Knights of Columbus Asset Advisors LLC Has $3.04 Million Holdings in Iron Mountain Incorporated $IRM

Knights of Columbus Asset Advisors LLC lessened its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 55.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,802 shares of the financial services provider’s stock after selling 36,819 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Iron Mountain were worth $3,038,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their target price on Iron Mountain from $100.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research note on Thursday, January 22nd. Barclays restated an “overweight” rating and issued a $126.00 target price on shares of Iron Mountain in a research note on Tuesday, January 13th. Finally, Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $115.40.

Insider Buying and Selling

In other news, 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 transaction, the executive vice president owned 55,081 shares of the company’s stock, valued at $4,577,231.10. This represents a 9.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William L. Meaney sold 69,125 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $102.75, for a total value of $7,102,593.75. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 194,732 shares of company stock worth $17,687,679. Insiders own 1.90% of the company’s stock.

Iron Mountain Stock Down 0.9%

IRM stock opened at $92.18 on Friday. Iron Mountain Incorporated has a twelve month low of $72.33 and a twelve month high of $108.15. The company has a market cap of $27.25 billion, a P/E ratio of 173.93 and a beta of 1.13. The business has a fifty day moving average of $86.45 and a 200-day moving average of $93.85.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.03. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Iron Mountain had a negative return on equity of 112.70% and a net margin of 2.40%.The company’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the company earned $1.13 earnings per share. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. As a group, equities research analysts anticipate that Iron Mountain Incorporated will post 4.54 earnings per share for the current fiscal year.

Iron Mountain Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were paid a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.7%. This is a positive change 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 presently 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.