Iron Mountain Incorporated (NYSE:IRM) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analyst consensus remains “Moderate Buy”: Five of seven analysts rate Iron Mountain a buy, while two recommend holding the stock. The average 12-month price target is $137.67, above its reported $116.81 opening price.
• Quarterly results exceeded expectations: Iron Mountain reported adjusted EPS of $0.60 versus the $0.54 consensus estimate, while revenue rose 18.5% year over year to $2.03 billion.
• Shareholders will receive a quarterly dividend of $0.864 per share, equivalent to an annualized $3.46 dividend and a 3.0% yield. The company’s payout ratio is high at 247.14%, and insiders have sold roughly $15.8 million of stock over the past 90 days.

Shares of Iron Mountain Incorporated (NYSE:IRM - Get Free Report) have received an average rating of "Moderate Buy" from the seven research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $137.6667.

IRM has been the topic of several recent research reports. Weiss Ratings cut shares of Iron Mountain from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 25th. Wall Street Zen downgraded Iron Mountain from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Zacks Research upgraded Iron Mountain from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 12th. Truist Financial lifted their price objective on Iron Mountain from $140.00 to $155.00 and gave the company a "buy" rating in a report on Thursday, August 27th. Finally, Barclays upped their target price on Iron Mountain from $127.00 to $143.00 and gave the company an "overweight" rating in a research report on Wednesday, July 1st.

Iron Mountain Stock Performance

IRM opened at $116.81 on Friday. The stock has a fifty day moving average of $122.18 and a 200-day moving average of $118.56. The company has a market capitalization of $34.77 billion, a P/E ratio of 83.44 and a beta of 1.18. Iron Mountain has a fifty-two week low of $77.77 and a fifty-two week high of $134.68.

Iron Mountain (NYSE:IRM - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.06. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the firm earned $1.24 earnings per share. Iron Mountain'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, equities research analysts predict that Iron Mountain will post 5.42 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.864 per share. 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 is presently 247.14%.

Insider Activity

In other news, EVP Greg McIntosh sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $115.60, for a total transaction of $578,000.00. Following the completion of the sale, the executive vice president owned 75,634 shares of the company's stock, valued at approximately $8,743,290.40. This represents a 6.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $736,200.00. Following the completion of the transaction, the executive vice president directly owned 101,507 shares in the company, valued at $12,454,908.90. This trade represents a 5.58% 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. In the last ninety days, insiders sold 132,422 shares of company stock worth $15,803,807. 1.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Brown Financial Advisors increased its holdings in Iron Mountain by 3.6% in the second quarter. Brown Financial Advisors now owns 2,580 shares of the financial services provider's stock worth $326,000 after purchasing an additional 90 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Iron Mountain by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 33,889 shares of the financial services provider's stock worth $3,461,000 after buying an additional 100 shares in the last quarter. Rothschild Investment LLC grew its position in shares of Iron Mountain by 15.4% during the 4th quarter. Rothschild Investment LLC now owns 780 shares of the financial services provider's stock worth $65,000 after buying an additional 104 shares during the period. Meeder Advisory Services Inc. grew its position in shares of Iron Mountain by 2.9% during the 1st quarter. Meeder Advisory Services Inc. now owns 3,741 shares of the financial services provider's stock worth $382,000 after buying an additional 107 shares during the period. Finally, Corrado Advisors LLC increased its stake in shares of Iron Mountain by 0.6% in the 4th quarter. Corrado Advisors LLC now owns 19,856 shares of the financial services provider's stock valued at $1,647,000 after acquiring an additional 110 shares in the last quarter. 80.13% of the stock is owned by institutional investors.

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.

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