Buckland Partners Management Co LLC Takes Position in Iron Mountain Incorporated $IRM

Key Points

• Buckland Partners Management acquired 30,000 Iron Mountain shares worth approximately $3.8 million, making IRM about 1.9% of its portfolio. Institutional investors collectively own 80.13% of the company.
• Analyst sentiment remains favorable: five analysts rate IRM a Buy and one rates it Hold, resulting in a consensus “Moderate Buy” rating and a $135.17 price target.
• Iron Mountain exceeded quarterly expectations with $2.03 billion in revenue and $0.60 EPS, while revenue grew 18.5% year over year. The company also declared a quarterly dividend of $0.864 per share, implying a 2.7% annual yield.

Buckland Partners Management Co LLC acquired a new position in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 30,000 shares of the financial services provider's stock, valued at approximately $3,815,000. Iron Mountain accounts for about 1.9% of Buckland Partners Management Co LLC's portfolio, making the stock its 16th largest position.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Iron Mountain during the 2nd quarter worth $4,240,342,000. Cohen & Steers Inc. increased its position in shares of Iron Mountain by 20.0% during the fourth quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider's stock worth $1,568,110,000 after acquiring an additional 3,155,034 shares during the last quarter. State Street Corp lifted its stake in shares of Iron Mountain by 1.9% in the third quarter. State Street Corp now owns 17,131,787 shares of the financial services provider's stock worth $1,759,494,000 after acquiring an additional 322,144 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Iron Mountain by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 8,292,653 shares of the financial services provider's stock valued at $685,374,000 after purchasing an additional 102,073 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Iron Mountain by 18.1% in the third quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider's stock valued at $516,481,000 after purchasing an additional 776,933 shares during the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on IRM. Weiss Ratings upgraded shares of Iron Mountain from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Zacks Research upgraded Iron Mountain from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. increased their target price on Iron Mountain from $121.00 to $138.00 and gave the stock an "overweight" rating in a research report on Friday, May 1st. Wall Street Zen cut Iron Mountain from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Finally, Wells Fargo & Company upped 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. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Iron Mountain presently has a consensus rating of "Moderate Buy" and a consensus price target of $135.17.

Insider Transactions at Iron Mountain

In other news, CEO William L. Meaney sold 38,474 shares of the business'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 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 filing 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 Walter C. Rakowich sold 757 shares of the company's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total value of $94,208.65. Following the completion of the sale, the director owned 1,135 shares of the company's stock, valued at approximately $141,250.75. This trade represents a 40.01% 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 ninety days, insiders have sold 135,368 shares of company stock valued at $16,807,080. 1.70% of the stock is currently owned by company insiders.

Iron Mountain Stock Performance

NYSE:IRM opened at $129.80 on Tuesday. The stock has a market cap of $38.64 billion, a price-to-earnings ratio of 92.71 and a beta of 1.20. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.68. The business has a fifty day moving average of $124.68 and a 200-day moving average of $116.38.

Iron Mountain (NYSE:IRM - Get Free Report) last announced its earnings results 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 during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the firm posted $1.24 EPS. Iron Mountain's 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. On average, equities research analysts predict that Iron Mountain Incorporated will post 5.42 EPS for the current year.

Iron Mountain Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 15th will be issued a dividend of $0.864 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 annualized dividend and a yield of 2.7%. Iron Mountain's payout ratio is presently 247.14%.

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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