Callan Family Office LLC Buys New Stake in Iron Mountain Incorporated $IRM

Key Points

• Callan Family Office LLC bought 9,041 Iron Mountain shares during the second quarter, valued at approximately $1.14 million. Institutional investors collectively own 80.13% of the company.
• Iron Mountain reported quarterly EPS of $0.60, exceeding estimates of $0.54, while revenue rose 18.5% year over year to $2.03 billion.
• Analysts give the stock a consensus “Moderate Buy” rating with a $135.17 price target. The company also declared a quarterly dividend of $0.864 per share, representing an annualized yield of about 2.8%.

Callan Family Office LLC purchased a new position in Iron Mountain Incorporated (NYSE:IRM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,041 shares of the financial services provider's stock, valued at approximately $1,142,000.

A number of other hedge funds also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund grew its position in Iron Mountain by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 33,889 shares of the financial services provider's stock worth $3,461,000 after acquiring an additional 100 shares in the last quarter. Rothschild Investment LLC boosted its holdings in shares of Iron Mountain by 15.4% in the 4th quarter. Rothschild Investment LLC now owns 780 shares of the financial services provider's stock worth $65,000 after purchasing an additional 104 shares during the period. Meeder Advisory Services Inc. increased its position in shares of Iron Mountain by 2.9% during the 1st quarter. Meeder Advisory Services Inc. now owns 3,741 shares of the financial services provider's stock valued at $382,000 after purchasing an additional 107 shares during the last quarter. Corrado Advisors LLC raised its holdings in Iron Mountain by 0.6% during the 4th quarter. Corrado Advisors LLC now owns 19,856 shares of the financial services provider's stock valued at $1,647,000 after buying an additional 110 shares during the period. Finally, Essential Partners LLC lifted its position in Iron Mountain by 24.4% in the first quarter. Essential Partners LLC now owns 561 shares of the financial services provider's stock worth $57,000 after buying an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 80.13% of the company's stock.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of the company's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $122.70, for a total value of $736,200.00. Following the completion of the sale, the executive vice president directly owned 101,507 shares in the company, valued at approximately $12,454,908.90. This represents a 5.58% decrease in their position. The sale was disclosed in a filing 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, CEO William L. Meaney sold 38,474 shares of the 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 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 position. 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 sold a total of 127,422 shares of company stock valued at $15,810,652 over the last quarter. Company insiders own 1.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on IRM shares. JPMorgan Chase & Co. boosted their price objective on shares of Iron Mountain from $121.00 to $138.00 and gave the company an "overweight" rating in a research report on Friday, May 1st. Zacks Research raised shares of Iron Mountain from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 12th. Weiss Ratings raised shares of Iron Mountain from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Wall Street Zen lowered Iron Mountain from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Finally, Truist Financial set a $140.00 target price on Iron Mountain in a research note on Friday, May 1st. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $135.17.

Iron Mountain Price Performance

IRM stock opened at $121.34 on Tuesday. The company has a market capitalization of $36.12 billion, a PE ratio of 86.68 and a beta of 1.20. Iron Mountain Incorporated has a 12 month low of $77.77 and a 12 month high of $134.68. The firm's 50-day moving average is $124.42 and its 200 day moving average is $117.50.

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 for the quarter, beating analysts' consensus estimates of $0.54 by $0.06. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.97 billion. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The firm's revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the business posted $1.24 EPS. 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 forecast that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.864 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.8%. Iron Mountain's payout ratio is 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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