B. Metzler seel. Sohn & Co. AG Takes $4.32 Million Position in Iron Mountain Incorporated $IRM

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 34,219 Iron Mountain shares worth approximately $4.32 million, while institutional investors collectively own 80.13% of the company.
• Iron Mountain beat quarterly expectations with $0.60 in EPS and $2.03 billion in revenue, up 18.5% year over year. The company declared a quarterly dividend of $0.864 per share, yielding about 2.8% annually.
• Analysts maintain a largely positive outlook, with a consensus “Moderate Buy” rating and an average price target of $135.17 versus the stock’s recent price of $122.19.

B. Metzler seel. Sohn & Co. AG bought a new position in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 34,219 shares of the financial services provider's stock, valued at approximately $4,322,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BDFS Capital LLC purchased a new position in shares of Iron Mountain during the fourth quarter worth about $340,000. Allstate Corp raised its stake in Iron Mountain by 105.1% in the fourth quarter. Allstate Corp now owns 22,427 shares of the financial services provider's stock valued at $1,860,000 after purchasing an additional 11,492 shares in the last quarter. Intact Investment Management Inc. lifted its position in Iron Mountain by 103.4% during the fourth quarter. Intact Investment Management Inc. now owns 71,600 shares of the financial services provider's stock valued at $5,939,000 after purchasing an additional 36,400 shares during the last quarter. Stevens Capital Management LP bought a new stake in Iron Mountain during the fourth quarter valued at approximately $1,262,000. Finally, Deutsche Bank AG purchased a new position in Iron Mountain in the 2nd quarter worth approximately $385,129,000. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Iron Mountain Stock Down 0.6%

Shares of IRM opened at $122.19 on Friday. The stock has a market capitalization of $36.38 billion, a P/E ratio of 87.28 and a beta of 1.20. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.68. The firm has a fifty day simple moving average of $124.52 and a two-hundred day simple moving average of $117.08.

Iron Mountain (NYSE:IRM - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating 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 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 company earned $1.24 earnings per share. The company'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. Sell-side analysts expect that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

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 2.8%. The ex-dividend date is Tuesday, September 15th. Iron Mountain's dividend payout ratio (DPR) is currently 247.14%.

Insider Activity at Iron Mountain

In related news, CEO William L. Meaney sold 38,474 shares of the firm's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $121.67, for a total value of $4,681,131.58. Following the completion of the sale, the chief executive officer owned 38,474 shares of the company's stock, valued at $4,681,131.58. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 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 sale, the executive vice president owned 101,507 shares in the company, valued at approximately $12,454,908.90. This trade represents a 5.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 127,422 shares of company stock worth $15,810,652 over the last three months. Insiders own 1.70% of the company's stock.

Analysts Set New Price Targets

IRM has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price target on shares of Iron Mountain from $135.00 to $140.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Iron Mountain from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. upped their target price on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an "overweight" rating in a research report on Friday, May 1st. Barclays increased their target price on Iron Mountain from $127.00 to $143.00 and gave the company an "overweight" rating in a research note on Wednesday, July 1st. Finally, Zacks Research raised Iron Mountain from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 12th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $135.17.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source