Moody National Bank Trust Division Sells 8,130 Shares of Iron Mountain Incorporated $IRM

Moody National Bank Trust Division trimmed its position in Iron Mountain Incorporated (NYSE:IRM) by 42.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,812 shares of the financial services provider’s stock after selling 8,130 shares during the period. Moody National Bank Trust Division’s holdings in Iron Mountain were worth $897,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of IRM. Norges Bank acquired a new stake in Iron Mountain in the second quarter worth $419,457,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Iron Mountain by 597.9% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,161,589 shares of the financial services provider’s stock valued at $322,292,000 after buying an additional 2,708,560 shares during the period. Invesco Ltd. grew its holdings in shares of Iron Mountain by 50.6% in the 2nd quarter. Invesco Ltd. now owns 4,289,583 shares of the financial services provider’s stock valued at $439,983,000 after buying an additional 1,440,629 shares during the period. Vontobel Holding Ltd. bought a new stake in shares of Iron Mountain in the 3rd quarter valued at $109,941,000. Finally, Amundi increased its position in shares of Iron Mountain by 45.5% in the 2nd quarter. Amundi now owns 1,600,818 shares of the financial services provider’s stock valued at $159,457,000 after buying an additional 500,884 shares in the last quarter. Institutional investors own 80.13% of the company’s stock.

Iron Mountain Stock Down 0.1%

Shares of NYSE:IRM opened at $100.58 on Thursday. The firm has a market cap of $29.75 billion, a price-to-earnings ratio of 209.53 and a beta of 1.13. Iron Mountain Incorporated has a 12 month low of $72.33 and a 12 month high of $115.24. The company’s fifty day simple moving average is $101.74 and its 200 day simple moving average is $96.57.

Iron Mountain Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Monday, March 16th will be paid a $0.864 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.46 annualized dividend and a dividend yield of 3.4%. Iron Mountain’s dividend payout ratio (DPR) is currently 720.83%.

Insider Transactions at Iron Mountain

In related news, Director Jennifer Allerton sold 7,000 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $108.88, for a total transaction of $762,160.00. Following the completion of the transaction, the director directly owned 11,541 shares in the company, valued at approximately $1,256,584.08. This trade represents a 37.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $107.27, for a total value of $643,620.00. Following the completion of the sale, the executive vice president directly owned 131,507 shares in the company, valued at approximately $14,106,755.89. This represents a 4.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 451,656 shares of company stock valued at $47,428,673. 1.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on IRM shares. Loop Capital set a $130.00 target price on Iron Mountain in a report on Wednesday, March 4th. Barclays increased their price target on Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Iron Mountain currently has a consensus rating of “Moderate Buy” and an average price target of $116.60.

About Iron Mountain

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.