Private Advisor Group LLC Has $9.59 Million Stock Position in Iron Mountain Incorporated $IRM

Private Advisor Group LLC lowered its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 5.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,056 shares of the financial services provider’s stock after selling 4,994 shares during the quarter. Private Advisor Group LLC’s holdings in Iron Mountain were worth $9,588,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Iron Mountain by 0.4% in the third quarter. Vanguard Group Inc. now owns 47,253,100 shares of the financial services provider’s stock worth $4,816,981,000 after purchasing an additional 188,213 shares during the period. State Street Corp lifted its position in Iron Mountain by 0.6% during the 2nd quarter. State Street Corp now owns 16,809,643 shares of the financial services provider’s stock valued at $1,737,002,000 after purchasing an additional 104,524 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Iron Mountain by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,348,039 shares of the financial services provider’s stock valued at $443,222,000 after purchasing an additional 55,273 shares during the last quarter. Invesco Ltd. boosted its stake 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 purchasing an additional 1,440,629 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Iron Mountain during the 2nd quarter worth approximately $419,457,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insiders Place Their Bets

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $107.27, for a total value of $643,620.00. Following the sale, the executive vice president owned 131,507 shares of the company’s stock, valued at $14,106,755.89. This trade represents a 4.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jennifer Allerton sold 7,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $108.88, for a total value of $762,160.00. Following the completion of the sale, the director 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 391,931 shares of company stock worth $41,180,243. Corporate insiders own 1.90% of the company’s stock.

Iron Mountain Stock Down 0.2%

Iron Mountain stock opened at $107.55 on Thursday. The company has a 50 day moving average of $98.29 and a 200-day moving average of $95.67. Iron Mountain Incorporated has a twelve month low of $72.33 and a twelve month high of $115.24. The stock has a market capitalization of $31.82 billion, a PE ratio of 224.06 and a beta of 1.13.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Investors 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 dividend on an annualized basis and a yield of 3.2%. Iron Mountain’s dividend payout ratio is presently 718.75%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research note on Thursday, January 22nd. Loop Capital set a $130.00 target price on shares of Iron Mountain in a report on Wednesday, March 4th. Finally, Barclays upped their target price on shares of Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Iron Mountain currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.60.

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.