Intrua Financial LLC Sells 654 Shares of Iron Mountain Incorporated $IRM

Intrua Financial LLC decreased its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 22.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,309 shares of the financial services provider’s stock after selling 654 shares during the period. Intrua Financial LLC’s holdings in Iron Mountain were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Cerity Partners LLC grew its holdings in Iron Mountain by 3.8% during the 1st quarter. Cerity Partners LLC now owns 34,070 shares of the financial services provider’s stock valued at $2,931,000 after purchasing an additional 1,234 shares during the last quarter. Sigma Planning Corp boosted its position in shares of Iron Mountain by 26.5% during the first quarter. Sigma Planning Corp now owns 4,140 shares of the financial services provider’s stock valued at $356,000 after buying an additional 868 shares during the period. Whittier Trust Co. grew its stake in shares of Iron Mountain by 3.4% during the first quarter. Whittier Trust Co. now owns 3,265 shares of the financial services provider’s stock valued at $281,000 after buying an additional 108 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Iron Mountain by 197.3% in the first quarter. Larson Financial Group LLC now owns 1,659 shares of the financial services provider’s stock worth $143,000 after buying an additional 1,101 shares during the period. Finally, Diversify Advisory Services LLC lifted its stake in shares of Iron Mountain by 1.9% during the 1st quarter. Diversify Advisory Services LLC now owns 6,480 shares of the financial services provider’s stock worth $572,000 after acquiring an additional 123 shares during the last quarter. Institutional investors own 80.13% of the company’s stock.

Insiders Place Their Bets

In related news, CEO William L. Meaney sold 69,125 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $102.75, for a total transaction of $7,102,593.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $102.51, for a total value of $615,060.00. Following the completion of the transaction, the executive vice president owned 67,081 shares in the company, valued at $6,876,473.31. This trade represents a 8.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 226,681 shares of company stock valued at $22,265,632 over the last 90 days. 1.90% of the stock is currently owned by company insiders.

Iron Mountain Stock Performance

NYSE IRM opened at $91.48 on Friday. Iron Mountain Incorporated has a one year low of $72.33 and a one year high of $125.38. The company has a market capitalization of $27.04 billion, a price-to-earnings ratio of 653.48 and a beta of 1.06. The company’s 50-day simple moving average is $101.78 and its two-hundred day simple moving average is $98.79.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings results 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. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Iron Mountain had a net margin of 0.66% and a negative return on equity of 146.80%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.13 EPS. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. Equities analysts expect that Iron Mountain Incorporated will post 4.54 earnings per share for the current fiscal year.

Iron Mountain Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be given a $0.864 dividend. This represents a $3.46 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, December 15th. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.79. Iron Mountain’s dividend payout ratio is presently 650.94%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Jefferies Financial Group assumed coverage on shares of Iron Mountain in a report on Monday, September 22nd. They issued a “buy” rating and a $120.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of Iron Mountain from $100.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research report on Wednesday, October 8th. Finally, Barclays raised their target price on shares of Iron Mountain from $122.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.83.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers’ work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.