Beacon Pointe Advisors LLC Takes Position in Iron Mountain Incorporated $IRM

Key Points

• Beacon Pointe Advisors acquired 13,845 Iron Mountain shares worth approximately $1.75 million, while institutional investors and hedge funds collectively own 80.13% of the stock.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and a $137.67 price target, despite some firms downgrading the stock to “Hold.”
• Iron Mountain exceeded quarterly earnings and revenue estimates, reporting $0.60 EPS and $2.03 billion in revenue, and declared a quarterly dividend of $0.864 per share, yielding about 2.9% annually.

Beacon Pointe Advisors LLC acquired a new position in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,845 shares of the financial services provider's stock, valued at approximately $1,747,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Garton & Associates Financial Advisors LLC bought a new position in shares of Iron Mountain during the fourth quarter worth about $25,000. Bell Investment Advisors Inc acquired a new position in Iron Mountain during the 2nd quarter worth approximately $26,000. Meeder Asset Management Inc. bought a new position in shares of Iron Mountain during the 2nd quarter worth approximately $27,000. Beaird Harris Wealth Management LLC grew its stake in shares of Iron Mountain by 17,500.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider's stock worth $29,000 after acquiring an additional 350 shares in the last quarter. Finally, Dynamic Wealth Strategies LLC acquired a new position in Iron Mountain during the first quarter worth $31,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on IRM. Wells Fargo & Company boosted their price target on shares of Iron Mountain from $135.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, August 6th. Truist Financial lifted their target price on Iron Mountain from $140.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday. Zacks Research upgraded Iron Mountain from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 12th. Weiss Ratings lowered Iron Mountain from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 25th. Finally, Wall Street Zen cut Iron Mountain from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $137.67.

Insider Activity at Iron Mountain

In other news, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction that occurred on Friday, August 7th. The stock was 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 approximately $12,454,908.90. The trade was a 5.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 38,474 shares in the company, valued at $4,681,131.58. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 82,948 shares of company stock valued at $10,143,093 over the last quarter. 1.70% of the stock is currently owned by corporate insiders.

Iron Mountain Price Performance

Shares of IRM stock opened at $117.55 on Monday. The company has a fifty day moving average price of $123.89 and a two-hundred day moving average price of $118.28. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.68. The stock has a market cap of $34.99 billion, a P/E ratio of 83.96 and a beta of 1.20.

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 for the quarter, topping the consensus estimate 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 company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period in the previous year, the business earned $1.24 EPS. 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. As a group, equities research analysts anticipate 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 2.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Iron Mountain's dividend payout ratio (DPR) is presently 247.14%.

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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