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

Private Advisor Group LLC lessened its holdings in Iron Mountain Incorporated (NYSE:IRM) by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in IRM. Quent Capital LLC acquired a new stake in Iron Mountain in the 3rd quarter valued at $27,000. Washington Trust Advisors Inc. acquired a new position in shares of Iron Mountain during the 3rd quarter worth about $54,000. Caitlin John LLC acquired a new position in shares of Iron Mountain during the 3rd quarter worth about $61,000. City Holding Co. bought a new position in shares of Iron Mountain in the 3rd quarter valued at about $68,000. Finally, First Horizon Corp acquired a new stake in shares of Iron Mountain in the third quarter valued at about $68,000. Institutional investors own 80.13% of the company’s stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, Director Jennifer Allerton sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $108.88, for a total value of $762,160.00. Following the transaction, the director owned 11,541 shares of the company’s stock, valued at approximately $1,256,584.08. This represents a 37.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark Kidd sold 6,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $107.27, for a total value of $643,620.00. Following the transaction, the executive vice president owned 131,507 shares in the company, valued at approximately $14,106,755.89. This trade represents a 4.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 391,931 shares of company stock worth $41,180,243 over the last three months. Insiders own 1.90% of the company’s stock.

Iron Mountain Stock Performance

NYSE IRM opened at $107.55 on Thursday. The stock has a market cap of $31.82 billion, a PE ratio of 224.06 and a beta of 1.13. The firm has a 50-day moving average of $98.29 and a 200-day moving average of $95.67. Iron Mountain Incorporated has a 52-week low of $72.33 and a 52-week high of $115.24.

Iron Mountain Announces Dividend

The business also recently declared 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. This represents a $3.46 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, March 16th. Iron Mountain’s dividend payout ratio is currently 718.75%.

Iron Mountain 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.