Iron Mountain Incorporated $IRM Position Boosted by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. lifted its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 9.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 53,423 shares of the financial services provider’s stock after buying an additional 4,762 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Iron Mountain were worth $5,957,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of IRM. Brown Financial Advisors boosted its stake in Iron Mountain by 3.6% during the second quarter. Brown Financial Advisors now owns 2,580 shares of the financial services provider’s stock worth $326,000 after acquiring an additional 90 shares in the last quarter. Crown Wealth Group LLC grew its holdings in Iron Mountain by 3.0% in the third quarter. Crown Wealth Group LLC now owns 3,086 shares of the financial services provider’s stock worth $342,000 after purchasing an additional 91 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Iron Mountain by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 33,889 shares of the financial services provider’s stock worth $3,461,000 after purchasing an additional 100 shares during the period. Yousif Capital Management LLC increased its stake in Iron Mountain by 0.3% in the third quarter. Yousif Capital Management LLC now owns 38,379 shares of the financial services provider’s stock valued at $4,258,000 after purchasing an additional 102 shares in the last quarter. Finally, Eastern Bank increased its stake in Iron Mountain by 14.4% in the third quarter. Eastern Bank now owns 841 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 80.13% of the company’s stock.

Insider Transactions at Iron Mountain

In related news, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $115.60, for a total value of $693,600.00. Following the transaction, the executive vice president owned 95,507 shares of the company’s stock, valued at approximately $11,040,609.20. This trade represents a 5.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Thursday, October 1st. The shares were sold at an average price of $110.45, for a total value of $4,249,453.30. Following the transaction, the chief executive officer owned 38,474 shares of the company’s stock, valued at $4,249,453.30. This trade represents 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. Insiders sold a total of 97,948 shares of company stock valued at $11,048,567 over the last three months. Corporate insiders own 1.70% of the company’s stock.

Iron Mountain Stock Down 11.3%

Shares of IRM opened at $105.23 on Friday. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.68. The business’s fifty day moving average is $114.08 and its 200 day moving average is $115.31. The stock has a market cap of $31.33 billion, a P/E ratio of 75.16 and a beta of 1.18.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Thursday, November 5th. The financial services provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. Iron Mountain’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.32 EPS. On average, analysts expect that Iron Mountain Incorporated will post 5.42 EPS for the current year.

Iron Mountain Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 6th. Stockholders of record on Tuesday, December 15th will be issued a dividend of $0.9930 per share. This is an increase from Iron Mountain’s previous quarterly dividend of $0.8640. This represents a $3.97 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Tuesday, December 15th. Iron Mountain’s dividend payout ratio is 246.43%.

More Iron Mountain News

Here are the key news stories impacting Iron Mountain this week:

• Positive Sentiment: Third-quarter adjusted funds from operations (AFFO) beat estimates, supported by data-center leasing growth, asset lifecycle management and resilient storage operations. Revenue was about $1.99 billion, up 13.5% year over year, and the company raised its 2026 outlook. Article: IRM Q3 AFFO Beats Estimates on Data Center and ALM Growth
• Positive Sentiment: IRM increased its quarterly dividend 14.9% to $0.993 per share, equivalent to about $3.97 annually and a 3.8% yield. The higher payout may support investor appeal. Article: Iron Mountain Increases Quarterly Dividend per Share by 15%
• Negative Sentiment: The main pressure was softer-than-expected revenue guidance for the fourth quarter. Investors appeared to weigh that near-term outlook more heavily than the quarterly beat and raised full-year forecast. Article: Iron Mountain shares decline as revenue guidance falls below forecasts despite Q3 earnings beat

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on IRM shares. Jefferies Financial Group dropped their price objective on shares of Iron Mountain from $147.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Truist Financial increased their price objective on shares of Iron Mountain from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. The Goldman Sachs Group raised their target price on Iron Mountain from $153.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. Weiss Ratings lowered Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Finally, Rothschild & Co Redburn began coverage on Iron Mountain in a research note on Monday, September 21st. They set a “buy” rating and a $132.00 price target on the stock. Eight equities 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $143.89.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global information management and storage company that helps organizations protect, manage and optimize their physical and digital assets. Founded in 1951, the company began as a records storage provider and has expanded into a broader information lifecycle management business.

Its services include records storage and retrieval, information governance, secure shredding and destruction, document scanning, digital transformation, backup and recovery, and data center services.