Erste Asset Management GmbH Sells 8,435 Shares of Iron Mountain Incorporated $IRM

Erste Asset Management GmbH lowered its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 27.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,381 shares of the financial services provider’s stock after selling 8,435 shares during the period. Erste Asset Management GmbH’s holdings in Iron Mountain were worth $2,246,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Quent Capital LLC purchased a new position in shares of Iron Mountain during the 3rd quarter valued at about $27,000. Washington Trust Advisors Inc. bought a new position in Iron Mountain during the third quarter valued at approximately $54,000. City Holding Co. purchased a new position in shares of Iron Mountain during the third quarter worth approximately $68,000. First Horizon Corp purchased a new position in shares of Iron Mountain during the third quarter worth approximately $68,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Iron Mountain in the 2nd quarter valued at $79,000. 80.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on IRM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a report on Thursday, January 22nd. JPMorgan Chase & Co. raised their price objective on Iron Mountain from $100.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Finally, Barclays lifted their price objective on Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Four investment 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $113.25.

Iron Mountain Price Performance

NYSE IRM opened at $108.26 on Friday. Iron Mountain Incorporated has a 1 year low of $72.33 and a 1 year high of $115.24. The stock has a market capitalization of $32.03 billion, a PE ratio of 225.54 and a beta of 1.16. The business’s 50-day moving average is $94.17 and its 200 day moving average is $94.80.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Monday, March 16th will be given a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, March 16th. Iron Mountain’s dividend payout ratio (DPR) is currently 720.83%.

Insider Activity at Iron Mountain

In related news, CEO William L. Meaney sold 69,125 shares of Iron Mountain stock in a transaction on Monday, December 1st. The shares were sold at an average price of $83.34, for a total value of $5,760,877.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $83.10, for a total transaction of $498,600.00. Following the transaction, the executive vice president directly owned 55,081 shares in the company, valued at approximately $4,577,231.10. The trade was a 9.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 119,607 shares of company stock worth $9,970,025 over the last three months. 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.