Iron Mountain (NYSE:IRM) EVP Greg Mcintosh Sells 5,000 Shares of Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Greg Mcintosh sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $115.60, for a total transaction of $578,000.00. Following the completion of the transaction, the executive vice president directly owned 75,634 shares in the company, valued at $8,743,290.40. This trade represents a 6.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Iron Mountain Trading Down 2.0%

Shares of IRM traded down $2.26 on Wednesday, reaching $111.96. 2,651,386 shares of the company’s stock were exchanged, compared to its average volume of 1,763,109. The business has a 50 day moving average price of $123.17 and a two-hundred day moving average price of $118.49. 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 $33.33 billion, a P/E ratio of 79.97 and a beta of 1.18.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same period last year, the firm earned $1.24 earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. 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. Equities research analysts predict that Iron Mountain Incorporated will post 5.42 EPS for the current 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 $0.864 dividend. This represents a $3.46 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Tuesday, September 15th. Iron Mountain’s dividend payout ratio (DPR) is currently 246.43%.

Hedge Funds Weigh In On Iron Mountain

Institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System increased its stake in Iron Mountain by 12,879.2% during the 2nd quarter. California State Teachers Retirement System now owns 54,885,358 shares of the financial services provider’s stock worth $6,932,570,000 after purchasing an additional 54,462,487 shares in the last quarter. BlackRock Inc. bought a new position in Iron Mountain in the second quarter valued at approximately $4,240,342,000. Cohen & Steers Inc. lifted its stake in Iron Mountain by 20.0% in the fourth quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock valued at $1,568,110,000 after buying an additional 3,155,034 shares in the last quarter. State Street Corp boosted its holdings in shares of Iron Mountain by 1.9% in the third quarter. State Street Corp now owns 17,131,787 shares of the financial services provider’s stock valued at $1,759,494,000 after buying an additional 322,144 shares during the period. Finally, Geode Capital Management LLC boosted 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 buying an additional 102,073 shares during the period. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

IRM has been the subject of a number of recent analyst reports. Truist Financial upped their price objective on Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, August 27th. 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. Barclays upped their price target on Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Wall Street Zen downgraded shares of Iron Mountain from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $137.67.

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.