Legal & General Group Plc Buys 140,965 Shares of Iron Mountain Incorporated $IRM

Legal & General Group Plc grew its stake in Iron Mountain Incorporated (NYSE:IRM) by 4.4% in the 4th quarter, Holdings Channel reports. The firm owned 3,356,420 shares of the financial services provider’s stock after purchasing an additional 140,965 shares during the period. Legal & General Group Plc’s holdings in Iron Mountain were worth $278,415,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Johnson Financial Group Inc. purchased a new stake in shares of Iron Mountain in the 3rd quarter worth about $32,000. Franchise GP Ltd purchased a new stake in shares of Iron Mountain in the 4th quarter worth about $38,000. Wealth Watch Advisors INC purchased a new stake in shares of Iron Mountain in the 3rd quarter worth about $44,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Iron Mountain in the 4th quarter worth about $45,000. Finally, Global Wealth Strategies & Associates purchased a new stake in shares of Iron Mountain in the 4th quarter worth about $50,000. 80.13% of the stock is currently owned by institutional investors.

Iron Mountain Stock Performance

Shares of IRM stock opened at $128.72 on Wednesday. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.09. The company’s 50-day moving average is $114.69 and its 200 day moving average is $100.82. The company has a market capitalization of $38.30 billion, a price-to-earnings ratio of 141.45 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.50 by $0.10. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the firm posted $1.17 EPS. Iron Mountain’s revenue for the quarter was up 21.5% on a year-over-year basis. 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, research analysts predict that Iron Mountain Incorporated will post 5.4 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Investors 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 dividend payout ratio is 379.12%.

Analyst Ratings Changes

A number of research firms have recently weighed in on IRM. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Wells Fargo & Company upped 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. Truist Financial set a $140.00 target price on shares of Iron Mountain in a research report on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Finally, Barclays upped their target price 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 and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.67.

Insider Activity at Iron Mountain

In related news, CAO Daniel Borges sold 7,189 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $125.50, for a total transaction of $902,219.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Pamela M. Arway sold 1,892 shares of the stock in a transaction dated Tuesday, May 12th. The shares were 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 $5,184,078.12. This trade represents a 4.50% 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 505,960 shares of company stock worth $55,265,802 in the last ninety days. 1.70% of the stock is currently owned by company insiders.

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.