Amundi Has $147.58 Million Stock Position in Iron Mountain Incorporated $IRM

Amundi boosted its position in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 7.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,168,430 shares of the financial services provider's stock after acquiring an additional 76,856 shares during the period. Amundi owned 0.39% of Iron Mountain worth $147,584,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IRM. Brown Financial Advisors boosted its stake in shares of Iron Mountain by 3.6% in the 2nd quarter. Brown Financial Advisors now owns 2,580 shares of the financial services provider's stock valued at $326,000 after purchasing an additional 90 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Iron Mountain during the 2nd quarter worth $55,804,000. California State Teachers Retirement System raised its position in shares of Iron Mountain by 12,879.2% during the 2nd quarter. California State Teachers Retirement System now owns 54,885,358 shares of the financial services provider's stock valued at $6,932,570,000 after acquiring an additional 54,462,487 shares during the last quarter. Ameritas Advisory Services LLC lifted its stake in shares of Iron Mountain by 245.7% in the 2nd quarter. Ameritas Advisory Services LLC now owns 18,870 shares of the financial services provider's stock valued at $2,383,000 after purchasing an additional 13,412 shares during the period. Finally, Wedmont Private Capital lifted its stake in shares of Iron Mountain by 18.0% in the 2nd quarter. Wedmont Private Capital now owns 4,288 shares of the financial services provider's stock valued at $521,000 after purchasing an additional 654 shares during the period. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on IRM. Zacks Research upgraded Iron Mountain from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 12th. Wall Street Zen downgraded Iron Mountain from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Truist Financial increased their target price on Iron Mountain from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday, August 27th. Weiss Ratings cut Iron Mountain from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 25th. Finally, Wells Fargo & Company upped their target price on shares of Iron Mountain from $135.00 to $140.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $137.83.

Iron Mountain Price Performance

IRM opened at $116.24 on Wednesday. The business's 50-day moving average price is $121.71 and its two-hundred day moving average price is $118.76. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.68. The company has a market capitalization of $34.60 billion, a price-to-earnings ratio of 83.03 and a beta of 1.18.

Iron Mountain (NYSE:IRM - Get Free Report) last released its 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. 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 for the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter in the previous year, the business posted $1.24 EPS. The business's quarterly 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. Sell-side analysts anticipate that Iron Mountain Incorporated will post 5.42 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be given a $0.864 dividend. 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 payout ratio is currently 246.43%.

Insider Buying and Selling

In related news, CEO William Meaney sold 38,474 shares of the firm's stock in a transaction 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 completion of the transaction, the chief executive officer owned 38,474 shares of the company's stock, valued at approximately $4,681,131.58. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Iron Mountain stock in a transaction 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 in the company, valued at $8,743,290.40. The trade was a 6.20% 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 90 days, insiders sold 132,422 shares of company stock worth $15,803,807. 1.70% of the stock is owned by insiders.

Iron Mountain 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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