Lansforsakringar Fondforvaltning AB publ Has $10.14 Million Stock Position in Iron Mountain Incorporated $IRM

Lansforsakringar Fondforvaltning AB publ increased its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 10.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 99,462 shares of the financial services provider’s stock after buying an additional 9,209 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Iron Mountain were worth $10,139,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Iron Mountain by 0.4% in the third quarter. Vanguard Group Inc. now owns 47,253,100 shares of the financial services provider’s stock worth $4,816,981,000 after acquiring an additional 188,213 shares during the last quarter. State Street Corp increased its position in Iron Mountain by 0.6% during the 2nd quarter. State Street Corp now owns 16,809,643 shares of the financial services provider’s stock worth $1,737,002,000 after purchasing an additional 104,524 shares in the last quarter. Invesco Ltd. lifted its stake in Iron Mountain by 50.6% in the 2nd quarter. Invesco Ltd. now owns 4,289,583 shares of the financial services provider’s stock valued at $439,983,000 after purchasing an additional 1,440,629 shares during the last quarter. Norges Bank acquired a new stake in Iron Mountain in the second quarter valued at approximately $419,457,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Iron Mountain by 4.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,625,808 shares of the financial services provider’s stock worth $371,899,000 after buying an additional 138,329 shares during the last quarter. Institutional investors own 80.13% of the company’s stock.

Analysts Set New Price Targets

IRM has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a report on Thursday, January 22nd. JPMorgan Chase & Co. increased their target price on Iron Mountain from $100.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Finally, Barclays lifted their price target on Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Iron Mountain presently has a consensus rating of “Moderate Buy” and an average target price of $113.25.

Iron Mountain Trading Up 0.8%

Shares of IRM stock opened at $111.19 on Tuesday. Iron Mountain Incorporated has a 1-year low of $72.33 and a 1-year high of $111.63. The stock has a market cap of $32.89 billion, a price-to-earnings ratio of 231.65 and a beta of 1.16. The stock has a 50-day moving average of $91.71 and a 200-day moving average of $94.26.

Iron Mountain Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Monday, March 16th will be issued a dividend of $0.864 per share. The ex-dividend date is Monday, March 16th. This represents a $3.46 annualized dividend and a yield of 3.1%. Iron Mountain’s dividend payout ratio (DPR) is presently 720.83%.

Insider Buying and Selling

In other news, CEO William L. Meaney sold 69,125 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $83.34, for a total value of $5,760,877.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 transaction of $498,600.00. Following the sale, the executive vice president owned 55,081 shares of the company’s stock, valued at approximately $4,577,231.10. This trade represents a 9.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 119,607 shares of company stock worth $9,970,025 in the last 90 days. Corporate insiders own 1.90% of the company’s stock.

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.