Brookstone Capital Management Has $19.30 Million Position in Iron Mountain Incorporated $IRM

Key Points

• Brookstone Capital Management cut its Iron Mountain stake by 19.9% in the first quarter, ending with 188,929 shares valued at about $19.3 million.
• Iron Mountain reported better-than-expected Q1 earnings of $0.60 per share on revenue of $1.94 billion, with revenue up 21.5% year over year. The company also issued Q2 2026 and FY 2026 earnings guidance.
• The company declared a quarterly dividend of $0.864 per share, or $3.46 annualized, for a 2.7% yield. Analysts currently rate the stock a Moderate Buy with an average price target of $131.67.

Brookstone Capital Management lowered its holdings in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 19.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 188,929 shares of the financial services provider's stock after selling 47,004 shares during the quarter. Brookstone Capital Management owned 0.06% of Iron Mountain worth $19,297,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IRM. Garton & Associates Financial Advisors LLC acquired a new position in shares of Iron Mountain in the 4th quarter worth approximately $25,000. Johnson Financial Group Inc. acquired a new stake in Iron Mountain in the 3rd quarter valued at $32,000. Beaird Harris Wealth Management LLC boosted its stake in Iron Mountain by 17,500.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider's stock valued at $29,000 after buying an additional 350 shares in the last quarter. Bayban bought a new stake in Iron Mountain in the fourth quarter valued at $33,000. Finally, DV Equities LLC bought a new stake in Iron Mountain in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 80.13% of the company's stock.

Iron Mountain Stock Down 0.0%

Shares of NYSE IRM opened at $127.78 on Monday. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.09. The firm's 50-day simple moving average is $123.29 and its 200 day simple moving average is $105.37. The company has a market cap of $38.02 billion, a price-to-earnings ratio of 140.42 and a beta of 1.19.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.10. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.86 billion. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. Iron Mountain's revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.17 EPS. Iron Mountain has set its Q2 2026 guidance at 1.400-1.400 EPS and its FY 2026 guidance at 5.790-5.860 EPS. On average, equities analysts expect that Iron Mountain Incorporated will post 5.4 earnings per share for the current year.

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be given a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, June 15th. Iron Mountain's dividend payout ratio (DPR) is presently 380.22%.

Analysts Set New Price Targets

Several research firms have recently weighed in on IRM. Truist Financial set a $140.00 target price on shares of Iron Mountain in a report on Friday, May 1st. JPMorgan Chase & Co. lifted their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the company an "overweight" rating in a report on Friday, May 1st. Wall Street Zen lowered shares of Iron Mountain from a "buy" rating to a "hold" rating in a research report on Sunday, June 14th. Loop Capital set a $130.00 price objective on shares of Iron Mountain in a research note on Wednesday, March 4th. Finally, Barclays raised their price objective on shares of Iron Mountain from $126.00 to $127.00 and gave the stock an "overweight" rating in a report on Monday, February 23rd. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $131.67.

Insider Transactions at Iron Mountain

In other Iron Mountain news, CAO Daniel Borges sold 7,189 shares of Iron Mountain stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $125.50, for a total transaction of $902,219.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Pamela M. Arway sold 1,892 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $128.97, for a total value of $244,011.24. Following the completion of the transaction, the director directly owned 40,196 shares in the company, valued at approximately $5,184,078.12. This trade represents a 4.50% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 143,260 shares of company stock valued at $17,203,835. 1.70% of the stock is currently owned by insiders.

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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