Pictet Asset Management Holding SA Sells 1,431,228 Shares of Iron Mountain Incorporated $IRM

Pictet Asset Management Holding SA lowered its stake in Iron Mountain Incorporated (NYSE:IRM) by 62.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 864,737 shares of the financial services provider’s stock after selling 1,431,228 shares during the period. Pictet Asset Management Holding SA’s holdings in Iron Mountain were worth $88,248,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Rothschild Investment LLC boosted its stake in shares of Iron Mountain by 15.4% during the fourth quarter. Rothschild Investment LLC now owns 780 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 104 shares during the period. Corrado Advisors LLC increased its stake in shares of Iron Mountain by 0.6% in the fourth quarter. Corrado Advisors LLC now owns 19,856 shares of the financial services provider’s stock worth $1,647,000 after buying an additional 110 shares during the period. Bank of New Hampshire raised its holdings in Iron Mountain by 14.5% during the 4th quarter. Bank of New Hampshire now owns 910 shares of the financial services provider’s stock valued at $75,000 after buying an additional 115 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in Iron Mountain by 1.6% during the 3rd quarter. Coldstream Capital Management Inc. now owns 7,506 shares of the financial services provider’s stock valued at $765,000 after buying an additional 121 shares during the last quarter. Finally, Clearstead Advisors LLC boosted its position in Iron Mountain by 7.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,767 shares of the financial services provider’s stock valued at $147,000 after buying an additional 124 shares during the period. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, Director Pamela M. Arway sold 1,892 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $128.97, for a total value of $244,011.24. Following the sale, the director owned 40,196 shares in the company, valued at approximately $5,184,078.12. This represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of Iron Mountain 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 transaction, the executive vice president owned 113,507 shares of the company’s stock, valued at $14,381,336.90. The trade was a 5.02% decrease in their ownership of the stock. 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 143,260 shares of company stock valued at $17,203,835 over the last three months. 1.70% of the stock is currently owned by corporate insiders.

Iron Mountain Trading Down 1.9%

NYSE:IRM opened at $129.91 on Tuesday. The company has a 50-day moving average price of $125.57 and a 200-day moving average price of $107.37. Iron Mountain Incorporated has a 12 month low of $77.77 and a 12 month high of $134.68. The stock has a market cap of $38.65 billion, a price-to-earnings ratio of 142.75 and a beta of 1.19.

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

Iron Mountain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be paid a dividend of $0.864 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.46 annualized dividend and a yield of 2.7%. Iron Mountain’s payout ratio is presently 379.12%.

Analyst Upgrades and Downgrades

IRM has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Iron Mountain from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Weiss Ratings upgraded shares of Iron Mountain from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Loop Capital set a $130.00 target price on Iron Mountain in a research note on Wednesday, March 4th. Wells Fargo & Company boosted 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. Finally, JPMorgan Chase & Co. upped their price target on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Iron Mountain currently has an average rating of “Moderate Buy” and an average price target of $131.67.

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.