Iron Mountain (NYSE:IRM) Sets New 52-Week High – Still a Buy?

Iron Mountain Incorporated (NYSE:IRM)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $134.68 and last traded at $132.0350, with a volume of 36915 shares traded. The stock had previously closed at $133.06.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on IRM shares. Loop Capital set a $130.00 target price on Iron Mountain in a report on Wednesday, March 4th. Wall Street Zen cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. Truist Financial set a $140.00 price objective on shares of Iron Mountain in a report on Friday, May 1st. Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Iron Mountain presently has an average rating of “Moderate Buy” and an average target price of $131.67.

Iron Mountain Stock Performance

The company has a market cap of $39.12 billion, a price-to-earnings ratio of 144.58 and a beta of 1.19. The firm has a fifty day moving average price of $124.23 and a 200 day moving average price of $106.06.

Iron Mountain (NYSE:IRM) last released its earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.10. The business had revenue of $1.94 billion during 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 last year, the business earned $1.17 earnings per share. 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, analysts expect that Iron Mountain Incorporated will post 5.4 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be paid a $0.864 dividend. This represents a $3.46 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, June 15th. Iron Mountain’s dividend payout ratio (DPR) is 380.22%.

Insider Activity

In other news, Director Pamela M. Arway sold 1,892 shares of Iron Mountain stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $128.97, for a total transaction of $244,011.24. Following the completion of the transaction, the director directly owned 40,196 shares in the company, valued at approximately $5,184,078.12. The trade was a 4.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $126.70, for a total value of $760,200.00. Following the transaction, the executive vice president directly owned 113,507 shares in the company, valued at $14,381,336.90. The trade was a 5.02% 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. Over the last quarter, insiders have sold 143,260 shares of company stock valued at $17,203,835. 1.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Iron Mountain

Several hedge funds have recently added to or reduced their stakes in the business. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Iron Mountain during the 4th quarter worth about $25,000. Beaird Harris Wealth Management LLC lifted its position in Iron Mountain by 17,500.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 350 shares during the last quarter. Dynamic Wealth Strategies LLC bought a new stake in shares of Iron Mountain during the first quarter worth approximately $31,000. Johnson Financial Group Inc. acquired a new position in shares of Iron Mountain in the third quarter valued at approximately $32,000. Finally, Bayban bought a new position in shares of Iron Mountain during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

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.