Knights of Columbus Asset Advisors LLC Has $3.04 Million Stock Holdings in Iron Mountain Incorporated $IRM

Knights of Columbus Asset Advisors LLC trimmed its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 55.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,802 shares of the financial services provider’s stock after selling 36,819 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Iron Mountain were worth $3,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of IRM. Quent Capital LLC bought a new position in Iron Mountain during the third quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd grew its position in Iron Mountain by 111.7% in the second quarter. Caitong International Asset Management Co. Ltd now owns 650 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 343 shares in the last quarter. City Holding Co. acquired a new position in shares of Iron Mountain during the 3rd quarter worth $68,000. First Horizon Corp bought a new position in shares of Iron Mountain during the 3rd quarter valued at $68,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Iron Mountain in the 2nd quarter valued at $79,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on IRM. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research report on Thursday, January 22nd. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Barclays reissued an “overweight” rating and issued a $126.00 price objective on shares of Iron Mountain in a research note on Tuesday, January 13th. Finally, JPMorgan Chase & Co. upped their target price on Iron Mountain from $100.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Iron Mountain currently has an average rating of “Moderate Buy” and a consensus target price of $115.40.

Iron Mountain Stock Down 0.9%

IRM opened at $92.18 on Friday. The stock’s 50 day moving average price is $86.45 and its two-hundred day moving average price is $93.85. The firm has a market capitalization of $27.25 billion, a P/E ratio of 173.93 and a beta of 1.13. Iron Mountain Incorporated has a 12-month low of $72.33 and a 12-month high of $108.15.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.03. Iron Mountain had a negative return on equity of 112.70% and a net margin of 2.40%.The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the prior year, the business earned $1.13 earnings per share. Iron Mountain’s revenue for the quarter was up 12.7% compared to the same quarter last year. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. As a group, analysts anticipate that Iron Mountain Incorporated will post 4.54 earnings per share for the current year.

Iron Mountain Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th were issued a dividend of $0.864 per share. This represents a $3.46 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, December 15th. This is a boost from Iron Mountain’s previous quarterly dividend of $0.79. Iron Mountain’s payout ratio is 650.94%.

Insider Buying and Selling

In other Iron Mountain news, CEO William L. Meaney sold 38,482 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $83.17, for a total value of $3,200,547.94. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was 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 of the company’s stock, valued at $4,577,231.10. The trade was a 9.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 194,732 shares of company stock worth $17,687,679. 1.90% of the stock is currently owned by company insiders.

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.