Iron Mountain Incorporated $IRM Stock Position Decreased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. lessened its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 4.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 171,182 shares of the financial services provider’s stock after selling 8,170 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Iron Mountain were worth $14,158,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Iron Mountain by 0.4% during the third quarter. Vanguard Group Inc. now owns 47,253,100 shares of the financial services provider’s stock worth $4,816,981,000 after acquiring an additional 188,213 shares during the last quarter. State Street Corp grew its position in shares of Iron Mountain by 1.9% during the third quarter. State Street Corp now owns 17,131,787 shares of the financial services provider’s stock worth $1,759,494,000 after acquiring an additional 322,144 shares during the last quarter. Invesco Ltd. grew its position in shares of Iron Mountain by 18.1% during the third quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock worth $516,481,000 after acquiring an additional 776,933 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Iron Mountain by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 4,348,039 shares of the financial services provider’s stock worth $443,222,000 after acquiring an additional 55,273 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Iron Mountain by 66.5% during the fourth quarter. Principal Financial Group Inc. now owns 4,207,596 shares of the financial services provider’s stock worth $349,021,000 after acquiring an additional 1,680,438 shares during the last quarter. Institutional investors own 80.13% of the company’s stock.

Insider Buying and Selling

In other Iron Mountain news, Director Pamela M. Arway sold 1,892 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $128.97, for a total value of $244,011.24. Following the completion of the sale, the director directly owned 40,196 shares of the company’s stock, valued at approximately $5,184,078.12. This represents a 4.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $128.93, for a total transaction of $4,960,452.82. Following the completion of the sale, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at $4,960,452.82. The trade was a 50.00% 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 sold 498,014 shares of company stock worth $54,269,373 in the last ninety days. Insiders own 1.70% of the company’s stock.

Iron Mountain Stock Up 1.7%

IRM stock opened at $125.61 on Thursday. The company has a market capitalization of $37.37 billion, a P/E ratio of 138.04 and a beta of 1.20. The company has a 50-day simple moving average of $113.09 and a 200 day simple moving average of $100.12. Iron Mountain Incorporated has a fifty-two week low of $77.77 and a fifty-two week high of $134.09.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.10. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.86 billion. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.17 earnings per share. 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. Equities analysts anticipate that Iron Mountain Incorporated will post 5.4 EPS for the current year.

Iron Mountain Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on IRM. Barclays upped their price target on shares of Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Loop Capital set a $130.00 price target on shares of Iron Mountain in a research report on Wednesday, March 4th. JPMorgan Chase & Co. upped their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Truist Financial set a $140.00 price target on shares of Iron Mountain in a research report on Friday, May 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Four 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.com, the company has an average rating of “Moderate Buy” and an average 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.