Iron Mountain Incorporated (NYSE:IRM) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Iron Mountain Incorporated (NYSE:IRM) have been given an average recommendation of “Moderate Buy” by the seven analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $137.6667.

Several brokerages recently weighed in on IRM. Truist Financial raised their price target on shares of Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Wells Fargo & Company upped their price target on Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Barclays increased their price target on Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Weiss Ratings cut shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Finally, Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th.

Iron Mountain Stock Up 1.6%

Shares of NYSE:IRM opened at $116.81 on Friday. Iron Mountain has a twelve month low of $77.77 and a twelve month high of $134.68. The stock’s 50 day moving average is $122.18 and its 200-day moving average is $118.56. The firm has a market capitalization of $34.77 billion, a price-to-earnings ratio of 83.44 and a beta of 1.18.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS 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%. Iron Mountain’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $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. Equities research analysts anticipate that Iron Mountain will post 5.42 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders 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 3.0%. The ex-dividend date is Tuesday, September 15th. Iron Mountain’s dividend payout ratio (DPR) is currently 247.14%.

Insider Activity at Iron Mountain

In other news, CEO William L. Meaney sold 38,474 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $114.08, for a total value of $4,389,113.92. Following the completion of the transaction, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at $4,389,113.92. 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 available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Greg W. Mcintosh sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $115.60, for a total value of $578,000.00. Following the sale, the executive vice president owned 75,634 shares in the company, valued at approximately $8,743,290.40. This represents a 6.20% 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. In the last ninety days, insiders have sold 132,422 shares of company stock worth $15,803,807. 1.70% of the stock is owned by corporate insiders.

Institutional Trading of Iron Mountain

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System boosted its holdings in Iron Mountain by 12,879.2% in the 2nd quarter. California State Teachers Retirement System now owns 54,885,358 shares of the financial services provider’s stock valued at $6,932,570,000 after purchasing an additional 54,462,487 shares during the period. BlackRock Inc. purchased a new stake in shares of Iron Mountain in the second quarter worth $4,240,342,000. Norges Bank bought a new stake in Iron Mountain during the fourth quarter valued at $368,890,000. Legal & General Group Plc purchased a new position in Iron Mountain during the second quarter worth about $409,843,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Iron Mountain by 29,674.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,193,560 shares of the financial services provider’s stock worth $403,379,000 after buying an additional 3,182,834 shares in the last quarter. Institutional investors own 80.13% of the company’s stock.

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.