Universal Beteiligungs und Servicegesellschaft mbH Has $50.74 Million Stake in Iron Mountain Incorporated $IRM

Universal Beteiligungs und Servicegesellschaft mbH grew its position in Iron Mountain Incorporated (NYSE:IRM) by 4.1% in the third quarter, HoldingsChannel.com reports. The fund owned 497,720 shares of the financial services provider’s stock after buying an additional 19,540 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Iron Mountain were worth $50,738,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IRM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Iron Mountain by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider’s stock valued at $2,573,000 after buying an additional 1,286 shares during the last quarter. Empowered Funds LLC increased its position in Iron Mountain by 10.3% in the 1st quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock valued at $493,000 after acquiring an additional 537 shares in the last quarter. Woodline Partners LP lifted its holdings in Iron Mountain by 41.0% during the 1st quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider’s stock worth $2,129,000 after buying an additional 7,193 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Iron Mountain by 2.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 50,250 shares of the financial services provider’s stock valued at $5,059,000 after purchasing an additional 1,164 shares during the last quarter. Finally, Diversified Trust Co acquired a new stake in shares of Iron Mountain during the 2nd quarter worth approximately $354,000. 80.13% of the stock is owned by institutional investors and hedge funds.

Iron Mountain Stock Performance

Shares of IRM stock opened at $93.78 on Thursday. Iron Mountain Incorporated has a 52 week low of $72.33 and a 52 week high of $112.18. The company’s 50 day moving average price is $85.76 and its two-hundred day moving average price is $94.11. The company has a market capitalization of $27.72 billion, a P/E ratio of 176.95 and a beta of 1.13.

Iron Mountain (NYSE:IRM) last released its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.03. Iron Mountain had a negative return on equity of 112.70% and a net margin of 2.40%.The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the business posted $1.13 EPS. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. Analysts forecast that Iron Mountain Incorporated will post 4.54 earnings per share for the current year.

Iron Mountain Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th were paid a $0.864 dividend. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.79. The ex-dividend date was Monday, December 15th. This represents a $3.46 annualized dividend and a yield of 3.7%. Iron Mountain’s dividend payout ratio is presently 652.83%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Barclays reissued an “overweight” rating and issued a $126.00 price target on shares of Iron Mountain in a research note on Tuesday, January 13th. JPMorgan Chase & Co. lifted their price objective on Iron Mountain from $100.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $115.40.

Insider Transactions at Iron Mountain

In related news, CEO William L. Meaney sold 38,482 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $83.17, for a total transaction of $3,200,547.94. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $83.10, for a total transaction of $498,600.00. Following the completion of the transaction, the executive vice president directly owned 55,081 shares in the company, valued at $4,577,231.10. This trade represents a 9.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 202,038 shares of company stock valued at $18,424,270 in the last three months. Insiders own 1.90% of the company’s stock.

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.