Americana Partners LLC Invests $20.02 Million in Iron Mountain Incorporated $IRM

Americana Partners LLC purchased a new position in Iron Mountain Incorporated (NYSE:IRM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 241,349 shares of the financial services provider’s stock, valued at approximately $20,020,000.

Other institutional investors have also recently made changes to their positions in the company. Johnson Financial Group Inc. purchased a new position in Iron Mountain during the third quarter worth approximately $32,000. Franchise GP Ltd purchased a new position in Iron Mountain during the fourth quarter worth approximately $38,000. Wealth Watch Advisors INC purchased a new position in Iron Mountain during the third quarter worth approximately $44,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Iron Mountain in the fourth quarter valued at $45,000. Finally, Global Wealth Strategies & Associates purchased a new stake in Iron Mountain in the fourth quarter valued at $50,000. 80.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Iron Mountain

In other news, Director Walter C. Rakowich sold 757 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $124.45, for a total transaction of $94,208.65. Following the sale, the director owned 1,135 shares in the company, valued at $141,250.75. This trade represents a 40.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $127.91, for a total value of $767,460.00. Following the completion of the transaction, the executive vice president directly owned 119,507 shares in the company, valued at $15,286,140.37. This trade represents a 4.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 498,771 shares of company stock valued at $54,363,582. 1.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Truist Financial set a $140.00 price objective on Iron Mountain in a research note on Friday, May 1st. Barclays boosted their target price on Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Finally, Loop Capital set a $130.00 target price on Iron Mountain in a research note on Wednesday, March 4th. Four 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 an average rating of “Moderate Buy” and an average target price of $131.67.

Iron Mountain Trading Down 0.6%

Shares of IRM stock opened at $126.58 on Friday. The company has a market cap of $37.66 billion, a price-to-earnings ratio of 139.10 and a beta of 1.20. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.09. The stock has a 50 day simple moving average of $113.86 and a 200-day simple moving average of $100.48.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.10. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The firm’s revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.17 EPS. 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. On average, equities analysts forecast that Iron Mountain Incorporated will post 5.4 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Monday, June 15th will be issued a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, June 15th. Iron Mountain’s dividend payout ratio is 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.