Westpac Banking Corp Increases Position in Iron Mountain Incorporated $IRM

Westpac Banking Corp lifted its holdings in Iron Mountain Incorporated (NYSE:IRM) by 26.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,370 shares of the financial services provider’s stock after buying an additional 4,914 shares during the period. Westpac Banking Corp’s holdings in Iron Mountain were worth $1,939,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Heritage Trust Co raised its holdings in shares of Iron Mountain by 31.4% in the 4th quarter. Heritage Trust Co now owns 27,806 shares of the financial services provider’s stock worth $2,307,000 after purchasing an additional 6,652 shares during the period. Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Iron Mountain by 14.0% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,446,597 shares of the financial services provider’s stock worth $119,995,000 after purchasing an additional 177,130 shares during the period. New Mexico Educational Retirement Board raised its holdings in shares of Iron Mountain by 3.7% in the 4th quarter. New Mexico Educational Retirement Board now owns 13,840 shares of the financial services provider’s stock worth $1,148,000 after purchasing an additional 500 shares during the period. Easterly Investment Partners LLC bought a new stake in shares of Iron Mountain in the 4th quarter worth approximately $6,098,000. Finally, Reaves W H & Co. Inc. bought a new stake in shares of Iron Mountain in the 4th quarter worth approximately $4,471,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wells Fargo & Company lifted their price target 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. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Truist Financial set a $140.00 price target on shares of Iron Mountain in a report on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a report on Tuesday, April 21st. Finally, Loop Capital set a $130.00 price target on shares of Iron Mountain in a report on Wednesday, March 4th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

Insider Transactions at Iron Mountain

In other news, EVP Mithu Bhargava sold 59,725 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $104.62, for a total value of $6,248,429.50. Following the transaction, the executive vice president owned 16,054 shares of the company’s stock, valued at approximately $1,679,569.48. This represents a 78.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Pamela M. Arway sold 1,892 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $128.97, for a total transaction of $244,011.24. Following the completion of the transaction, the director directly owned 40,196 shares in the company, valued at approximately $5,184,078.12. The trade was a 4.50% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 202,985 shares of company stock valued at $23,452,265. Corporate insiders own 1.70% of the company’s stock.

Iron Mountain Price Performance

Shares of IRM stock opened at $128.18 on Thursday. The company’s fifty day simple moving average is $117.42 and its two-hundred day simple moving average is $101.99. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.09. The stock has a market capitalization of $38.14 billion, a price-to-earnings ratio of 140.86 and a beta of 1.19.

Iron Mountain (NYSE:IRM) last issued 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 net margin of 3.76% and a negative return on equity of 91.56%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the firm posted $1.17 EPS. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. 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 research analysts anticipate that Iron Mountain Incorporated will post 5.4 EPS for the current year.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Monday, June 15th will be issued a dividend of $0.864 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.7%. Iron Mountain’s payout ratio is presently 380.22%.

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.