Insider Selling: Iron Mountain (NYSE:IRM) EVP Sells $553,600.00 in Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Greg Mcintosh sold 5,000 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $110.72, for a total transaction of $553,600.00. Following the completion of the sale, the executive vice president directly owned 70,634 shares in the company, valued at approximately $7,820,596.48. This trade represents a 6.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Iron Mountain Stock Down 0.8%

Iron Mountain stock opened at $115.55 on Thursday. The firm has a 50-day moving average price of $118.22 and a two-hundred day moving average price of $119.55. The firm has a market capitalization of $34.40 billion, a price-to-earnings ratio of 82.53 and a beta of 1.17. Iron Mountain Incorporated has a 52-week low of $77.77 and a 52-week high of $134.68.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.54 by $0.06. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.97 billion. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. Iron Mountain’s revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.24 earnings per share. 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 Incorporated will post 5.42 earnings per share for the current year.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.8640 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $3.46 annualized dividend and a yield of 3.0%. Iron Mountain’s payout ratio is presently 247.14%.

Institutional Investors Weigh In On Iron Mountain

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Iron Mountain during the 2nd quarter worth about $4,240,342,000. Cohen & Steers Inc. boosted its holdings in shares of Iron Mountain by 20.0% in the fourth quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock worth $1,568,110,000 after buying an additional 3,155,034 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Iron Mountain by 8.5% in the first quarter. Principal Financial Group Inc. now owns 4,566,093 shares of the financial services provider’s stock worth $466,382,000 after buying an additional 358,497 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Iron Mountain by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,552,286 shares of the financial services provider’s stock worth $464,931,000 after acquiring an additional 122,927 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of Iron Mountain in the second quarter worth approximately $409,843,000. 80.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wall Street Zen lowered Iron Mountain from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Rothschild & Co Redburn assumed coverage on shares of Iron Mountain in a research report on Monday, September 21st. They set a “buy” rating and a $132.00 price target on the stock. Barclays increased their price objective on shares of Iron Mountain from $143.00 to $144.00 and gave the company an “overweight” rating in a report on Tuesday, September 8th. Truist Financial boosted their target price on Iron Mountain from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Finally, Weiss Ratings downgraded Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $139.83.

Iron Mountain Company Profile

Iron Mountain Incorporated (NYSE: IRM) is a global information management and data center services company. It helps organizations protect, manage and access physical and digital information, including business records, documents, backup media and other critical assets.

The company provides records storage and retrieval, secure shredding and destruction, information governance, digitization, document management and data migration services. Iron Mountain also operates data centers and offers colocation, hybrid cloud and related infrastructure services.