Vontobel Holding Ltd. Buys New Holdings in Iron Mountain Incorporated $IRM

by · The Cerbat Gem

Vontobel Holding Ltd. purchased a new position in shares of Iron Mountain Incorporated (NYSE:IRM – Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,078,487 shares of the financial services provider’s stock, valued at approximately $109,941,000. Vontobel Holding Ltd. owned 0.37% of Iron Mountain as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Natural Investments LLC boosted its stake in shares of Iron Mountain by 3.1% during the 3rd quarter. Natural Investments LLC now owns 3,581 shares of the financial services provider’s stock worth $365,000 after acquiring an additional 107 shares during the period. Cooper Financial Group raised its stake in Iron Mountain by 3.7% in the 2nd quarter. Cooper Financial Group now owns 3,155 shares of the financial services provider’s stock valued at $324,000 after acquiring an additional 113 shares during the period. Fidelis Capital Partners LLC raised its stake in Iron Mountain by 2.3% in the 2nd quarter. Fidelis Capital Partners LLC now owns 5,700 shares of the financial services provider’s stock valued at $585,000 after acquiring an additional 128 shares during the period. PFG Investments LLC lifted its holdings in Iron Mountain by 0.6% during the 2nd quarter. PFG Investments LLC now owns 23,599 shares of the financial services provider’s stock valued at $2,421,000 after purchasing an additional 133 shares during the last quarter. Finally, Centaurus Financial Inc. boosted its position in Iron Mountain by 2.1% during the second quarter. Centaurus Financial Inc. now owns 6,568 shares of the financial services provider’s stock worth $674,000 after purchasing an additional 134 shares during the period. Institutional investors own 80.13% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on IRM. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a report on Wednesday, October 8th. Jefferies Financial Group began 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. boosted their price objective on Iron Mountain from $100.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Finally, Barclays upped their target price on Iron Mountain from $122.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, November 12th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.80.

Check Out Our Latest Stock Analysis on Iron Mountain

Iron Mountain Stock Performance

NYSE:IRM opened at $80.76 on Wednesday. Iron Mountain Incorporated has a 52 week low of $72.33 and a 52 week high of $112.18. The firm’s 50-day simple moving average is $92.48 and its 200 day simple moving average is $96.21. The firm has a market cap of $23.87 billion, a price-to-earnings ratio of 152.38 and a beta of 1.14.

Iron Mountain (NYSE:IRM – Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the previous year, the firm posted $1.13 EPS. The business’s revenue for the quarter 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. Sell-side analysts anticipate that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th will be paid a dividend of $0.864 per share. This is a boost from Iron Mountain’s previous quarterly dividend of $0.79. The ex-dividend date is Monday, December 15th. This represents a $3.46 dividend on an annualized basis and a yield of 4.3%. Iron Mountain’s dividend payout ratio is 652.83%.

Insider Buying and Selling at Iron Mountain

In related news, CEO William L. Meaney sold 69,125 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $102.34, for a total value of $7,074,252.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mark Kidd sold 7,306 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $100.82, for a total value of $736,590.92. Following the completion of the transaction, the executive vice president directly owned 73,081 shares of the company’s stock, valued at approximately $7,368,026.42. This trade represents a 9.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 226,681 shares of company stock valued at $21,799,375 over the last ninety days. Insiders own 1.90% of the company’s stock.

Iron Mountain Profile

(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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