Iron Mountain Incorporated $IRM Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 13.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,638 shares of the financial services provider’s stock after selling 5,970 shares during the period. Teacher Retirement System of Texas’ holdings in Iron Mountain were worth $3,939,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Quent Capital LLC bought a new position in Iron Mountain during the third quarter worth $27,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Iron Mountain by 111.7% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 650 shares of the financial services provider’s stock worth $67,000 after buying an additional 343 shares during the last quarter. City Holding Co. bought a new position in shares of Iron Mountain in the 3rd quarter worth about $68,000. First Horizon Corp acquired a new position in shares of Iron Mountain in the 3rd quarter valued at about $68,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Iron Mountain during the 2nd quarter valued at about $79,000. 80.13% of the stock is currently owned by institutional investors.

Insider Activity

In other Iron Mountain news, CEO William L. Meaney sold 38,482 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $83.17, for a total transaction of $3,200,547.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $83.10, for a total transaction of $498,600.00. Following the sale, the executive vice president 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 202,038 shares of company stock valued at $18,424,270 in the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IRM. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a report on Thursday, January 22nd. JPMorgan Chase & Co. raised their price target on Iron Mountain from $100.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Barclays restated an “overweight” rating and set a $126.00 price objective on shares of Iron Mountain in a research report on Tuesday, January 13th. Finally, Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.40.

Iron Mountain Trading Down 2.3%

IRM opened at $91.69 on Wednesday. The business’s 50 day moving average is $86.00 and its 200-day moving average is $93.91. The stock has a market cap of $27.10 billion, a PE ratio of 173.00 and a beta of 1.13. Iron Mountain Incorporated has a twelve month low of $72.33 and a twelve month high of $108.15.

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

Iron Mountain Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were issued a $0.864 dividend. The ex-dividend date of this dividend was Monday, December 15th. This is an increase from Iron Mountain’s previous quarterly dividend of $0.79. This represents a $3.46 annualized dividend and a yield of 3.8%. Iron Mountain’s dividend payout ratio is currently 650.94%.

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.