Ameritas Advisory Services LLC Buys 13,412 Shares of Iron Mountain Incorporated $IRM

Key Points

• Ameritas Advisory Services increased its Iron Mountain stake by 245.7% in the second quarter, acquiring 13,412 additional shares and bringing its holdings to 18,870 shares valued at approximately $2.38 million. Institutional investors collectively own 80.13% of the company.
• Iron Mountain reported quarterly earnings of $0.60 per share, exceeding analysts’ $0.54 estimate, while revenue rose 18.5% year over year to $2.03 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $137.83.
• Company insiders sold 132,422 shares worth about $15.8 million over the past three months, while Iron Mountain announced a quarterly dividend of $0.864 per share, implying a 3.0% annualized yield.

Ameritas Advisory Services LLC grew its stake in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 245.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,870 shares of the financial services provider's stock after purchasing an additional 13,412 shares during the period. Ameritas Advisory Services LLC's holdings in Iron Mountain were worth $2,383,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in IRM. Garton & Associates Financial Advisors LLC bought a new position in Iron Mountain in the fourth quarter worth approximately $25,000. Bell Investment Advisors Inc bought a new stake in shares of Iron Mountain during the second quarter valued at approximately $26,000. Meeder Asset Management Inc. bought a new stake in shares of Iron Mountain during the second quarter valued at approximately $27,000. Beaird Harris Wealth Management LLC raised its position in shares of Iron Mountain by 17,500.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider's stock worth $29,000 after purchasing an additional 350 shares during the period. Finally, Dynamic Wealth Strategies LLC bought a new position in shares of Iron Mountain in the 1st quarter worth $31,000. Institutional investors own 80.13% of the company's stock.

Insider Activity

In related news, CEO William Meaney sold 38,474 shares of Iron Mountain stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $121.67, for a total value of $4,681,131.58. Following the sale, the chief executive officer owned 38,474 shares of the company's stock, valued at approximately $4,681,131.58. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Greg McIntosh sold 5,000 shares of the firm's stock in a transaction on 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 of the company's stock, valued at $8,743,290.40. This represents a 6.20% 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 sold 132,422 shares of company stock valued at $15,803,807 in the last three months. Company insiders own 1.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on IRM shares. Truist Financial lifted their price target on shares of Iron Mountain from $140.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, August 27th. Barclays increased their price objective on Iron Mountain from $143.00 to $144.00 and gave the stock an "overweight" rating in a research note on Tuesday. Wall Street Zen cut 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 report on Tuesday, May 12th. Finally, Wells Fargo & Company increased their price target 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 research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $137.83.

Iron Mountain Trading Down 0.5%

Shares of IRM opened at $116.24 on Wednesday. The company has a market capitalization of $34.60 billion, a price-to-earnings ratio of 83.03 and a beta of 1.18. The stock has a 50 day moving average of $121.71 and a 200 day moving average of $118.76. Iron Mountain Incorporated has a 12 month low of $77.77 and a 12 month high of $134.68.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.06. The business had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $1.97 billion. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The business's revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the firm 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. As a group, equities research analysts predict that Iron Mountain Incorporated will post 5.42 earnings per share for the current year.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Iron Mountain's dividend payout ratio is currently 246.43%.

About Iron Mountain

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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