Iron Mountain Incorporated $IRM Shares Sold by Prudential PLC

Prudential PLC trimmed its position in Iron Mountain Incorporated (NYSE:IRM) by 93.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,066 shares of the financial services provider’s stock after selling 72,506 shares during the period. Prudential PLC’s holdings in Iron Mountain were worth $420,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Johnson Financial Group Inc. acquired a new position in Iron Mountain in the 3rd quarter valued at about $32,000. Franchise GP Ltd acquired a new position in Iron Mountain in the 4th quarter valued at about $38,000. Wealth Watch Advisors INC acquired a new position in Iron Mountain in the 3rd quarter valued at about $44,000. Kohmann Bosshard Financial Services LLC acquired a new position in Iron Mountain in the 4th quarter valued at about $45,000. Finally, Global Wealth Strategies & Associates acquired a new position in Iron Mountain in the 4th quarter valued at about $50,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Stock Performance

Shares of IRM stock opened at $124.24 on Tuesday. The firm’s 50 day moving average price is $118.98 and its 200-day moving average price is $102.76. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.09. The firm has a market cap of $36.96 billion, a P/E ratio of 136.53 and a beta of 1.19.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, topping 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 firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the business posted $1.17 EPS. The business’s revenue for the quarter 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. As a group, research analysts predict that Iron Mountain Incorporated will post 5.4 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The firm 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. The ex-dividend date is Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.8%. Iron Mountain’s dividend payout ratio is 380.22%.

Insider Activity at Iron Mountain

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $126.70, for a total transaction of $760,200.00. Following the sale, the executive vice president directly owned 113,507 shares in the company, valued at $14,381,336.90. This represents a 5.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Walter C. Rakowich sold 757 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $124.45, for a total transaction of $94,208.65. Following the sale, the director owned 1,135 shares in the company, valued at approximately $141,250.75. This trade represents a 40.01% 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 202,985 shares of company stock worth $23,452,265 over the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on IRM. JPMorgan Chase & Co. boosted their target price on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Truist Financial set a $140.00 target price on shares of Iron Mountain in a report on Friday, May 1st. Wells Fargo & Company upped their price objective on shares of Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a report on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of Iron Mountain from a “hold” rating to a “buy” rating in a report on Saturday. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.