UniSuper Management Pty Ltd Acquires 5,845 Shares of Iron Mountain Incorporated $IRM

UniSuper Management Pty Ltd grew its stake in Iron Mountain Incorporated (NYSE:IRM) by 5.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 118,059 shares of the financial services provider’s stock after purchasing an additional 5,845 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Iron Mountain were worth $12,035,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of IRM. Strs Ohio increased its stake in Iron Mountain by 14.6% in the 3rd quarter. Strs Ohio now owns 257,515 shares of the financial services provider’s stock valued at $26,251,000 after buying an additional 32,903 shares during the last quarter. Rakuten Investment Management Inc. acquired a new stake in Iron Mountain during the 3rd quarter valued at $3,117,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Iron Mountain by 4.1% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 497,720 shares of the financial services provider’s stock worth $50,738,000 after buying an additional 19,540 shares during the period. Vert Asset Management LLC grew its position in shares of Iron Mountain by 3.9% in the third quarter. Vert Asset Management LLC now owns 134,581 shares of the financial services provider’s stock valued at $13,719,000 after purchasing an additional 5,099 shares during the last quarter. Finally, LDR Capital Management LLC bought a new position in Iron Mountain during the 3rd quarter worth $1,129,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO William L. Meaney sold 69,125 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $83.34, for a total value of $5,760,877.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction of $736,590.92. Following the sale, the executive vice president directly owned 73,081 shares of the company’s stock, valued at $7,368,026.42. This represents a 9.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 202,038 shares of company stock valued at $18,424,270. 1.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on IRM shares. JPMorgan Chase & Co. lifted their price objective on Iron Mountain from $100.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a research note on Thursday. Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Finally, Barclays reaffirmed an “overweight” rating and set a $126.00 target price on shares of Iron Mountain in a report on Tuesday, January 13th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.40.

Iron Mountain Price Performance

NYSE IRM opened at $93.59 on Friday. The firm has a market cap of $27.66 billion, a price-to-earnings ratio of 176.59 and a beta of 1.13. Iron Mountain Incorporated has a 1 year low of $72.33 and a 1 year high of $112.18. The company has a fifty day moving average price of $85.85 and a 200-day moving average price of $94.03.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates 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 2.40% and a negative return on equity of 112.70%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.13 EPS. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. On average, research analysts anticipate that Iron Mountain Incorporated will post 4.54 EPS for the current fiscal year.

Iron Mountain Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th were issued a $0.864 dividend. This represents a $3.46 annualized dividend and a yield of 3.7%. 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. Iron Mountain’s payout ratio is 650.94%.

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.