Montag A & Associates Inc. Sells 5,569 Shares of Iron Mountain Incorporated $IRM

Montag A & Associates Inc. lessened its position in Iron Mountain Incorporated (NYSE:IRM) by 64.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,019 shares of the financial services provider’s stock after selling 5,569 shares during the period. Montag A & Associates Inc.’s holdings in Iron Mountain were worth $253,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in IRM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Iron Mountain by 597.9% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,161,589 shares of the financial services provider’s stock worth $322,292,000 after purchasing an additional 2,708,560 shares during the period. Invesco Ltd. lifted its position in shares of Iron Mountain by 18.1% in the 3rd quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock worth $516,481,000 after purchasing an additional 776,933 shares during the period. Centersquare Investment Management LLC lifted its position in shares of Iron Mountain by 23.8% in the 3rd quarter. Centersquare Investment Management LLC now owns 2,514,464 shares of the financial services provider’s stock worth $256,324,000 after purchasing an additional 483,548 shares during the period. AQR Capital Management LLC lifted its position in shares of Iron Mountain by 331.5% in the 3rd quarter. AQR Capital Management LLC now owns 457,472 shares of the financial services provider’s stock worth $46,356,000 after purchasing an additional 351,463 shares during the period. Finally, Bamco Inc. NY lifted its position in shares of Iron Mountain by 306.3% in the 3rd quarter. Bamco Inc. NY now owns 436,831 shares of the financial services provider’s stock worth $44,531,000 after purchasing an additional 329,307 shares during the period. Institutional investors own 80.13% of the company’s stock.

Insider Activity

In other Iron Mountain news, EVP Mithu Bhargava sold 59,725 shares of Iron Mountain stock in a transaction dated Thursday, March 19th. The shares were 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $102.71, for a total transaction of $616,260.00. Following the completion of the transaction, the executive vice president directly owned 125,507 shares of the company’s stock, valued at $12,890,823.97. This trade represents a 4.56% 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 451,648 shares of company stock valued at $48,297,449 over the last ninety days. 1.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on IRM shares. Wells Fargo & Company raised their target price on shares of Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Zacks Research cut shares of Iron Mountain from a “hold” rating to a “strong sell” rating in a research report on Monday, April 13th. Loop Capital set a $130.00 price target on shares of Iron Mountain in a research report on Wednesday, March 4th. JPMorgan Chase & Co. lifted their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Truist Financial set a $140.00 price target on shares of Iron Mountain in a research report on Friday. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Iron Mountain has an average rating of “Moderate Buy” and a consensus price target of $131.67.

Iron Mountain Price Performance

Shares of NYSE IRM opened at $128.03 on Tuesday. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $128.25. The stock has a market cap of $38.09 billion, a P/E ratio of 140.69 and a beta of 1.20. The firm has a 50-day moving average of $108.73 and a 200 day moving average of $98.19.

Iron Mountain (NYSE:IRM) last issued its earnings results on Thursday, April 30th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.93. 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 business’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the previous year, the company 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. Research analysts expect that Iron Mountain Incorporated will post 5.26 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

The company 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 $0.864 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.46 annualized dividend and a yield of 2.7%. Iron Mountain’s payout ratio is 380.22%.

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.