Iron Mountain (NYSE:IRM) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen cut shares of Iron Mountain (NYSE:IRM) from a buy rating to a hold rating in a report released on Saturday.

A number of other equities analysts have also weighed in on IRM. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research 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. Barclays lifted their price target on shares of Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. JPMorgan Chase & Co. boosted their price objective on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Weiss Ratings downgraded shares of Iron Mountain from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.33.

Iron Mountain Trading Up 3.0%

Shares of IRM opened at $128.33 on Friday. The company has a market cap of $38.18 billion, a price-to-earnings ratio of 141.03 and a beta of 1.19. The business’s fifty day simple moving average is $125.31 and its two-hundred day simple moving average is $112.45. Iron Mountain has a 12 month low of $77.77 and a 12 month high of $134.68.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings results 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 firm had revenue of $1.94 billion during 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 company’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. As a group, research analysts forecast that Iron Mountain will post 5.4 EPS for the current year.

Iron Mountain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were given a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Monday, June 15th. Iron Mountain’s dividend payout ratio is 380.22%.

Insider Buying and Selling

In other Iron Mountain news, Director Pamela M. Arway sold 1,892 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $128.97, for a total value of $244,011.24. Following the transaction, the director directly owned 40,196 shares of the company’s stock, valued at approximately $5,184,078.12. This trade represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $122.83, for a total value of $4,725,761.42. Following the sale, the chief executive officer owned 38,474 shares of the company’s stock, valued at approximately $4,725,761.42. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 137,260 shares of company stock valued at $17,361,672 in the last 90 days. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Iron Mountain

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cohen & Steers Inc. raised its position in Iron Mountain by 20.0% in the fourth quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock worth $1,568,110,000 after acquiring an additional 3,155,034 shares during the period. State Street Corp grew its position in shares of Iron Mountain by 1.9% during the 3rd quarter. State Street Corp now owns 17,131,787 shares of the financial services provider’s stock valued at $1,759,494,000 after acquiring an additional 322,144 shares during the period. Geode Capital Management LLC increased its stake in shares of Iron Mountain by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 8,292,653 shares of the financial services provider’s stock worth $685,374,000 after purchasing an additional 102,073 shares in the last quarter. Invesco Ltd. increased its stake in shares of Iron Mountain by 18.1% in the 3rd quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock worth $516,481,000 after purchasing an additional 776,933 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Iron Mountain by 8.5% in the 1st quarter. Principal Financial Group Inc. now owns 4,566,093 shares of the financial services provider’s stock worth $466,382,000 after purchasing an additional 358,497 shares during the period. Hedge funds and other institutional investors own 80.13% of the company’s stock.

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.