Iron Mountain (NYSE:IRM) CAO Sells $902,219.50 in Stock

Iron Mountain Incorporated (NYSE:IRM) CAO Daniel Borges sold 7,189 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $125.50, for a total value of $902,219.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Iron Mountain Trading Up 1.8%

IRM traded up $2.26 during midday trading on Tuesday, reaching $128.72. The company’s stock had a trading volume of 1,003,733 shares, compared to its average volume of 1,758,061. The stock has a market cap of $38.30 billion, a P/E ratio of 141.45 and a beta of 1.20. The company has a fifty day simple moving average of $114.25 and a 200 day simple moving average of $100.62. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.09.

Iron Mountain (NYSE:IRM) last released its earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.10. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm posted $1.17 EPS. The company’s revenue 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. Sell-side analysts expect that Iron Mountain Incorporated will post 5.4 earnings per share for the current year.

Iron Mountain Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, June 15th. This represents a $3.46 annualized dividend and a dividend yield of 2.7%. Iron Mountain’s payout ratio is presently 380.22%.

Analysts Set New Price Targets

Several research firms have recently issued reports on IRM. Loop Capital set a $130.00 price objective on shares of Iron Mountain in a report on Wednesday, March 4th. Wells Fargo & Company boosted 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. Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a research note on Tuesday, April 21st. Barclays upped their target price on Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Finally, Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Iron Mountain currently has an average rating of “Moderate Buy” and an average target price of $131.67.

Institutional Investors Weigh In On Iron Mountain

A number of large investors have recently bought and sold shares of IRM. Intact Investment Management Inc. acquired a new stake in Iron Mountain in the 3rd quarter valued at about $3,588,000. NewSquare Capital LLC increased its position in Iron Mountain by 4,867.6% in the 3rd quarter. NewSquare Capital LLC now owns 11,823 shares of the financial services provider’s stock valued at $1,205,000 after acquiring an additional 11,585 shares in the last quarter. Fieldview Capital Management LLC acquired a new stake in Iron Mountain in the 3rd quarter valued at about $3,092,000. J.W. Cole Advisors Inc. increased its position in Iron Mountain by 54.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 33,596 shares of the financial services provider’s stock valued at $3,425,000 after acquiring an additional 11,893 shares in the last quarter. Finally, AGF Management Ltd. increased its position in Iron Mountain by 178.0% in the 3rd quarter. AGF Management Ltd. now owns 22,185 shares of the financial services provider’s stock valued at $2,262,000 after acquiring an additional 14,205 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors.

Iron Mountain Company 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.