Cibc World Market Inc. Raises Position in Iron Mountain Incorporated $IRM

Cibc World Market Inc. grew its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 20.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 208,036 shares of the financial services provider’s stock after purchasing an additional 35,586 shares during the quarter. Cibc World Market Inc.’s holdings in Iron Mountain were worth $17,257,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Johnson Financial Group Inc. purchased a new stake in shares of Iron Mountain during the 3rd quarter valued at $32,000. Wealth Watch Advisors INC acquired a new position in shares of Iron Mountain in the 3rd quarter valued at $44,000. Franchise GP Ltd acquired a new position in shares of Iron Mountain in the 4th quarter valued at $38,000. Washington Trust Advisors Inc. acquired a new position in shares of Iron Mountain in the 3rd quarter valued at $54,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Iron Mountain in the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on IRM. Truist Financial set a $140.00 target price on Iron Mountain in a research report on Friday, May 1st. JPMorgan Chase & Co. upped their target price on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Wall Street Zen raised Iron Mountain from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.67.

Iron Mountain Stock Performance

Shares of IRM opened at $124.82 on Friday. The business’s 50-day moving average is $118.50 and its two-hundred day moving average is $102.42. The company has a market capitalization of $37.14 billion, a P/E ratio of 137.16 and a beta of 1.19. Iron Mountain Incorporated has a fifty-two week low of $77.77 and a fifty-two week high of $134.09.

Iron Mountain (NYSE:IRM) last announced its quarterly 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 negative return on equity of 91.56% and a net margin of 3.76%.The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period last 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. Analysts forecast that Iron Mountain Incorporated will post 5.4 EPS for the current year.

Iron Mountain Announces Dividend

The business also recently declared 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 2.8%. 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, CEO William L. Meaney sold 38,474 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $127.55, for a total transaction of $4,907,358.70. Following the sale, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at approximately $4,907,358.70. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Daniel Borges sold 7,189 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $125.50, for a total value of $902,219.50. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 202,985 shares of company stock worth $23,452,265 in the last three months. Company insiders own 1.70% of the company’s stock.

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.