Gables Capital Management Inc. Acquires Shares of 19,192 Iron Mountain Incorporated $IRM

Gables Capital Management Inc. acquired a new stake in shares of Iron Mountain Incorporated (NYSE:IRM) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 19,192 shares of the financial services provider’s stock, valued at approximately $2,424,000. Iron Mountain accounts for about 0.9% of Gables Capital Management Inc.’s investment portfolio, making the stock its 29th largest position.

Other institutional investors have also made changes to their positions in the company. Garton & Associates Financial Advisors LLC purchased a new stake in Iron Mountain during the 4th quarter worth $25,000. Bell Investment Advisors Inc purchased a new position in Iron Mountain in the 2nd quarter valued at about $26,000. Meeder Asset Management Inc. acquired a new stake in shares of Iron Mountain during the second quarter valued at about $27,000. Beaird Harris Wealth Management LLC increased its position 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 worth $29,000 after acquiring an additional 350 shares during the last quarter. Finally, Dynamic Wealth Strategies LLC purchased a new stake in shares of Iron Mountain during the first quarter worth about $31,000. 80.13% of the stock is owned by institutional investors and hedge funds.

Iron Mountain Stock Performance

Shares of NYSE:IRM opened at $126.94 on Wednesday. The company’s fifty day moving average is $124.70 and its two-hundred day moving average is $116.62. Iron Mountain Incorporated has a 1-year low of $77.77 and a 1-year high of $134.68. The stock has a market capitalization of $37.79 billion, a price-to-earnings ratio of 90.68 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data 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 the consensus estimate 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 revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Sell-side analysts expect that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 15th. Iron Mountain’s dividend payout ratio is presently 247.14%.

Insider Transactions at Iron Mountain

In related news, CEO William L. Meaney sold 38,474 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $121.67, for a total value of $4,681,131.58. Following the sale, the chief executive officer owned 38,474 shares of the company’s stock, valued at approximately $4,681,131.58. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 that occurred on Thursday, May 21st. The shares were 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. In the last ninety days, insiders have sold 134,611 shares of company stock worth $16,712,871. 1.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on IRM shares. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Weiss Ratings upgraded Iron Mountain from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Barclays upped their target price on Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Wall Street Zen cut Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, JPMorgan Chase & Co. raised their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $135.17.

Iron Mountain 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.