New Age Alpha Advisors LLC Has $7.35 Million Holdings in Iron Mountain Incorporated $IRM

New Age Alpha Advisors LLC trimmed its holdings in Iron Mountain Incorporated (NYSE:IRM) by 7.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,143 shares of the financial services provider’s stock after selling 5,712 shares during the period. New Age Alpha Advisors LLC’s holdings in Iron Mountain were worth $7,354,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Quent Capital LLC bought a new stake in Iron Mountain in the 3rd quarter valued at $27,000. Washington Trust Advisors Inc. bought a new position in Iron Mountain during the third quarter worth $54,000. Caitlin John LLC acquired a new position in shares of Iron Mountain in the third quarter valued at $61,000. First Horizon Corp bought a new position in shares of Iron Mountain in the third quarter valued at about $68,000. Finally, City Holding Co. acquired a new stake in shares of Iron Mountain during the 3rd quarter worth about $68,000. 80.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $83.10, for a total value 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. This trade represents a 9.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William L. Meaney sold 38,482 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $83.17, for a total transaction of $3,200,547.94. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 119,607 shares of company stock worth $9,970,025. 1.90% of the stock is currently owned by insiders.

Iron Mountain Trading Down 1.0%

Shares of IRM stock opened at $108.26 on Friday. The stock has a market cap of $32.03 billion, a P/E ratio of 225.54 and a beta of 1.16. Iron Mountain Incorporated has a 1 year low of $72.33 and a 1 year high of $115.24. The stock has a 50 day simple moving average of $94.17 and a 200 day simple moving average of $94.80.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Monday, March 16th will be given a dividend of $0.864 per share. 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 is presently 720.83%.

Analyst Upgrades and Downgrades

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

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.