Dimensional Fund Advisors LP Raises Holdings in Iron Mountain Incorporated $IRM

by · The Cerbat Gem

Dimensional Fund Advisors LP increased its position in shares of Iron Mountain Incorporated (NYSE:IRM – Free Report) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,348,039 shares of the financial services provider’s stock after buying an additional 55,273 shares during the period. Dimensional Fund Advisors LP owned about 1.47% of Iron Mountain worth $443,222,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Intact Investment Management Inc. purchased a new position in Iron Mountain during the third quarter valued at approximately $3,588,000. Sei Investments Co. lifted its holdings in Iron Mountain by 4.2% during the second quarter. Sei Investments Co. now owns 885,080 shares of the financial services provider’s stock worth $90,783,000 after buying an additional 35,301 shares during the period. PNC Financial Services Group Inc. boosted its position in Iron Mountain by 11.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 65,386 shares of the financial services provider’s stock valued at $6,707,000 after acquiring an additional 6,937 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in Iron Mountain by 17.2% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 103,960 shares of the financial services provider’s stock valued at $10,598,000 after acquiring an additional 15,225 shares in the last quarter. Finally, AGF Management Ltd. increased its holdings in shares of Iron Mountain by 178.0% in the 3rd quarter. AGF Management Ltd. now owns 22,185 shares of the financial services provider’s stock valued at $2,262,000 after acquiring an additional 14,205 shares during the period. 80.13% of the stock is currently owned by institutional investors.

Iron Mountain Stock Performance

Iron Mountain stock opened at $107.77 on Thursday. The stock has a market cap of $31.88 billion, a PE ratio of 224.52 and a beta of 1.13. The stock has a 50-day moving average of $95.83 and a two-hundred day moving average of $95.14. Iron Mountain Incorporated has a one year low of $72.33 and a one year high of $115.24.

Iron Mountain Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Monday, March 16th will be paid a dividend of $0.864 per share. The ex-dividend date is Monday, March 16th. This represents a $3.46 dividend on an annualized basis and a yield of 3.2%. Iron Mountain’s dividend payout ratio is presently 720.83%.

Insiders Place Their Bets

In other news, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $107.27, for a total transaction of $643,620.00. Following the completion of the sale, the executive vice president directly owned 131,507 shares in the company, valued at approximately $14,106,755.89. The trade was a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO William L. Meaney sold 137,133 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $109.39, for a total transaction of $15,000,978.87. Following the sale, the chief executive officer directly owned 295,975 shares in the company, valued at $32,376,705.25. This trade represents a 31.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 194,615 shares of company stock valued at $20,105,907. Insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Barclays upped their price objective on Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a report on Thursday, January 22nd. Loop Capital set a $130.00 price target on shares of Iron Mountain in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective 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. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Iron Mountain currently has a consensus rating of “Moderate Buy” and an average target price of $116.60.

View Our Latest Research Report on Iron Mountain

Key Stories Impacting Iron Mountain

Here are the key news stories impacting Iron Mountain this week:

  • Positive Sentiment: Company declared a quarterly dividend of $0.864 (annualized $3.46), with an ex-dividend/record cadence set in March; several analysts have raised targets and given overweight/buy ratings — supportive for income/valuation narratives. MarketBeat IRM Company Page
  • Positive Sentiment: Benzinga highlights that a $100 investment in IRM five years ago produced meaningful returns, underscoring multi-year total-return strength that can attract long-term investors. $100 Invested In Iron Mountain 5 Years Ago
  • Neutral Sentiment: Iron Mountain presented at the Morgan Stanley Technology, Media & Telecom conference; the transcript may contain useful color on strategy, digital services and growth priorities but contains no headline surprises that move the stock on its own. Conference Presentation Transcript
  • Negative Sentiment: Significant insider selling reported in early March: CEO William L. Meaney sold ~137,133 shares (~$15M), director Jennifer Allerton sold 7,000 shares, and EVP Mark Kidd sold 6,000 shares — raises governance/near-term sentiment concerns for some investors. Insider Selling Alerts

About Iron Mountain

(Free Report)

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.

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