Iron Mountain (NYSE:IRM) Rating Increased to Strong-Buy at Rothschild & Co Redburn

Rothschild & Co Redburn upgraded shares of Iron Mountain (NYSE:IRM) to a strong-buy rating in a research report sent to investors on Monday morning,Zacks reports.

Several other analysts have also recently commented on IRM. Wells Fargo & Company upped their target price on Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. 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. Truist Financial lifted their target price on shares of Iron Mountain from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Wall Street Zen cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Barclays increased their price target on Iron Mountain from $143.00 to $144.00 and gave the stock an “overweight” rating in a report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $139.83.

Iron Mountain Stock Performance

IRM stock opened at $116.74 on Monday. The company has a market capitalization of $34.75 billion, a P/E ratio of 83.39 and a beta of 1.18. The company has a fifty day moving average price of $120.85 and a 200-day moving average price of $119.00. Iron Mountain has a 52-week low of $77.77 and a 52-week high of $134.68.

Iron Mountain (NYSE:IRM) last announced its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.06. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the company earned $1.24 EPS. Iron Mountain’s revenue for the quarter was up 18.5% compared to the same quarter last year. 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, sell-side analysts forecast that Iron Mountain will post 5.42 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th will be paid a $0.864 dividend. This represents a $3.46 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Iron Mountain’s payout ratio is 247.14%.

Insider Activity

In other news, EVP Greg McIntosh sold 5,000 shares of the 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 transaction, the executive vice president owned 75,634 shares of the company’s stock, valued at $8,743,290.40. This represents a 6.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Meaney sold 38,474 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at $4,681,131.58. The trade was a 50.00% 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. Over the last 90 days, insiders have sold 132,422 shares of company stock worth $15,803,807. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Brown Financial Advisors grew its position in Iron Mountain by 3.6% in the 2nd quarter. Brown Financial Advisors now owns 2,580 shares of the financial services provider’s stock valued at $326,000 after buying an additional 90 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Iron Mountain by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 33,889 shares of the financial services provider’s stock valued at $3,461,000 after purchasing an additional 100 shares in the last quarter. Rothschild Investment LLC boosted its stake in shares of Iron Mountain by 15.4% during the 4th quarter. Rothschild Investment LLC now owns 780 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 104 shares in the last quarter. Meeder Advisory Services Inc. grew its holdings in Iron Mountain by 2.9% in the first quarter. Meeder Advisory Services Inc. now owns 3,741 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 107 shares during the last quarter. Finally, Corrado Advisors LLC increased its position in shares of Iron Mountain by 0.6% in the fourth quarter. Corrado Advisors LLC now owns 19,856 shares of the financial services provider’s stock valued at $1,647,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global information management and data storage company. Founded in 1951, the company helps organizations protect, manage and preserve physical and digital information throughout its lifecycle.

Its services include records storage, document management, secure shredding and destruction, information governance, data backup and recovery, and digital transformation. Iron Mountain also operates data centers that support colocation, cloud connectivity and other infrastructure needs for businesses and public-sector organizations.

The company serves customers across a range of industries, including financial services, healthcare, government, legal services and entertainment.