Iron Mountain Incorporated $IRM Shares Bought by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. lifted its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 11.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,642,074 shares of the financial services provider’s stock after purchasing an additional 169,495 shares during the period. Iron Mountain comprises about 1.9% of Duff & Phelps Investment Management Co.’s holdings, making the stock its 11th largest position. Duff & Phelps Investment Management Co.’s holdings in Iron Mountain were worth $167,393,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in IRM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Iron Mountain by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider’s stock worth $2,573,000 after buying an additional 1,286 shares during the period. Empowered Funds LLC boosted its holdings in shares of Iron Mountain by 10.3% in the first quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock valued at $493,000 after acquiring an additional 537 shares during the period. Woodline Partners LP boosted its holdings in shares of Iron Mountain by 41.0% in the first quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider’s stock valued at $2,129,000 after acquiring an additional 7,193 shares during the period. Savant Capital LLC grew its position in shares of Iron Mountain by 2.4% during the second quarter. Savant Capital LLC now owns 10,333 shares of the financial services provider’s stock worth $1,060,000 after acquiring an additional 238 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. purchased a new position in shares of Iron Mountain during the second quarter worth approximately $476,000. 80.13% of the stock is owned by hedge funds and other institutional investors.

Iron Mountain Trading Down 0.2%

Shares of IRM stock opened at $107.55 on Thursday. The company has a market capitalization of $31.82 billion, a P/E ratio of 224.06 and a beta of 1.13. The business’s 50 day moving average is $98.29 and its two-hundred day moving average is $95.67. Iron Mountain Incorporated has a twelve month low of $72.33 and a twelve month high of $115.24.

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Investors 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 yield of 3.2%. The ex-dividend date is Monday, March 16th. Iron Mountain’s dividend payout ratio (DPR) is 718.75%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Iron Mountain

In other news, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $107.27, for a total value of $643,620.00. Following the completion of the sale, 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jennifer Allerton sold 7,000 shares of Iron Mountain stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $108.88, for a total transaction of $762,160.00. Following the completion of the sale, the director directly owned 11,541 shares in the company, valued at approximately $1,256,584.08. The trade was a 37.75% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 391,931 shares of company stock valued at $41,180,243. 1.90% of the stock is 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.