Voya Investment Management LLC Has $6.38 Million Position in Iron Mountain Incorporated $IRM

Voya Investment Management LLC decreased its stake in Iron Mountain Incorporated (NYSE:IRM) by 23.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,625 shares of the financial services provider’s stock after selling 19,025 shares during the period. Voya Investment Management LLC’s holdings in Iron Mountain were worth $6,384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in IRM. Wedmont Private Capital lifted its position in shares of Iron Mountain by 9.9% in the 3rd quarter. Wedmont Private Capital now owns 3,157 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 285 shares during the period. Czech National Bank raised its stake in Iron Mountain by 4.0% during the third quarter. Czech National Bank now owns 75,013 shares of the financial services provider’s stock worth $7,647,000 after buying an additional 2,894 shares during the last quarter. Woodstock Corp lifted its holdings in Iron Mountain by 13.9% in the third quarter. Woodstock Corp now owns 63,057 shares of the financial services provider’s stock valued at $6,428,000 after buying an additional 7,679 shares during the period. Assenagon Asset Management S.A. boosted its position in Iron Mountain by 1.6% during the third quarter. Assenagon Asset Management S.A. now owns 11,724 shares of the financial services provider’s stock valued at $1,195,000 after acquiring an additional 186 shares during the last quarter. Finally, Oak Thistle LLC grew its holdings in Iron Mountain by 85.2% during the 3rd quarter. Oak Thistle LLC now owns 11,980 shares of the financial services provider’s stock worth $1,221,000 after acquiring an additional 5,513 shares during the period. 80.13% of the stock is currently owned by institutional investors.

Insider Activity at Iron Mountain

In other news, CEO William L. Meaney sold 69,125 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $83.34, for a total value of $5,760,877.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $85.00, for a total value of $510,000.00. Following the sale, the executive vice president owned 61,081 shares of the company’s stock, valued at $5,191,885. This trade represents a 8.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 226,681 shares of company stock valued at $21,799,375. Company insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on IRM shares. JPMorgan Chase & Co. boosted their price objective on Iron Mountain from $100.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Jefferies Financial Group began coverage on Iron Mountain in a report on Monday, September 22nd. They set a “buy” rating and a $120.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a research note on Wednesday, October 8th. Finally, Barclays increased their target price 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. Five research 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.80.

Iron Mountain Stock Down 0.4%

Shares of IRM opened at $80.47 on Thursday. The business’s fifty day moving average is $91.97 and its 200 day moving average is $96.10. Iron Mountain Incorporated has a 12-month low of $72.33 and a 12-month high of $112.18. The stock has a market cap of $23.78 billion, a P/E ratio of 151.83 and a beta of 1.14.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.03. Iron Mountain had a net margin of 2.40% and a negative return on equity of 112.70%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the company posted $1.13 earnings per share. The business’s 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. On average, analysts expect that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th will be issued a dividend of $0.864 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $3.46 dividend on an annualized basis and a yield of 4.3%. This is an increase from Iron Mountain’s previous quarterly dividend of $0.79. Iron Mountain’s dividend payout ratio is presently 650.94%.

About Iron Mountain

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.