LDR Capital Management LLC Buys New Position in Iron Mountain Incorporated $IRM

LDR Capital Management LLC purchased a new position in Iron Mountain Incorporated (NYSE:IRM) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,073 shares of the financial services provider’s stock, valued at approximately $1,129,000. Iron Mountain makes up 1.7% of LDR Capital Management LLC’s portfolio, making the stock its 18th biggest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Quent Capital LLC bought a new position in shares of Iron Mountain during the 3rd quarter valued at about $27,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 purchasing an additional 343 shares in the last quarter. City Holding Co. acquired a new stake in Iron Mountain during the third quarter valued at approximately $68,000. First Horizon Corp bought a new stake in Iron Mountain during the third quarter worth approximately $68,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Iron Mountain in the second quarter worth approximately $79,000. 80.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Jefferies Financial Group initiated coverage on Iron Mountain in a research report on Monday, September 22nd. They set a “buy” rating and a $120.00 price objective for the company. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a research report on Wednesday, October 8th. Barclays restated an “overweight” rating and set a $126.00 price objective on shares of Iron Mountain in a report on Tuesday, January 13th. Finally, 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. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.40.

Iron Mountain Trading Up 1.4%

Shares of Iron Mountain stock opened at $94.00 on Tuesday. Iron Mountain Incorporated has a 1 year low of $72.33 and a 1 year high of $112.18. The company has a market cap of $27.79 billion, a P/E ratio of 181.32 and a beta of 1.13. The stock has a 50-day moving average price of $86.03 and a 200 day moving average price of $94.18.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings results 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 net margin of 2.40% and a negative return on equity of 112.70%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period in the prior year, the firm earned $1.13 earnings per share. The firm’s revenue was up 12.7% compared to the same quarter last year. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. On average, equities analysts forecast that Iron Mountain Incorporated will post 4.54 earnings per share for the current fiscal year.

Iron Mountain Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were given a dividend of $0.864 per share. The ex-dividend date of this dividend was Monday, December 15th. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.79. This represents a $3.46 dividend on an annualized basis and a yield of 3.7%. Iron Mountain’s payout ratio is 652.83%.

Insider Activity

In other news, CEO William L. Meaney sold 69,125 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $83.34, for a total transaction of $5,760,877.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mark Kidd sold 7,306 shares of Iron Mountain stock in a transaction on Friday, October 31st. The shares were sold at an average price of $100.82, for a total transaction of $736,590.92. Following the completion of the sale, the executive vice president directly owned 73,081 shares of the company’s stock, valued at approximately $7,368,026.42. The trade was a 9.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 202,038 shares of company stock worth $18,424,270. Insiders own 1.90% of the company’s stock.

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.