Iron Mountain (NYSE:IRM) EVP Sells $760,200.00 in Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Mark Kidd sold 6,000 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $126.70, for a total transaction of $760,200.00. Following the sale, the executive vice president directly owned 113,507 shares of the company’s stock, valued at approximately $14,381,336.90. The trade was a 5.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Kidd also recently made the following trade(s):

• On Friday, May 8th, Mark Kidd sold 6,000 shares of Iron Mountain stock. The stock was sold at an average price of $127.91, for a total transaction of $767,460.00.
• On Wednesday, April 1st, Mark Kidd sold 6,000 shares of Iron Mountain stock. The shares were sold at an average price of $102.71, for a total transaction of $616,260.00.

Iron Mountain Stock Up 1.7%

Shares of IRM opened at $130.08 on Friday. The company has a 50 day moving average of $118.01 and a two-hundred day moving average of $102.26. The company has a market cap of $38.70 billion, a price-to-earnings ratio of 142.94 and a beta of 1.19. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.09.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.50 by $0.10. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the business 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. On average, sell-side analysts expect that Iron Mountain Incorporated will post 5.4 EPS for the current year.

Iron Mountain Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on IRM shares. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Wells Fargo & Company raised their target price on Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Barclays increased their price objective on Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Finally, Truist Financial set a $140.00 price objective on Iron Mountain in a research note on Friday, May 1st. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Garton & Associates Financial Advisors LLC acquired a new position in Iron Mountain in the fourth quarter valued at approximately $25,000. Beaird Harris Wealth Management LLC increased its holdings in shares of 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 purchasing an additional 350 shares in the last quarter. Dynamic Wealth Strategies LLC purchased a new position in shares of Iron Mountain during the 1st quarter valued at approximately $31,000. Johnson Financial Group Inc. acquired a new position in shares of Iron Mountain in the 3rd quarter valued at $32,000. Finally, Bayban purchased a new stake in Iron Mountain during the fourth quarter worth $33,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

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.