Iron Mountain Incorporated $IRM Shares Purchased by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC raised its stake in Iron Mountain Incorporated (NYSE:IRM) by 25.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 63,000 shares of the financial services provider’s stock after acquiring an additional 12,800 shares during the period. Lighthouse Investment Partners LLC’s holdings in Iron Mountain were worth $6,422,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IRM. Vanguard Group Inc. lifted its position in shares of Iron Mountain by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 47,253,100 shares of the financial services provider’s stock worth $4,816,981,000 after buying an additional 188,213 shares during the last quarter. State Street Corp grew its position in shares of Iron Mountain by 0.6% in the 2nd quarter. State Street Corp now owns 16,809,643 shares of the financial services provider’s stock valued at $1,737,002,000 after buying an additional 104,524 shares during the last quarter. Invesco Ltd. raised its stake in Iron Mountain by 18.1% during the 3rd quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock worth $516,481,000 after acquiring an additional 776,933 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Iron Mountain by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 4,348,039 shares of the financial services provider’s stock valued at $443,222,000 after acquiring an additional 55,273 shares during the last quarter. Finally, Norges Bank purchased a new stake in Iron Mountain in the second quarter valued at $419,457,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insider Activity at Iron Mountain

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $107.27, for a total value of $643,620.00. Following the transaction, the executive vice president directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William L. Meaney sold 137,133 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $109.39, for a total value of $15,000,978.87. Following the completion of the transaction, the chief executive officer directly owned 295,975 shares in the company, valued at approximately $32,376,705.25. The trade was a 31.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 391,931 shares of company stock worth $41,180,243 in the last quarter. Company insiders own 1.90% of the company’s stock.

Iron Mountain Stock Performance

NYSE IRM opened at $107.42 on Tuesday. The firm’s fifty day moving average is $99.72 and its two-hundred day moving average is $96.02. Iron Mountain Incorporated has a one year low of $72.33 and a one year high of $115.24. The firm has a market cap of $31.78 billion, a PE ratio of 223.80 and a beta of 1.13.

Iron Mountain Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, March 16th. Iron Mountain’s payout ratio is 720.83%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IRM. Barclays raised 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. Loop Capital set a $130.00 target price on Iron Mountain in a research report on Wednesday, March 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a research note on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Iron Mountain has an average rating of “Moderate Buy” and an average target price of $116.60.

Iron Mountain 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.