Deutsche Bank AG Takes $385.13 Million Position in Iron Mountain Incorporated $IRM

Deutsche Bank AG purchased a new position in shares of Iron Mountain Incorporated (NYSE:IRM) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 3,049,079 shares of the financial services provider’s stock, valued at approximately $385,129,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Garton & Associates Financial Advisors LLC acquired a new position in Iron Mountain in the fourth quarter valued at $25,000. Bell Investment Advisors Inc acquired a new stake in shares of Iron Mountain during the second quarter worth about $26,000. Beaird Harris Wealth Management LLC lifted its holdings in shares of Iron Mountain by 17,500.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 350 shares during the last quarter. Dynamic Wealth Strategies LLC purchased a new position in Iron Mountain during the 1st quarter worth approximately $31,000. Finally, Johnson Financial Group Inc. purchased a new position in Iron Mountain during the 3rd quarter worth approximately $32,000. 80.13% of the stock is owned by hedge funds and other institutional investors.

Iron Mountain Trading Up 0.3%

NYSE:IRM opened at $129.80 on Tuesday. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.68. The stock’s 50 day simple moving average is $124.68 and its 200-day simple moving average is $116.38. The firm has a market cap of $38.64 billion, a P/E ratio of 92.71 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.06. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the company earned $1.24 earnings per share. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. Research analysts forecast that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be paid a $0.864 dividend. This represents a $3.46 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 15th. Iron Mountain’s dividend payout ratio (DPR) is 247.14%.

Insider Activity

In related news, EVP Mark Kidd sold 6,000 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $122.70, for a total transaction of $736,200.00. Following the completion of the transaction, the executive vice president directly owned 101,507 shares of the company’s stock, valued at $12,454,908.90. This represents a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Walter C. Rakowich sold 757 shares of the firm’s 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 sale, the director owned 1,135 shares of the company’s stock, valued at approximately $141,250.75. The trade was a 40.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 135,368 shares of company stock worth $16,807,080 over the last quarter. Insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen cut Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Wells Fargo & Company lifted their target price on shares of Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. upped their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Truist Financial set a $140.00 price target on shares of Iron Mountain in a research note on Friday, May 1st. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $135.17.

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.