Universal Beteiligungs und Servicegesellschaft mbH Grows Holdings in Iron Mountain Incorporated $IRM

Universal Beteiligungs und Servicegesellschaft mbH raised its position in Iron Mountain Incorporated (NYSE:IRM) by 25.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 625,444 shares of the financial services provider’s stock after buying an additional 127,724 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Iron Mountain were worth $52,006,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quent Capital LLC acquired a new position in Iron Mountain in the 3rd quarter valued at $27,000. Johnson Financial Group Inc. acquired a new position in Iron Mountain in the 3rd quarter valued at $32,000. Wealth Watch Advisors INC acquired a new position in Iron Mountain in the 3rd quarter valued at $44,000. Franchise GP Ltd acquired a new position in Iron Mountain in the 4th quarter valued at $38,000. Finally, Washington Trust Advisors Inc. acquired a new position in Iron Mountain in the 3rd quarter valued at $54,000. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on IRM. Loop Capital set a $130.00 price target on Iron Mountain in a report on Wednesday, March 4th. Barclays boosted their price target on Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Wells Fargo & Company boosted their price target on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a report on Tuesday. Finally, Zacks Research downgraded Iron Mountain from a “hold” rating to a “strong sell” rating in a report on Monday, April 13th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $124.60.

Iron Mountain Stock Down 0.4%

IRM stock opened at $117.37 on Thursday. The company has a market cap of $34.92 billion, a price-to-earnings ratio of 244.52 and a beta of 1.13. The business has a fifty day simple moving average of $107.73 and a 200-day simple moving average of $97.73. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week high of $121.00.

Iron Mountain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 3rd. Stockholders of record on Monday, March 16th were issued a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, March 16th. Iron Mountain’s dividend payout ratio is presently 720.83%.

Insider Transactions at Iron Mountain

In other news, EVP Mithu Bhargava sold 59,725 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $104.62, for a total transaction of $6,248,429.50. Following the completion of the sale, the executive vice president directly owned 16,054 shares in the company, valued at $1,679,569.48. This represents a 78.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO William L. Meaney sold 38,474 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $102.71, for a total value of $3,951,664.54. Following the sale, the chief executive officer owned 38,474 shares of the company’s stock, valued at approximately $3,951,664.54. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 451,648 shares of company stock valued at $48,297,449. Corporate insiders own 1.70% of the company’s stock.

Iron Mountain Company 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.