Daiichi Life Insurance Co. Ltd. Takes Position in Iron Mountain Incorporated $IRM

Daiichi Life Insurance Co. Ltd. bought a new position in shares of Iron Mountain Incorporated (NYSE:IRM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,754 shares of the financial services provider’s stock, valued at approximately $1,611,000.

A number of other institutional investors and hedge funds have also bought and sold shares of IRM. BlackRock Inc. bought a new stake in shares of Iron Mountain in the 2nd quarter valued at about $4,240,342,000. Cohen & Steers Inc. increased its stake in Iron Mountain by 20.0% during the 4th quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock valued at $1,568,110,000 after purchasing an additional 3,155,034 shares in the last quarter. State Street Corp increased its position in shares of Iron Mountain by 1.9% during the third quarter. State Street Corp now owns 17,131,787 shares of the financial services provider’s stock worth $1,759,494,000 after acquiring an additional 322,144 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Iron Mountain by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 8,292,653 shares of the financial services provider’s stock valued at $685,374,000 after purchasing an additional 102,073 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Iron Mountain by 18.1% during the 3rd quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock worth $516,481,000 after acquiring an additional 776,933 shares during the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Stock Up 0.1%

Shares of IRM opened at $122.19 on Monday. The stock has a market cap of $36.38 billion, a P/E ratio of 87.28 and a beta of 1.20. The business’s 50 day moving average price is $124.52 and its 200-day moving average price is $117.27. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week high of $134.68.

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, topping analysts’ consensus estimates of $0.54 by $0.06. The company 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 firm’s revenue for the quarter was up 18.5% on a year-over-year basis. 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. On average, equities analysts anticipate that Iron Mountain Incorporated will post 5.42 EPS for the current year.

Iron Mountain Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors 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 yield of 2.8%. The ex-dividend date is Tuesday, September 15th. Iron Mountain’s dividend payout ratio is 247.14%.

Analysts Set New Price Targets

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

Insider Transactions at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 38,474 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $121.67, for a total value of $4,681,131.58. Following the transaction, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $4,681,131.58. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 on Friday, August 7th. The shares were sold at an average price of $122.70, for a total value of $736,200.00. Following the transaction, the executive vice president owned 101,507 shares in the company, valued at $12,454,908.90. This trade represents a 5.58% 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. In the last three months, insiders sold 127,422 shares of company stock worth $15,810,652. 1.70% of the stock is owned by corporate insiders.

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.