Iron Mountain Incorporated $IRM Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC decreased its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 195,140 shares of the financial services provider’s stock after selling 7,648 shares during the quarter. Moran Wealth Management LLC’s holdings in Iron Mountain were worth $16,187,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of IRM. Quent Capital LLC bought a new position in Iron Mountain in the 3rd quarter worth about $27,000. Johnson Financial Group Inc. acquired a new position in shares of Iron Mountain during the third quarter worth approximately $32,000. Wealth Watch Advisors INC bought a new position in Iron Mountain in the 3rd quarter worth approximately $44,000. Washington Trust Advisors Inc. acquired a new stake in Iron Mountain in the 3rd quarter valued at approximately $54,000. Finally, JPL Wealth Management LLC acquired a new position in Iron Mountain during the 3rd quarter worth $56,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Price Performance

Shares of IRM opened at $117.96 on Friday. The firm’s 50 day moving average is $106.55 and its 200-day moving average is $97.45. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $119.15. The stock has a market capitalization of $35.09 billion, a P/E ratio of 245.75 and a beta of 1.13.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Monday, March 16th were issued a $0.864 dividend. 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 payout ratio is presently 720.83%.

Insider Buying and Selling

In related news, EVP Mithu Bhargava sold 59,725 shares of Iron Mountain stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $104.62, for a total value of $6,248,429.50. Following the transaction, the executive vice president owned 16,054 shares of the company’s stock, valued at approximately $1,679,569.48. This trade represents a 78.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jennifer Allerton sold 7,000 shares of Iron Mountain stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $108.88, for a total transaction of $762,160.00. Following the completion of the transaction, the director directly owned 11,541 shares in the company, valued at approximately $1,256,584.08. This trade represents a 37.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 451,648 shares of company stock valued at $48,297,449 over the last ninety days. 1.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on IRM. Zacks Research lowered Iron Mountain from a “hold” rating to a “strong sell” rating in a report on Monday, April 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a research report on Thursday, January 22nd. Barclays boosted their price target on shares of Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Finally, Loop Capital set a $130.00 price target on shares of Iron Mountain in a research note on Wednesday, March 4th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Iron Mountain currently has a consensus rating of “Hold” and an average price target of $122.00.

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.