Iron Mountain Incorporated $IRM Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 1.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,348,039 shares of the financial services provider’s stock after buying an additional 55,273 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Iron Mountain were worth $443,222,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Elo Mutual Pension Insurance Co lifted its position in Iron Mountain by 11.9% during the third quarter. Elo Mutual Pension Insurance Co now owns 30,150 shares of the financial services provider’s stock valued at $3,073,000 after purchasing an additional 3,217 shares during the period. Trivium Point Advisory LLC raised its stake in shares of Iron Mountain by 9.8% during the 3rd quarter. Trivium Point Advisory LLC now owns 7,740 shares of the financial services provider’s stock valued at $789,000 after buying an additional 692 shares during the last quarter. Rafferty Asset Management LLC lifted its holdings in shares of Iron Mountain by 6.2% in the 3rd quarter. Rafferty Asset Management LLC now owns 39,714 shares of the financial services provider’s stock valued at $4,048,000 after buying an additional 2,324 shares during the period. Caitlin John LLC purchased a new stake in shares of Iron Mountain in the third quarter worth about $61,000. Finally, Handelsbanken Fonder AB grew its holdings in Iron Mountain by 1.1% during the third quarter. Handelsbanken Fonder AB now owns 162,038 shares of the financial services provider’s stock worth $16,518,000 after acquiring an additional 1,765 shares during the period. 80.13% of the stock is owned by hedge funds and other institutional investors.

Iron Mountain News Summary

Here are the key news stories impacting Iron Mountain this week:

• Positive Sentiment: Company declared a quarterly dividend of $0.864 (annualized $3.46), with an ex-dividend/record cadence set in March; several analysts have raised targets and given overweight/buy ratings — supportive for income/valuation narratives. MarketBeat IRM Company Page
• Positive Sentiment: Benzinga highlights that a $100 investment in IRM five years ago produced meaningful returns, underscoring multi-year total-return strength that can attract long-term investors. $100 Invested In Iron Mountain 5 Years Ago
• Neutral Sentiment: Iron Mountain presented at the Morgan Stanley Technology, Media & Telecom conference; the transcript may contain useful color on strategy, digital services and growth priorities but contains no headline surprises that move the stock on its own. Conference Presentation Transcript
• Negative Sentiment: Significant insider selling reported in early March: CEO William L. Meaney sold ~137,133 shares (~$15M), director Jennifer Allerton sold 7,000 shares, and EVP Mark Kidd sold 6,000 shares — raises governance/near-term sentiment concerns for some investors. Insider Selling Alerts

Iron Mountain Stock Performance

Shares of NYSE IRM opened at $107.77 on Thursday. The firm has a fifty day moving average of $95.83 and a 200 day moving average of $95.14. The firm has a market cap of $31.88 billion, a PE ratio of 224.52 and a beta of 1.13. Iron Mountain Incorporated has a one year low of $72.33 and a one year high of $115.24.

Iron Mountain Announces Dividend

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 paid a dividend of $0.864 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.2%. Iron Mountain’s payout ratio is currently 720.83%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a research report on Thursday, January 22nd. Barclays boosted their target price 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. increased 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. Finally, Loop Capital set a $130.00 price objective on shares of Iron Mountain in a report on Wednesday. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.60.

Insider Buying and Selling

In other Iron Mountain news, Director Jennifer Allerton sold 7,000 shares of the 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 owned 11,541 shares of the company’s stock, valued at $1,256,584.08. This represents a 37.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William L. Meaney sold 137,133 shares of the firm’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 owned 295,975 shares in the company, valued at approximately $32,376,705.25. This trade represents a 31.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 194,615 shares of company stock worth $20,105,907 in the last 90 days. Insiders own 1.90% of the company’s stock.

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.