Iron Mountain Incorporated (NYSE:IRM) Receives $137.67 Consensus PT from Brokerages

Iron Mountain Incorporated (NYSE:IRM) has earned an average rating of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $137.8333.

IRM has been the topic of several research analyst reports. Truist Financial upped their target price on Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Weiss Ratings lowered Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Wall Street Zen cut Iron Mountain from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Barclays raised their price objective on shares of Iron Mountain from $143.00 to $144.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Wells Fargo & Company boosted their target price on shares of Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th.

Insider Buying and Selling at Iron Mountain

In other news, EVP Greg W. Mcintosh sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $115.60, for a total value of $578,000.00. Following the completion of the sale, the executive vice president directly owned 75,634 shares in the company, valued at $8,743,290.40. This trade represents a 6.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the business’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 completion of the sale, the executive vice president directly owned 95,507 shares of the company’s stock, valued at $11,040,609.20. The trade was a 5.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 132,422 shares of company stock valued at $15,803,807. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Iron Mountain

A number of hedge funds have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its position in shares of Iron Mountain by 18.6% during the second quarter. Sequoia Financial Advisors LLC now owns 12,408 shares of the financial services provider’s stock worth $1,567,000 after purchasing an additional 1,944 shares during the period. Community Bank of Raymore grew its position in Iron Mountain by 9.0% in the 2nd quarter. Community Bank of Raymore now owns 17,301 shares of the financial services provider’s stock valued at $2,185,000 after purchasing an additional 1,430 shares during the period. National Pension Service increased its stake in Iron Mountain by 5.9% during the 2nd quarter. National Pension Service now owns 454,815 shares of the financial services provider’s stock valued at $57,448,000 after purchasing an additional 25,423 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC bought a new stake in Iron Mountain during the 2nd quarter valued at $218,000. Finally, Integrated Wealth Concepts LLC raised its holdings in Iron Mountain by 2.0% during the second quarter. Integrated Wealth Concepts LLC now owns 16,688 shares of the financial services provider’s stock worth $2,108,000 after buying an additional 325 shares during the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Stock Up 2.0%

IRM stock opened at $115.12 on Friday. The firm has a market cap of $34.27 billion, a price-to-earnings ratio of 82.23 and a beta of 1.18. The company’s fifty day simple moving average is $121.46 and its 200 day simple moving average is $118.80. Iron Mountain has a 12-month low of $77.77 and a 12-month high of $134.68.

Iron Mountain (NYSE:IRM) last issued its quarterly 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 last year, the business posted $1.24 EPS. The business’s revenue 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. Research analysts expect that Iron Mountain will post 5.42 earnings per share for the current year.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders 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 yield of 3.0%. The ex-dividend date is Tuesday, September 15th. Iron Mountain’s dividend payout ratio (DPR) is presently 246.43%.

Iron Mountain Company Profile

Iron Mountain Incorporated (NYSE: IRM) is a global information management and data storage company. Founded in 1951, the company helps organizations protect, manage and preserve physical and digital information throughout its lifecycle.

Its services include records storage, document management, secure shredding and destruction, information governance, data backup and recovery, and digital transformation. Iron Mountain also operates data centers that support colocation, cloud connectivity and other infrastructure needs for businesses and public-sector organizations.

The company serves customers across a range of industries, including financial services, healthcare, government, legal services and entertainment.