Iron Mountain Incorporated $IRM Stock Sold by Foresight Capital Management Advisors Inc.

Foresight Capital Management Advisors Inc. decreased its position in Iron Mountain Incorporated (NYSE:IRM) by 7.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,241 shares of the financial services provider’s stock after selling 4,403 shares during the quarter. Iron Mountain accounts for 3.0% of Foresight Capital Management Advisors Inc.’s portfolio, making the stock its 4th largest position. Foresight Capital Management Advisors Inc.’s holdings in Iron Mountain were worth $6,129,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bell Investment Advisors Inc bought a new position in Iron Mountain during the second quarter valued at approximately $26,000. Meeder Asset Management Inc. purchased a new position in shares of Iron Mountain during the second quarter worth approximately $27,000. Wellington Altus USA Inc. purchased a new position in shares of Iron Mountain during the second quarter worth approximately $27,000. Sawyer & Company Inc bought a new stake in shares of Iron Mountain in the 3rd quarter worth approximately $27,000. Finally, Markowski Investments bought a new stake in shares of Iron Mountain in the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Insider Activity at Iron Mountain

In related news, CEO William Meaney sold 38,474 shares of the 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 transaction, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at $4,681,131.58. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $122.70, for a total transaction of $736,200.00. Following the completion of the transaction, the executive vice president directly owned 101,507 shares of the company’s stock, valued at approximately $12,454,908.90. The trade was 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. Insiders have sold 137,422 shares of company stock worth $15,881,099 over the last 90 days. 1.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on IRM shares. Rothschild & Co Redburn assumed coverage on shares of Iron Mountain in a research note on Monday, September 21st. They issued a “buy” rating and a $132.00 price objective for the company. 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 report on Thursday, August 27th. Wall Street Zen downgraded shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings downgraded shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Finally, Wells Fargo & Company upped their price target on shares of Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Iron Mountain currently has a consensus rating of “Moderate Buy” and an average price target of $139.83.

Iron Mountain Trading Up 1.9%

Shares of IRM stock opened at $115.25 on Wednesday. The business’s 50 day moving average price is $115.10 and its 200-day moving average price is $114.47. Iron Mountain Incorporated has a fifty-two week low of $77.77 and a fifty-two week high of $134.68.

Iron Mountain (NYSE:IRM) last issued 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. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the previous year, the firm posted $1.24 earnings per share. The firm’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. On average, equities research analysts expect that Iron Mountain Incorporated 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 was paid on Friday, October 2nd. Investors of record on Tuesday, September 15th were given a dividend of $0.8640 per share. The ex-dividend date was Tuesday, September 15th. This represents a $3.46 annualized dividend and a dividend yield of 3.0%.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global information management and storage company that helps organizations protect, manage and optimize their physical and digital assets. Founded in 1951, the company began as a records storage provider and has expanded into a broader information lifecycle management business.

Its services include records storage and retrieval, information governance, secure shredding and destruction, document scanning, digital transformation, backup and recovery, and data center services.