Verition Fund Management LLC grew its holdings in Iron Mountain Incorporated (NYSE:IRM – Free Report) by 648.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 208,951 shares of the financial services provider’s stock after acquiring an additional 181,051 shares during the quarter. Verition Fund Management LLC’s holdings in Iron Mountain were worth $17,332,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Johnson Financial Group Inc. acquired a new stake in Iron Mountain in the third quarter worth about $32,000. Triumph Capital Management boosted its holdings in Iron Mountain by 1,056.8% in the fourth quarter. Triumph Capital Management now owns 428 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 391 shares in the last quarter. Franchise GP Ltd acquired a new stake in Iron Mountain in the fourth quarter worth about $38,000. Wealth Watch Advisors INC acquired a new stake in Iron Mountain in the third quarter worth about $44,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Iron Mountain in the fourth quarter worth about $45,000. Institutional investors and hedge funds own 80.13% of the company’s stock.
Insider Buying and Selling
In other Iron Mountain news, EVP Mithu Bhargava sold 59,725 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $104.62, for a total value of $6,248,429.50. Following the completion of the transaction, the executive vice president directly owned 16,054 shares of the company’s stock, valued at approximately $1,679,569.48. The trade was a 78.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Pamela M. Arway sold 1,892 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $128.97, for a total value of $244,011.24. Following the completion of the transaction, the director directly owned 40,196 shares of the company’s stock, valued at $5,184,078.12. The trade was a 4.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 202,985 shares of company stock valued at $23,452,265 in the last three months. 1.70% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on Iron Mountain
Iron Mountain Trading Down 0.8%
Shares of NYSE:IRM opened at $126.22 on Tuesday. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.09. The company has a market capitalization of $37.55 billion, a PE ratio of 138.70 and a beta of 1.19. The business has a 50 day moving average of $121.49 and a two-hundred day moving average of $104.19.
Iron Mountain (NYSE:IRM – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.10. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the company posted $1.17 earnings per share. Iron Mountain’s revenue for the quarter was up 21.5% on a year-over-year basis. Iron Mountain has set its Q2 2026 guidance at 1.400-1.400 EPS and its FY 2026 guidance at 5.790-5.860 EPS. Equities research analysts predict that Iron Mountain Incorporated will post 5.4 earnings per share for the current fiscal year.
Iron Mountain Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be issued a $0.864 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.7%. Iron Mountain’s payout ratio is presently 380.22%.
About Iron Mountain
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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