Swiss Life Asset Management Ltd Acquires 5,940 Shares of Iron Mountain Incorporated $IRM

Swiss Life Asset Management Ltd grew its holdings in Iron Mountain Incorporated (NYSE:IRM) by 10.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,348 shares of the financial services provider’s stock after purchasing an additional 5,940 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Iron Mountain were worth $5,089,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Intact Investment Management Inc. bought a new stake in shares of Iron Mountain in the 3rd quarter valued at about $3,588,000. NewSquare Capital LLC grew its position in shares of Iron Mountain by 4,867.6% in the 3rd quarter. NewSquare Capital LLC now owns 11,823 shares of the financial services provider’s stock worth $1,205,000 after buying an additional 11,585 shares during the last quarter. Fieldview Capital Management LLC purchased a new position in shares of Iron Mountain in the 3rd quarter worth approximately $3,092,000. J.W. Cole Advisors Inc. grew its position in shares of Iron Mountain by 54.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 33,596 shares of the financial services provider’s stock worth $3,425,000 after buying an additional 11,893 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Iron Mountain by 17.2% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 103,960 shares of the financial services provider’s stock worth $10,598,000 after buying an additional 15,225 shares during the last quarter. Institutional investors own 80.13% of the company’s stock.

Iron Mountain Trading Down 0.1%

NYSE:IRM opened at $126.09 on Thursday. The company has a market cap of $37.51 billion, a PE ratio of 138.56 and a beta of 1.20. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.09. The company’s 50 day moving average is $111.27 and its two-hundred day moving average is $99.37.

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, topping the consensus estimate of $0.50 by $0.10. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. Iron Mountain’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. As a group, analysts expect that Iron Mountain Incorporated will post 5.4 EPS 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 given a dividend of $0.864 per share. This represents a $3.46 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. Iron Mountain’s payout ratio is currently 380.22%.

Insider Activity at Iron Mountain

In other Iron Mountain news, EVP Mithu Bhargava sold 59,725 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $104.62, for a total transaction of $6,248,429.50. Following the sale, the executive vice president 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Pamela M. Arway sold 1,892 shares of the business’s 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 sale, the director directly owned 40,196 shares in the company, valued at approximately $5,184,078.12. This represents a 4.50% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 498,014 shares of company stock worth $54,269,373 in the last 90 days. 1.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IRM. Wells Fargo & Company lifted their price objective 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. Truist Financial set a $140.00 price objective on shares of Iron Mountain in a research report on Friday, May 1st. Zacks Research downgraded shares of Iron Mountain from a “hold” rating to a “strong sell” rating in a research report on Monday, April 13th. JPMorgan Chase & Co. lifted their price objective on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Barclays lifted their price objective on shares of Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.67.

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.