Erste Asset Management GmbH Sells 8,435 Shares of Iron Mountain Incorporated $IRM

Erste Asset Management GmbH trimmed its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 27.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,381 shares of the financial services provider’s stock after selling 8,435 shares during the period. Erste Asset Management GmbH’s holdings in Iron Mountain were worth $2,246,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Quent Capital LLC bought a new stake in Iron Mountain in the third quarter worth about $27,000. Washington Trust Advisors Inc. bought a new stake in shares of Iron Mountain in the 3rd quarter worth approximately $54,000. City Holding Co. purchased a new position in Iron Mountain in the third quarter valued at approximately $68,000. First Horizon Corp bought a new position in Iron Mountain during the third quarter valued at $68,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in Iron Mountain in the second quarter worth $79,000. Institutional investors own 80.13% of the company’s stock.

Insider Transactions at Iron Mountain

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $83.10, for a total value of $498,600.00. Following the sale, the executive vice president owned 55,081 shares of the company’s stock, valued at $4,577,231.10. This trade represents a 9.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William L. Meaney sold 69,125 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $83.34, for a total value of $5,760,877.50. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 119,607 shares of company stock worth $9,970,025 over the last 90 days. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IRM. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a research report on Thursday, January 22nd. JPMorgan Chase & Co. upped their price objective on shares of Iron Mountain from $100.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Finally, Barclays lifted their target price on shares of Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.25.

Iron Mountain Trading Down 1.0%

Shares of NYSE:IRM opened at $108.26 on Friday. The company has a 50 day moving average of $94.17 and a 200 day moving average of $94.80. The stock has a market cap of $32.03 billion, a P/E ratio of 225.54 and a beta of 1.16. Iron Mountain Incorporated has a 12 month low of $72.33 and a 12 month high of $115.24.

Iron Mountain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Monday, March 16th will be paid a dividend of $0.864 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.46 annualized dividend and a yield of 3.2%. Iron Mountain’s dividend payout ratio (DPR) is currently 720.83%.

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.