Strs Ohio Has $26.25 Million Holdings in Iron Mountain Incorporated $IRM

Strs Ohio boosted its stake in Iron Mountain Incorporated (NYSE:IRM) by 14.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 257,515 shares of the financial services provider’s stock after purchasing an additional 32,903 shares during the period. Strs Ohio’s holdings in Iron Mountain were worth $26,251,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quent Capital LLC bought a new stake in shares of Iron Mountain in the 3rd quarter valued at about $27,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Iron Mountain by 111.7% in the second quarter. Caitong International Asset Management Co. Ltd now owns 650 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 343 shares during the period. First Horizon Corp bought a new stake in Iron Mountain in the third quarter valued at approximately $68,000. City Holding Co. acquired a new stake in Iron Mountain during the 3rd quarter valued at approximately $68,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in Iron Mountain during the 2nd quarter valued at approximately $79,000. 80.13% of the stock is owned by institutional investors and hedge funds.

Iron Mountain Trading Down 0.3%

NYSE:IRM opened at $93.59 on Friday. Iron Mountain Incorporated has a 12 month low of $72.33 and a 12 month high of $112.18. The stock has a market capitalization of $27.66 billion, a price-to-earnings ratio of 176.59 and a beta of 1.13. The firm has a fifty day simple moving average of $85.85 and a two-hundred day simple moving average of $94.07.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.03. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. Iron Mountain had a net margin of 2.40% and a negative return on equity of 112.70%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.13 earnings per share. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. Equities analysts predict 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. Shareholders of record on Monday, December 15th were paid a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a yield of 3.7%. This is a boost from Iron Mountain’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend was Monday, December 15th. Iron Mountain’s payout ratio is 652.83%.

Insider Activity at Iron Mountain

In other news, CEO William L. Meaney sold 38,482 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $83.17, for a total transaction of $3,200,547.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Kidd sold 6,000 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $83.10, for a total value of $498,600.00. Following the completion of the transaction, the executive vice president owned 55,081 shares in the company, valued at approximately $4,577,231.10. This represents a 9.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 202,038 shares of company stock valued at $18,424,270. Corporate insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a research report on Thursday. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Finally, Barclays reissued an “overweight” rating and issued a $126.00 price objective on shares of Iron Mountain in a research note on Tuesday, January 13th. Five 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, Iron Mountain has a consensus rating of “Moderate Buy” and an average target price 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.