend of $3.46 per share.

Venture Visionary Partners LLC lessened its holdings in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 51.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,735 shares of the financial services provider's stock after selling 17,699 shares during the period. Venture Visionary Partners LLC's holdings in Iron Mountain were worth $1,857,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Iron Mountain in the second quarter valued at approximately $4,240,342,000. Cohen & Steers Inc. increased its holdings in shares of Iron Mountain by 20.0% in the fourth quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider's stock valued at $1,568,110,000 after purchasing an additional 3,155,034 shares during the last quarter. Principal Financial Group Inc. lifted its position in Iron Mountain by 8.5% during the first quarter. Principal Financial Group Inc. now owns 4,566,093 shares of the financial services provider's stock worth $466,382,000 after buying an additional 358,497 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Iron Mountain by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,552,286 shares of the financial services provider's stock worth $464,931,000 after buying an additional 122,927 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in Iron Mountain during the second quarter worth $409,843,000. Institutional investors and hedge funds own 80.13% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on IRM shares. Wells Fargo & Company upped their target price on Iron Mountain from $135.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Barclays lifted their price target on Iron Mountain from $143.00 to $144.00 and gave the stock an "overweight" rating in a report on Tuesday, September 8th. Weiss Ratings cut shares of Iron Mountain from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 25th. Rothschild & Co Redburn began coverage on shares of Iron Mountain in a report on Monday, September 21st. They issued a "buy" rating and a $132.00 price objective for the company. Finally, Wall Street Zen cut shares of Iron Mountain from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $139.83.

Iron Mountain Trading Down 0.8%

Shares of NYSE IRM opened at $115.55 on Thursday. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.68. The stock has a fifty day simple moving average of $118.22 and a 200-day simple moving average of $119.55. The stock has a market capitalization of $34.40 billion, a PE ratio of 82.53 and a beta of 1.17.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its 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. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the company earned $1.24 EPS. Iron Mountain's revenue was up 18.5% on a year-over-year basis. 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 year.

Iron Mountain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th were given a dividend of $0.8640 per share. This represents a $3.46 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, September 15th. Iron Mountain's dividend payout ratio is currently 247.14%.

Insider Transactions at Iron Mountain

In related news, EVP Greg 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 value of $553,600.00. Following the completion of the transaction, the executive vice president owned 70,634 shares in the company, valued at approximately $7,820,596.48. The trade was a 6.61% decrease in their ownership of the stock. 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 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 sale, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $4,249,453.30. The trade was 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. Over the last quarter, insiders have sold 137,422 shares of company stock valued at $15,881,099. 1.70% of the stock is currently owned by corporate insiders.

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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