Glenview Trust Co Acquires New Position in Iron Mountain Incorporated $IRM

Glenview Trust Co purchased a new stake in Iron Mountain Incorporated (NYSE:IRM) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 11,016 shares of the financial services provider’s stock, valued at approximately $1,391,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its stake in Iron Mountain by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 33,889 shares of the financial services provider’s stock worth $3,461,000 after purchasing an additional 100 shares in the last quarter. Rothschild Investment LLC lifted its stake in Iron Mountain by 15.4% in the fourth quarter. Rothschild Investment LLC now owns 780 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 104 shares during the last quarter. Meeder Advisory Services Inc. increased its position in shares of Iron Mountain by 2.9% in the 1st quarter. Meeder Advisory Services Inc. now owns 3,741 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 107 shares during the last quarter. Corrado Advisors LLC lifted its position in shares of Iron Mountain by 0.6% during the 4th quarter. Corrado Advisors LLC now owns 19,856 shares of the financial services provider’s stock worth $1,647,000 after purchasing an additional 110 shares during the last quarter. Finally, Essential Partners LLC grew its stake in shares of Iron Mountain by 24.4% during the first quarter. Essential Partners LLC now owns 561 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 110 shares in the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Weiss Ratings lowered shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Wall Street Zen lowered Iron Mountain from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Truist Financial upped their target price on Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Barclays boosted their price objective on Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $137.67.

Insider Activity at Iron Mountain

In other news, EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $122.70, for a total transaction of $736,200.00. Following the completion of the transaction, the executive vice president directly owned 101,507 shares in the company, valued at $12,454,908.90. The trade was a 5.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $121.67, for a total transaction of $4,681,131.58. Following the completion of the sale, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at approximately $4,681,131.58. This trade represents a 50.00% 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 ninety days, insiders sold 127,422 shares of company stock worth $15,810,652. Company insiders own 1.70% of the company’s stock.

Iron Mountain Price Performance

Shares of IRM opened at $117.55 on Friday. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.68. The stock has a market capitalization of $34.99 billion, a P/E ratio of 83.96 and a beta of 1.20. The firm’s 50 day moving average is $123.89 and its 200-day moving average is $118.13.

Iron Mountain (NYSE:IRM) last issued its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.54 by $0.06. The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.Iron Mountain’s revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.24 earnings per share. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. As a group, equities research analysts forecast that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 15th will be paid a dividend of $0.864 per share. The ex-dividend date is Tuesday, September 15th. This represents a $3.46 annualized dividend and a yield of 2.9%. Iron Mountain’s dividend payout ratio is presently 247.14%.

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.