Swiss Life Asset Management Ltd Grows Position in Iron Mountain Incorporated $IRM

Swiss Life Asset Management Ltd raised its position in Iron Mountain Incorporated (NYSE:IRM) by 18.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,408 shares of the financial services provider’s stock after purchasing an additional 8,821 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Iron Mountain were worth $5,648,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Koshinski Asset Management Inc. grew its stake in shares of Iron Mountain by 2.0% during the third quarter. Koshinski Asset Management Inc. now owns 5,108 shares of the financial services provider’s stock valued at $521,000 after buying an additional 98 shares during the last quarter. NorthCrest Asset Manangement LLC raised its holdings in shares of Iron Mountain by 3.6% in the third quarter. NorthCrest Asset Manangement LLC now owns 2,929 shares of the financial services provider’s stock worth $310,000 after buying an additional 103 shares during the period. Continuum Advisory LLC lifted its stake in shares of Iron Mountain by 5.3% during the 3rd quarter. Continuum Advisory LLC now owns 2,077 shares of the financial services provider’s stock worth $212,000 after acquiring an additional 104 shares during the last quarter. Natural Investments LLC boosted its holdings in Iron Mountain by 3.1% during the 3rd quarter. Natural Investments LLC now owns 3,581 shares of the financial services provider’s stock valued at $365,000 after acquiring an additional 107 shares during the period. Finally, Merit Financial Group LLC boosted its holdings in Iron Mountain by 0.5% during the 3rd quarter. Merit Financial Group LLC now owns 19,930 shares of the financial services provider’s stock valued at $2,032,000 after acquiring an additional 109 shares during the period. Institutional investors own 80.13% of the company’s stock.

Iron Mountain Stock Performance

Shares of NYSE IRM opened at $99.58 on Friday. Iron Mountain Incorporated has a 52-week low of $72.33 and a 52-week high of $115.24. The firm has a market capitalization of $29.46 billion, a price-to-earnings ratio of 207.45 and a beta of 1.13. The stock has a 50 day moving average price of $101.13 and a 200 day moving average price of $96.36.

Iron Mountain Announces Dividend

The company also recently announced 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 dividend yield of 3.5%. The ex-dividend date is Monday, March 16th. Iron Mountain’s dividend payout ratio is currently 720.83%.

Wall Street Analyst Weigh In

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

Insider Transactions at Iron Mountain

In other news, CEO William L. Meaney sold 137,133 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $109.39, for a total transaction of $15,000,978.87. Following the transaction, the chief executive officer owned 295,975 shares of the company’s stock, valued at approximately $32,376,705.25. This represents a 31.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jennifer Allerton sold 7,000 shares of the stock in a transaction 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 directly owned 11,541 shares in the company, valued at $1,256,584.08. The trade was a 37.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 391,931 shares of company stock valued at $41,180,243. 1.90% of the stock is currently owned by corporate insiders.

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.