NEOS Investment Management LLC Has $8.45 Million Stock Position in Iron Mountain Incorporated $IRM

NEOS Investment Management LLC raised its holdings in Iron Mountain Incorporated (NYSE:IRM) by 112.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,878 shares of the financial services provider’s stock after purchasing an additional 43,818 shares during the quarter. NEOS Investment Management LLC’s holdings in Iron Mountain were worth $8,449,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Iron Mountain by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider’s stock valued at $2,573,000 after buying an additional 1,286 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Iron Mountain by 10.3% during the 1st quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock valued at $493,000 after purchasing an additional 537 shares during the last quarter. Woodline Partners LP increased its position in Iron Mountain by 41.0% during the 1st quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider’s stock worth $2,129,000 after purchasing an additional 7,193 shares in the last quarter. CWM LLC lifted its stake in Iron Mountain by 27.6% in the 2nd quarter. CWM LLC now owns 8,415 shares of the financial services provider’s stock valued at $863,000 after purchasing an additional 1,820 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its position in Iron Mountain by 55.2% in the second quarter. Stratos Wealth Partners LTD. now owns 5,140 shares of the financial services provider’s stock valued at $527,000 after buying an additional 1,828 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on IRM shares. JPMorgan Chase & Co. upped their price target on shares of Iron Mountain from $100.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Barclays reaffirmed an “overweight” rating and issued a $126.00 target price on shares of Iron Mountain in a report on Tuesday, January 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research note on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $113.00.

Iron Mountain Stock Down 2.7%

NYSE IRM opened at $105.86 on Thursday. The company has a market capitalization of $31.32 billion, a price-to-earnings ratio of 220.54 and a beta of 1.16. Iron Mountain Incorporated has a twelve month low of $72.33 and a twelve month high of $111.63. The stock has a fifty day simple moving average of $90.18 and a 200 day simple moving average of $93.90.

Iron Mountain Dividend Announcement

The business also recently disclosed 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 3.3%. The ex-dividend date is Monday, March 16th. Iron Mountain’s dividend payout ratio (DPR) is 720.83%.

Insider Activity at Iron Mountain

In other news, EVP Mark Kidd sold 6,000 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $83.10, for a total transaction of $498,600.00. Following the completion of the sale, the executive vice president directly owned 55,081 shares in the company, valued at $4,577,231.10. This represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $3,200,547.94. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 119,607 shares of company stock worth $9,970,025 over the last quarter. 1.90% of the stock is currently owned by company insiders.

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.