Allworth Financial LP Trims Stock Position in Iron Mountain Incorporated $IRM

Allworth Financial LP lessened its stake in Iron Mountain Incorporated (NYSE:IRM) by 55.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,827 shares of the financial services provider’s stock after selling 95,341 shares during the period. Allworth Financial LP’s holdings in Iron Mountain were worth $6,456,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Quent Capital LLC bought a new stake in Iron Mountain during the 3rd quarter valued at $27,000. Johnson Financial Group Inc. bought a new position in Iron Mountain in the 3rd quarter worth $32,000. Franchise GP Ltd bought a new position in Iron Mountain in the 4th quarter worth $38,000. Wealth Watch Advisors INC bought a new position in Iron Mountain in the 3rd quarter worth $44,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Iron Mountain in the 4th quarter worth $45,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Insider Activity

In other news, Director Jennifer Allerton sold 7,000 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $108.88, for a total transaction of $762,160.00. Following the sale, the director owned 11,541 shares of the company’s stock, valued at $1,256,584.08. This trade represents a 37.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mithu Bhargava sold 59,725 shares of the firm’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $104.62, for a total transaction of $6,248,429.50. Following the sale, the executive vice president directly owned 16,054 shares in the company, valued at approximately $1,679,569.48. The trade was a 78.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 498,014 shares of company stock worth $54,269,373. 1.70% of the stock is owned by corporate insiders.

Iron Mountain Stock Performance

Shares of IRM stock opened at $125.07 on Friday. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.09. The company’s 50-day moving average is $112.02 and its 200 day moving average is $99.70. The company has a market capitalization of $37.21 billion, a price-to-earnings ratio of 137.44 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.50 by $0.10. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the firm posted $1.17 EPS. Iron Mountain’s revenue for the quarter was up 21.5% on a year-over-year basis. Iron Mountain has set its Q2 2026 guidance at 1.400-1.400 EPS and its FY 2026 guidance at 5.790-5.860 EPS. As a group, research analysts predict that Iron Mountain Incorporated will post 5.4 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Monday, June 15th will be issued a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, June 15th. Iron Mountain’s dividend payout ratio (DPR) is presently 380.22%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a report on Tuesday, April 21st. Wells Fargo & Company upped their price objective on shares of Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Barclays upped their price objective on shares of Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Truist Financial set a $140.00 price objective on shares of Iron Mountain in a report on Friday, May 1st. Finally, Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Iron Mountain has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.

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.