California State Teachers Retirement System Buys 11,658 Shares of Iron Mountain Incorporated $IRM

California State Teachers Retirement System boosted its position in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 434,529 shares of the financial services provider's stock after acquiring an additional 11,658 shares during the quarter. California State Teachers Retirement System owned 0.15% of Iron Mountain worth $54,885,358 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Ameritas Advisory Services LLC increased its position in shares of Iron Mountain by 245.7% in the second quarter. Ameritas Advisory Services LLC now owns 18,870 shares of the financial services provider's stock valued at $2,383,000 after buying an additional 13,412 shares in the last quarter. Wedmont Private Capital boosted its stake in shares of Iron Mountain by 18.0% in the second 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. HB Wealth Management LLC boosted its position in Iron Mountain by 1.1% during the 2nd quarter. HB Wealth Management LLC now owns 15,577 shares of the financial services provider's stock valued at $1,968,000 after purchasing an additional 171 shares during the period. Saudi Central Bank raised its holdings in shares of Iron Mountain by 90.8% in the 2nd quarter. Saudi Central Bank now owns 20,823 shares of the financial services provider's stock worth $2,630,000 after purchasing an additional 9,912 shares in the last quarter. Finally, Compass Financial Management LLC acquired a new stake in shares of Iron Mountain during the 2nd quarter valued at about $66,000. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Iron Mountain Trading Up 0.3%

NYSE IRM traded up $0.32 during trading on Tuesday, reaching $112.38. 644,184 shares of the company's stock were exchanged, compared to its average volume of 1,744,546. Iron Mountain Incorporated has a fifty-two week low of $77.77 and a fifty-two week high of $134.68. The company's fifty day simple moving average is $121.37 and its 200-day simple moving average is $118.84. The firm has a market capitalization of $33.46 billion, a PE ratio of 80.17 and a beta of 1.18.

Iron Mountain (NYSE:IRM - Get Free Report) last announced 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. The firm had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $1.97 billion. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The business's revenue for the quarter was up 18.5% on a year-over-year basis. During the same period last year, the firm earned $1.24 earnings per share. 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. Equities analysts forecast that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Iron Mountain's dividend payout ratio is presently 246.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on IRM shares. Barclays boosted their price objective on shares of Iron Mountain from $143.00 to $144.00 and gave the company an "overweight" rating in a research report on Tuesday, September 8th. Wells Fargo & Company boosted their price objective 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 lowered shares of Iron Mountain from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 25th. Truist Financial increased their price objective on shares of Iron Mountain from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, August 27th. Finally, Wall Street Zen lowered shares of Iron Mountain from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $137.83.

Insider Buying and Selling at Iron Mountain

In related news, CEO William L. Meaney sold 38,474 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $121.67, for a total transaction of $4,681,131.58. Following the completion of the sale, the chief executive officer directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the company's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $122.70, for a total value of $736,200.00. Following the sale, the executive vice president directly owned 101,507 shares of the company's stock, valued at approximately $12,454,908.90. This represents a 5.58% 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. Insiders have sold 132,422 shares of company stock valued at $15,803,807 over the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

About Iron Mountain

Iron Mountain Incorporated NYSE: IRM is a global information management and data storage company. Founded in 1951, the company helps organizations protect, manage and preserve physical and digital information throughout its lifecycle.

Its services include records storage, document management, secure shredding and destruction, information governance, data backup and recovery, and digital transformation. Iron Mountain also operates data centers that support colocation, cloud connectivity and other infrastructure needs for businesses and public-sector organizations.

The company serves customers across a range of industries, including financial services, healthcare, government, legal services and entertainment.

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