NEOS Investment Management LLC Has $8.45 Million Position in Iron Mountain Incorporated $IRM

NEOS Investment Management LLC grew its position in Iron Mountain Incorporated (NYSE:IRM) by 112.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,878 shares of the financial services provider’s stock after acquiring an additional 43,818 shares during the period. NEOS Investment Management LLC’s holdings in Iron Mountain were worth $8,449,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Iron Mountain by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider’s stock worth $2,573,000 after purchasing an additional 1,286 shares during the period. Empowered Funds LLC boosted its stake in shares of Iron Mountain by 10.3% during the 1st quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock worth $493,000 after acquiring an additional 537 shares during the period. Woodline Partners LP increased its holdings in shares of 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 acquiring an additional 7,193 shares during the last quarter. CWM LLC raised its stake in Iron Mountain by 27.6% in the 2nd quarter. CWM LLC now owns 8,415 shares of the financial services provider’s stock valued at $863,000 after acquiring an additional 1,820 shares during the period. Finally, Stratos Wealth Partners LTD. raised its stake in Iron Mountain by 55.2% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 5,140 shares of the financial services provider’s stock valued at $527,000 after acquiring an additional 1,828 shares during the period. 80.13% of the stock is owned by institutional investors.

Iron Mountain Stock Performance

NYSE:IRM opened at $105.86 on Thursday. Iron Mountain Incorporated has a 52 week low of $72.33 and a 52 week high of $111.63. The firm’s 50-day simple moving average is $90.18 and its 200 day simple moving average is $93.90. The firm has a market cap of $31.32 billion, a price-to-earnings ratio of 220.54 and a beta of 1.16.

Iron Mountain Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Monday, March 16th will be issued a $0.864 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.46 annualized dividend and a yield of 3.3%. Iron Mountain’s payout ratio is currently 720.83%.

Wall Street Analyst Weigh In

IRM has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of Iron Mountain from $100.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Barclays reiterated an “overweight” rating and issued a $126.00 price target on shares of Iron Mountain in a research note on Tuesday, January 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $113.00.

Insider Buying and Selling at Iron Mountain

In other news, EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $83.10, for a total transaction of $498,600.00. Following the completion of the sale, the executive vice president directly owned 55,081 shares in the company, valued at approximately $4,577,231.10. This represents a 9.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO William L. Meaney sold 69,125 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $83.34, for a total value of $5,760,877.50. The SEC filing for this sale provides additional information. Insiders sold a total of 119,607 shares of company stock valued at $9,970,025 over the last ninety days. 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.