PNC Financial Services Group Inc. Purchases 7,375 Shares of Iron Mountain Incorporated $IRM

PNC Financial Services Group Inc. raised its position in Iron Mountain Incorporated (NYSE:IRM) by 12.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 68,569 shares of the financial services provider’s stock after purchasing an additional 7,375 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Iron Mountain were worth $7,004,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Garton & Associates Financial Advisors LLC bought a new position in Iron Mountain in the 4th quarter valued at $25,000. Beaird Harris Wealth Management LLC increased its stake in shares of Iron Mountain by 17,500.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock valued at $29,000 after buying an additional 350 shares in the last quarter. Johnson Financial Group Inc. bought a new position in shares of Iron Mountain in the third quarter valued at about $32,000. Bayban bought a new position in shares of Iron Mountain in the fourth quarter valued at about $33,000. Finally, DV Equities LLC acquired a new position in Iron Mountain during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on IRM. Truist Financial set a $140.00 price objective on shares of Iron Mountain in a report on Friday, May 1st. Barclays upped their target price on shares of Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a research report 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 stock an “overweight” rating in a research report on Friday, May 1st. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings cut Iron Mountain from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.33.

Iron Mountain Trading Up 0.0%

Iron Mountain stock opened at $128.33 on Monday. The company has a market cap of $38.18 billion, a PE ratio of 141.03 and a beta of 1.19. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.68. The company’s 50-day moving average is $125.31 and its two-hundred day moving average is $112.65.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate 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 net margin of 3.76% and a negative return on equity of 91.56%. Iron Mountain’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.17 EPS. 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. Research analysts forecast 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 was paid on Monday, July 6th. Stockholders of record on Monday, June 15th were paid a $0.864 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.7%. Iron Mountain’s dividend payout ratio is 380.22%.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, Director Pamela M. Arway sold 1,892 shares of the stock in a transaction 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 sale, the director directly owned 40,196 shares in the company, valued at approximately $5,184,078.12. This trade represents a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $127.91, for a total value of $767,460.00. Following the sale, the executive vice president directly owned 119,507 shares in the company, valued at approximately $15,286,140.37. This represents a 4.78% 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 have sold 137,260 shares of company stock worth $17,361,672 over the last ninety days. 1.70% of the stock is owned by corporate insiders.

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.