Mitsubishi UFJ Trust & Banking Corp Has $12.03 Million Stock Position in Iron Mountain Incorporated $IRM

Mitsubishi UFJ Trust & Banking Corp lessened its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 5.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 118,028 shares of the financial services provider’s stock after selling 6,205 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Iron Mountain were worth $12,032,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of IRM. Quent Capital LLC acquired a new position in shares of Iron Mountain in the third quarter valued at $27,000. Caitong International Asset Management Co. Ltd increased 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 valued at $67,000 after buying an additional 343 shares during the period. First Horizon Corp acquired a new position in shares of Iron Mountain in the 3rd quarter valued at $68,000. City Holding Co. bought a new position in shares of Iron Mountain during the 3rd quarter worth about $68,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Iron Mountain during the 2nd quarter valued at about $79,000. 80.13% of the stock is currently owned by institutional investors.

Insider Transactions at Iron Mountain

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

Iron Mountain Trading Down 2.3%

NYSE IRM opened at $91.69 on Wednesday. Iron Mountain Incorporated has a 1-year low of $72.33 and a 1-year high of $108.15. The company has a 50 day moving average of $86.00 and a 200-day moving average of $93.91. The firm has a market cap of $27.10 billion, a price-to-earnings ratio of 173.00 and a beta of 1.13.

Iron Mountain (NYSE:IRM) last released its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $1.32 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 business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same period in the prior year, the company earned $1.13 EPS. Iron Mountain’s revenue for the quarter was up 12.7% on a year-over-year basis. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. On average, analysts forecast that Iron Mountain Incorporated will post 4.54 earnings per share for the current year.

Iron Mountain Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th were paid a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.8%. This is a boost from Iron Mountain’s previous quarterly dividend of $0.79. The ex-dividend date was Monday, December 15th. Iron Mountain’s dividend payout ratio is 650.94%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on IRM shares. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a research note on Thursday, January 22nd. Barclays reissued an “overweight” rating and issued a $126.00 target price on shares of Iron Mountain in a report on Tuesday, January 13th. Finally, JPMorgan Chase & Co. boosted their price target on Iron Mountain from $100.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Iron Mountain presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.40.

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.