Carnegie Investment Counsel Has $1.51 Million Stock Holdings in Iron Mountain Incorporated $IRM

Carnegie Investment Counsel boosted its stake in Iron Mountain Incorporated (NYSE:IRM) by 210.3% in the first quarter, Holdings Channel reports. The institutional investor owned 14,755 shares of the financial services provider’s stock after acquiring an additional 10,000 shares during the quarter. Carnegie Investment Counsel’s holdings in Iron Mountain were worth $1,507,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Garton & Associates Financial Advisors LLC acquired a new position in shares of Iron Mountain in the fourth quarter worth $25,000. Beaird Harris Wealth Management LLC boosted its position in Iron Mountain by 17,500.0% during the fourth 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. Johnson Financial Group Inc. acquired a new stake in Iron Mountain during the third quarter valued at $32,000. Bayban purchased a new position in Iron Mountain in the fourth quarter valued at about $33,000. Finally, DV Equities LLC purchased a new position in Iron Mountain in the fourth quarter valued at about $34,000. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IRM has been the subject of a number of recent research reports. Truist Financial set a $140.00 price target on Iron Mountain in a research note on Friday, May 1st. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. increased their price objective on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Weiss Ratings lowered shares of Iron Mountain from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Finally, Barclays lifted their target price on shares of Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Iron Mountain presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.33.

Insider Transactions at Iron Mountain

In other Iron Mountain news, CAO Daniel Borges sold 7,189 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $125.50, for a total transaction of $902,219.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Pamela M. Arway sold 1,892 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $128.97, for a total value of $244,011.24. Following the transaction, the director owned 40,196 shares in the company, valued at approximately $5,184,078.12. This trade represents a 4.50% 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. In the last quarter, insiders sold 137,260 shares of company stock worth $17,361,672. 1.70% of the stock is currently owned by company insiders.

Iron Mountain Price Performance

Iron Mountain stock opened at $122.35 on Tuesday. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.68. The company’s fifty day moving average price is $126.01 and its two-hundred day moving average price is $110.00. The company has a market capitalization of $36.40 billion, a price-to-earnings ratio of 134.45 and a beta of 1.19.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.10. The company 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 business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm 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, sell-side analysts anticipate that Iron Mountain Incorporated will post 5.4 earnings per share for the current year.

Iron Mountain Announces Dividend

The business 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 dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, June 15th. Iron Mountain’s dividend payout ratio (DPR) is presently 380.22%.

Iron Mountain 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.