Resona Asset Management Co. Ltd. Has $18.07 Million Position in Iron Mountain Incorporated $IRM

Resona Asset Management Co. Ltd. increased its holdings in Iron Mountain Incorporated (NYSE:IRM) by 7.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 179,352 shares of the financial services provider’s stock after purchasing an additional 12,160 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Iron Mountain were worth $18,067,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Iron Mountain by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider’s stock worth $2,573,000 after buying an additional 1,286 shares during the period. Empowered Funds LLC raised its stake in Iron Mountain by 10.3% during the first quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock worth $493,000 after acquiring an additional 537 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of Iron Mountain by 41.0% during the first quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider’s stock valued at $2,129,000 after acquiring an additional 7,193 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Iron Mountain by 12.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,382 shares of the financial services provider’s stock valued at $552,000 after purchasing an additional 609 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Iron Mountain by 2.4% in the 2nd quarter. Fifth Third Bancorp now owns 21,090 shares of the financial services provider’s stock worth $2,163,000 after purchasing an additional 499 shares during the last quarter. 80.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on IRM shares. Weiss Ratings restated 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 research report on Monday, October 20th. Barclays reiterated an “overweight” rating and issued a $126.00 price objective on shares of Iron Mountain in a research report on Tuesday, January 13th. Finally, 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 research note on Thursday, November 6th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.40.

Insider Activity

In other news, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $83.10, for a total transaction of $498,600.00. Following the completion of the sale, the executive vice president owned 55,081 shares in the company, valued at $4,577,231.10. The trade was a 9.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William L. Meaney sold 38,482 shares of the business’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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 202,038 shares of company stock valued at $18,424,270 over the last three months. Company insiders own 1.90% of the company’s stock.

Iron Mountain Price Performance

Shares of Iron Mountain stock opened at $93.59 on Friday. The firm has a 50 day simple moving average of $85.85 and a 200 day simple moving average of $94.03. Iron Mountain Incorporated has a fifty-two week low of $72.33 and a fifty-two week high of $112.18. The firm has a market cap of $27.66 billion, a P/E ratio of 176.59 and a beta of 1.13.

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, beating analysts’ consensus estimates 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 negative return on equity of 112.70% and a net margin of 2.40%.The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company earned $1.13 EPS. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. On average, sell-side analysts expect that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were given a $0.864 dividend. The ex-dividend date was Monday, December 15th. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.79. This represents a $3.46 dividend on an annualized basis and a yield of 3.7%. Iron Mountain’s dividend payout ratio is 650.94%.

Iron Mountain Company 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.