Iron Mountain Incorporated (NYSE:IRM) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Iron Mountain Incorporated (NYSE:IRM) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $131.6667.

IRM has been the subject of several analyst reports. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Barclays increased their price target on Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Truist Financial set a $140.00 price target on Iron Mountain in a report on Friday, May 1st. JPMorgan Chase & Co. increased their price target on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Wells Fargo & Company increased their price target on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st.

Iron Mountain Price Performance

Shares of NYSE IRM opened at $128.18 on Thursday. Iron Mountain has a 1-year low of $77.77 and a 1-year high of $134.09. The business has a 50-day moving average of $117.42 and a 200-day moving average of $101.99. The company has a market capitalization of $38.14 billion, a price-to-earnings ratio of 140.86 and a beta of 1.19.

Iron Mountain (NYSE:IRM) last issued 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. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the business earned $1.17 earnings per share. The company’s revenue was up 21.5% compared to the same quarter last year. 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 will post 5.4 EPS for the current fiscal year.

Iron Mountain Announces Dividend

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 dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. Iron Mountain’s dividend payout ratio (DPR) is currently 380.22%.

Insider Activity at Iron Mountain

In other Iron Mountain news, CAO Daniel Borges sold 7,189 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $125.50, for a total transaction of $902,219.50. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 that occurred on Wednesday, April 1st. The stock was sold at an average price of $102.71, for a total value of $3,951,664.54. Following the transaction, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $3,951,664.54. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 202,985 shares of company stock worth $23,452,265 over the last quarter. 1.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Iron Mountain by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 47,253,100 shares of the financial services provider’s stock worth $4,816,981,000 after buying an additional 188,213 shares during the last quarter. Cohen & Steers Inc. raised its position in shares of Iron Mountain by 20.0% during the 4th quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock worth $1,568,110,000 after purchasing an additional 3,155,034 shares during the period. State Street Corp raised its position in shares of Iron Mountain by 1.9% during the 3rd quarter. State Street Corp now owns 17,131,787 shares of the financial services provider’s stock worth $1,759,494,000 after purchasing an additional 322,144 shares during the period. Geode Capital Management LLC raised its position in shares of Iron Mountain by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 8,292,653 shares of the financial services provider’s stock worth $685,374,000 after purchasing an additional 102,073 shares during the period. Finally, Invesco Ltd. raised its position in shares of Iron Mountain by 18.1% during 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. Institutional investors own 80.13% of the company’s stock.

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.