Walleye Capital LLC Makes New $12.24 Million Investment in Iron Mountain Incorporated $IRM

Walleye Capital LLC acquired a new position in Iron Mountain Incorporated (NYSE:IRM) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 119,864 shares of the financial services provider’s stock, valued at approximately $12,243,000.

Several other hedge funds also recently modified their holdings of IRM. Garton & Associates Financial Advisors LLC bought a new stake in Iron Mountain during the fourth quarter worth $25,000. Beaird Harris Wealth Management LLC lifted its stake in Iron Mountain by 17,500.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 350 shares in the last quarter. Dynamic Wealth Strategies LLC bought a new position in Iron Mountain during the 1st quarter valued at $31,000. Johnson Financial Group Inc. purchased a new position in Iron Mountain during the 3rd quarter worth $32,000. Finally, Bayban purchased a new position in Iron Mountain during the 4th quarter worth $33,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on IRM. Wall Street Zen upgraded shares of Iron Mountain from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Wells Fargo & Company boosted 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 upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Barclays lifted their target price on shares of Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Finally, Truist Financial set a $140.00 target price on Iron Mountain in a research note on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.33.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, Director Walter C. Rakowich sold 757 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total transaction of $94,208.65. Following the completion of the transaction, the director owned 1,135 shares in the company, valued at $141,250.75. This trade represents a 40.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of Iron Mountain stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $122.83, for a total transaction of $4,725,761.42. Following the completion of the transaction, the chief executive officer owned 38,474 shares of the company’s stock, valued at $4,725,761.42. The trade was a 50.00% decrease in their position. 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. Over the last 90 days, insiders sold 137,260 shares of company stock valued at $17,361,672. Insiders own 1.70% of the company’s stock.

Iron Mountain Price Performance

NYSE:IRM opened at $124.61 on Thursday. The business has a fifty day simple moving average of $125.30 and a two-hundred day simple moving average of $112.04. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.68. The company has a market capitalization of $37.07 billion, a P/E ratio of 136.93 and a beta of 1.19.

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

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were paid a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, June 15th. Iron Mountain’s payout ratio is currently 380.22%.

About Iron Mountain

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.