Rakuten Investment Management Inc. Takes Position in Iron Mountain Incorporated $IRM

Rakuten Investment Management Inc. purchased a new position in shares of Iron Mountain Incorporated (NYSE:IRM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 48,661 shares of the financial services provider’s stock, valued at approximately $6,324,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IRM. Garton & Associates Financial Advisors LLC acquired a new stake in Iron Mountain during the fourth quarter valued at approximately $25,000. Bell Investment Advisors Inc acquired a new position in shares of Iron Mountain in the 2nd quarter worth approximately $26,000. Meeder Asset Management Inc. acquired a new position in shares of Iron Mountain in the 2nd quarter worth approximately $27,000. Beaird Harris Wealth Management LLC increased 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 acquiring an additional 350 shares during the last quarter. Finally, Dynamic Wealth Strategies LLC bought a new stake in shares of Iron Mountain in the 1st quarter valued at approximately $31,000. 80.13% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $122.70, for a total value of $736,200.00. Following the transaction, the executive vice president owned 101,507 shares in the company, valued at approximately $12,454,908.90. The trade was a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $121.67, for a total value of $4,681,131.58. Following the sale, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at approximately $4,681,131.58. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 127,422 shares of company stock valued at $15,810,652 over the last 90 days. 1.70% of the stock is currently owned by insiders.

Iron Mountain Price Performance

Iron Mountain stock opened at $117.55 on Friday. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.68. The stock has a market capitalization of $34.99 billion, a PE ratio of 83.96 and a beta of 1.20. The firm has a 50 day simple moving average of $123.89 and a 200-day simple moving average of $118.13.

Iron Mountain (NYSE:IRM) last released its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the prior year, the firm posted $1.24 earnings per share. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. 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. On average, analysts forecast that Iron Mountain Incorporated will post 5.42 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 15th will be issued a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 15th. Iron Mountain’s payout ratio is presently 247.14%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Barclays boosted 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. Wall Street Zen cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. 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 note on Thursday. Finally, Wells Fargo & Company boosted their price objective on Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $137.67.

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.