Swiss Life Asset Management Ltd Increases Stock Position in Iron Mountain Incorporated $IRM

Swiss Life Asset Management Ltd increased its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 18.9% during the third quarter, Holdings Channel.com reports. The firm owned 55,408 shares of the financial services provider’s stock after buying an additional 8,821 shares during the period. Swiss Life Asset Management Ltd’s holdings in Iron Mountain were worth $5,648,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Quent Capital LLC purchased a new stake in Iron Mountain during the third quarter worth $27,000. Johnson Financial Group Inc. bought a new stake in Iron Mountain during the 3rd quarter valued at $32,000. Wealth Watch Advisors INC purchased a new position in shares of Iron Mountain in the 3rd quarter valued at $44,000. Washington Trust Advisors Inc. bought a new position in shares of Iron Mountain in the 3rd quarter worth $54,000. Finally, JPL Wealth Management LLC bought a new position in shares of Iron Mountain in the 3rd quarter worth $56,000. Institutional investors own 80.13% of the company’s stock.

Analyst Ratings Changes

IRM has been the topic of a number of recent research reports. Loop Capital set a $130.00 price objective on Iron Mountain in a research report on Wednesday, March 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a report on Thursday, January 22nd. Finally, Barclays increased their price target on shares of Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.60.

Insider Activity at Iron Mountain

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $107.27, for a total value of $643,620.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William L. Meaney sold 137,133 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $109.39, for a total value of $15,000,978.87. Following the completion of the sale, the chief executive officer directly owned 295,975 shares of the company’s stock, valued at approximately $32,376,705.25. This represents a 31.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 391,931 shares of company stock valued at $41,180,243 in the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Iron Mountain Trading Down 5.1%

Shares of IRM stock opened at $99.58 on Friday. Iron Mountain Incorporated has a 12-month low of $72.33 and a 12-month high of $115.24. The business’s fifty day simple moving average is $101.13 and its 200-day simple moving average is $96.36. The company has a market cap of $29.46 billion, a PE ratio of 207.45 and a beta of 1.13.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Monday, March 16th will be given a dividend of $0.864 per share. This represents a $3.46 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, March 16th. Iron Mountain’s dividend payout ratio is currently 720.83%.

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.