PensionDanmark Pensionsforsikringsaktieselskab Has $8.65 Million Stake in Iron Mountain Incorporated $IRM

PensionDanmark Pensionsforsikringsaktieselskab grew its holdings in Iron Mountain Incorporated (NYSE:IRM) by 12.2% in the 2nd quarter, Holdings Channel reports. The fund owned 68,465 shares of the financial services provider’s stock after purchasing an additional 7,438 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Iron Mountain were worth $8,648,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Garton & Associates Financial Advisors LLC bought a new position in shares of Iron Mountain during the 4th quarter valued at about $25,000. Beaird Harris Wealth Management LLC increased its stake in Iron Mountain by 17,500.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 350 shares in the last quarter. Dynamic Wealth Strategies LLC bought a new stake in Iron Mountain during the 1st quarter worth approximately $31,000. Johnson Financial Group Inc. acquired a new stake in Iron Mountain during the 3rd quarter worth approximately $32,000. Finally, Bayban acquired a new stake in Iron Mountain during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Stock Performance

NYSE IRM opened at $121.26 on Friday. The stock has a market capitalization of $36.08 billion, a price-to-earnings ratio of 86.62 and a beta of 1.20. The stock’s 50 day moving average price is $124.82 and its two-hundred day moving average price is $114.87. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week high of $134.68.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be issued a $0.864 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.9%. Iron Mountain’s dividend payout ratio (DPR) is 380.22%.

Analyst Ratings Changes

Several research analysts have recently weighed in on IRM shares. Truist Financial set a $140.00 price target on shares of Iron Mountain in a report on Friday, May 1st. Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Weiss Ratings raised shares of Iron Mountain from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Barclays upped their target price on shares of Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. Finally, Wells Fargo & Company increased their target price on Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $135.17.

Insiders Place Their Bets

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction on Monday, June 1st. The shares were sold at an average price of $126.70, for a total value of $760,200.00. Following the sale, the executive vice president directly owned 113,507 shares in the company, valued at approximately $14,381,336.90. The trade was a 5.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Daniel Borges sold 7,189 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $125.50, for a total transaction of $902,219.50. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 92,786 shares of company stock valued at $11,633,760 over the last 90 days. 1.70% of the stock is currently owned by company insiders.

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.