Performance Wealth Partners LLC Acquires Shares of 4,953 Iron Mountain Incorporated $IRM

Performance Wealth Partners LLC bought a new position in Iron Mountain Incorporated (NYSE:IRM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,953 shares of the financial services provider’s stock, valued at approximately $626,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Garton & Associates Financial Advisors LLC bought a new stake in Iron Mountain during the 4th quarter valued at about $25,000. Bell Investment Advisors Inc bought a new position in shares of Iron Mountain in the second quarter worth approximately $26,000. Beaird Harris Wealth Management LLC grew its holdings in shares of Iron Mountain by 17,500.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock valued at $29,000 after buying an additional 350 shares during the last quarter. Dynamic Wealth Strategies LLC purchased a new stake in shares of Iron Mountain during the first quarter valued at approximately $31,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of Iron Mountain during the third quarter valued at approximately $32,000. 80.13% of the stock is currently owned by institutional investors.

Iron Mountain Trading Up 0.3%

Shares of IRM stock opened at $129.80 on Tuesday. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.68. The stock has a market capitalization of $38.64 billion, a P/E ratio of 92.71 and a beta of 1.20. The firm’s 50 day moving average is $124.68 and its 200 day moving average is $116.38.

Iron Mountain (NYSE:IRM) last announced its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.97 billion. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 EPS. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. As a group, equities analysts predict that Iron Mountain Incorporated will post 5.42 earnings per share for the current year.

Iron Mountain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 15th will be issued a $0.864 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.7%. Iron Mountain’s dividend payout ratio (DPR) is presently 247.14%.

Insider Buying and Selling at Iron Mountain

In other news, Director Walter C. Rakowich sold 757 shares of Iron Mountain stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total transaction of $94,208.65. Following the transaction, the director owned 1,135 shares in the company, valued at $141,250.75. This trade represents a 40.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Daniel Borges sold 7,189 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $125.50, for a total transaction of $902,219.50. 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. Over the last three months, insiders have sold 135,368 shares of company stock valued at $16,807,080. 1.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

IRM has been the topic of several analyst reports. Weiss Ratings raised Iron Mountain from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. boosted their price target on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Barclays lifted their price objective on Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. Finally, Wells Fargo & Company boosted their target price on Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Iron Mountain has an average rating of “Moderate Buy” and an average target price of $135.17.

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.