Universal Beteiligungs und Servicegesellschaft mbH Has $49.05 Million Stock Position in Iron Mountain Incorporated $IRM

Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 30.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 478,180 shares of the financial services provider’s stock after acquiring an additional 110,583 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.16% of Iron Mountain worth $49,047,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cooper Financial Group lifted its holdings in shares of Iron Mountain by 3.7% in the second quarter. Cooper Financial Group now owns 3,155 shares of the financial services provider’s stock valued at $324,000 after purchasing an additional 113 shares in the last quarter. Diversify Advisory Services LLC grew its holdings in shares of Iron Mountain by 1.9% during the 1st quarter. Diversify Advisory Services LLC now owns 6,480 shares of the financial services provider’s stock valued at $572,000 after acquiring an additional 123 shares in the last quarter. Fidelis Capital Partners LLC increased its stake in shares of Iron Mountain by 2.3% in the second quarter. Fidelis Capital Partners LLC now owns 5,700 shares of the financial services provider’s stock worth $585,000 after acquiring an additional 128 shares during the last quarter. NorthRock Partners LLC raised its holdings in shares of Iron Mountain by 2.6% during the first quarter. NorthRock Partners LLC now owns 5,075 shares of the financial services provider’s stock worth $440,000 after acquiring an additional 131 shares in the last quarter. Finally, PFG Investments LLC boosted its position in Iron Mountain by 0.6% during the second quarter. PFG Investments LLC now owns 23,599 shares of the financial services provider’s stock valued at $2,421,000 after purchasing an additional 133 shares during 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 weighed in on the company. Jefferies Financial Group began coverage on Iron Mountain in a research report on Monday, September 22nd. They issued a “buy” rating and a $120.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research note on Wednesday, October 8th. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Barclays boosted their price objective on shares of Iron Mountain from $122.00 to $123.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of Iron Mountain from $100.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Iron Mountain currently has a consensus rating of “Moderate Buy” and an average price target of $118.83.

Insider Buying and Selling

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $102.51, for a total transaction of $615,060.00. Following the sale, the executive vice president owned 67,081 shares in the company, valued at $6,876,473.31. The trade was a 8.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William L. Meaney sold 69,125 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $102.75, for a total transaction of $7,102,593.75. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 226,681 shares of company stock valued at $22,265,632 in the last quarter. Corporate insiders own 1.90% of the company’s stock.

Iron Mountain Trading Down 1.2%

NYSE:IRM traded down $1.13 during trading hours on Monday, hitting $90.24. 149,993 shares of the company traded hands, compared to its average volume of 1,733,459. Iron Mountain Incorporated has a twelve month low of $72.33 and a twelve month high of $125.38. The firm has a 50-day moving average of $101.78 and a 200 day moving average of $98.85. The stock has a market capitalization of $26.67 billion, a price-to-earnings ratio of 640.33 and a beta of 1.06.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.03. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. Iron Mountain had a net margin of 0.66% and a negative return on equity of 146.80%. The business’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.13 EPS. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. Equities research analysts predict that Iron Mountain Incorporated will post 4.54 earnings per share for the current fiscal year.

Iron Mountain Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th will be issued a $0.864 dividend. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Monday, December 15th. This represents a $3.46 annualized dividend and a yield of 3.8%. Iron Mountain’s payout ratio is currently 650.94%.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers’ work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.