Iron Mountain Incorporated (NYSE:IRM) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Iron Mountain Incorporated (NYSE:IRM) have been given an average recommendation of “Moderate Buy” by the ten analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $143.89.

IRM has been the subject of a number of analyst reports. BNP Paribas Exane upped their price objective on shares of Iron Mountain from $138.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Wall Street Zen lowered Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Wells Fargo & Company raised their price objective on Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Truist Financial boosted their price objective on Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Finally, Rothschild & Co Redburn assumed coverage on Iron Mountain in a research report on Monday, September 21st. They set a “buy” rating and a $132.00 target price on the stock.

Iron Mountain Trading Up 2.4%

Shares of IRM stock opened at $118.43 on Friday. The firm’s fifty day moving average price is $114.80 and its two-hundred day moving average price is $114.75. Iron Mountain has a 1 year low of $77.77 and a 1 year high of $134.68. The firm has a market capitalization of $35.26 billion, a P/E ratio of 84.60 and a beta of 1.17.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same period last year, the company posted $1.24 earnings per share. The business’s quarterly revenue was up 18.5% on a year-over-year basis. 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 will post 5.42 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.8640 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $3.46 annualized dividend and a dividend yield of 2.9%. Iron Mountain’s payout ratio is currently 247.14%.

Insider Transactions at Iron Mountain

In related news, CEO William Meaney sold 38,474 shares of Iron Mountain stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $110.45, for a total value of $4,249,453.30. Following the transaction, the chief executive officer owned 38,474 shares in the company, valued at approximately $4,249,453.30. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal 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, EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $115.60, for a total value of $693,600.00. Following the sale, the executive vice president owned 95,507 shares of the company’s stock, valued at $11,040,609.20. This represents a 5.91% 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. Insiders sold a total of 137,422 shares of company stock worth $15,881,099 in the last ninety days. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Iron Mountain

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. RB Capital Management LLC acquired a new position in shares of Iron Mountain during the 2nd quarter worth about $5,907,000. Canada Pension Plan Investment Board bought a new position in Iron Mountain during the 2nd quarter valued at about $3,709,000. Glenview Trust Co acquired a new stake in Iron Mountain during the 2nd quarter valued at $1,391,000. Sanctuary Advisors LLC acquired a new position in Iron Mountain during the 2nd quarter worth about $17,300,000. Finally, Deutsche Bank AG acquired a new stake in shares of Iron Mountain in the second quarter valued at approximately $385,129,000. Institutional investors own 80.13% of the company’s stock.

Iron Mountain Company Profile

Iron Mountain Incorporated (NYSE: IRM) is a global information management and storage company that helps organizations protect, manage and optimize their physical and digital assets. Founded in 1951, the company began as a records storage provider and has expanded into a broader information lifecycle management business.

Its services include records storage and retrieval, information governance, secure shredding and destruction, document scanning, digital transformation, backup and recovery, and data center services.