Tema Etfs LLC Buys New Stake in Iron Mountain Incorporated $IRM

Tema Etfs LLC purchased a new stake in Iron Mountain Incorporated (NYSE:IRM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,395 shares of the financial services provider’s stock, valued at approximately $2,283,000.

Other institutional investors have also modified their holdings of the company. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Iron Mountain during the 2nd quarter worth about $51,000. Caitong International Asset Management Co. Ltd boosted its holdings in Iron Mountain by 111.7% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 650 shares of the financial services provider’s stock worth $67,000 after buying an additional 343 shares during the last quarter. City Holding Co. purchased a new stake in Iron Mountain during the 3rd quarter worth approximately $68,000. CYBER HORNET ETFs LLC acquired a new position in shares of Iron Mountain during the second quarter valued at approximately $79,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of Iron Mountain in the second quarter valued at approximately $81,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Insider Buying and Selling at Iron Mountain

In related news, EVP Mark Kidd sold 7,306 shares of Iron Mountain stock in a transaction on Friday, October 31st. The stock was sold at an average price of $100.82, for a total value of $736,590.92. Following the completion of the transaction, the executive vice president directly owned 73,081 shares in the company, valued at approximately $7,368,026.42. This trade represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William L. Meaney sold 69,125 shares of Iron Mountain stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $83.34, for a total transaction of $5,760,877.50. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 202,038 shares of company stock valued at $18,424,270. Insiders own 1.90% of the company’s stock.

Iron Mountain Price Performance

Shares of NYSE IRM opened at $89.45 on Tuesday. The company has a market capitalization of $26.44 billion, a P/E ratio of 168.77 and a beta of 1.13. The company has a 50 day simple moving average of $86.88 and a 200-day simple moving average of $94.45. Iron Mountain Incorporated has a 1 year low of $72.33 and a 1 year high of $112.18.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.03. Iron Mountain had a negative return on equity of 112.70% and a net margin of 2.40%.The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period last year, the company earned $1.13 EPS. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. As a group, research analysts expect that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th were given a $0.864 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $3.46 annualized dividend and a yield of 3.9%. This is a boost from Iron Mountain’s previous quarterly dividend of $0.79. Iron Mountain’s dividend payout ratio is 652.83%.

Analyst Ratings Changes

IRM has been the subject of several recent research reports. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. JPMorgan Chase & Co. upped their price objective 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. Barclays increased their price objective on shares of Iron Mountain from $122.00 to $123.00 and gave the company an “overweight” rating in a report on Wednesday, November 12th. Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a report on Wednesday, October 8th. Finally, Jefferies Financial Group initiated coverage on Iron Mountain in a report on Monday, September 22nd. They issued a “buy” rating and a $120.00 price target for the company. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $114.80.

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.