Cantor Fitzgerald Investment Advisors L.P. Acquires New Holdings in Iron Mountain Incorporated $IRM

Key Points

• Cantor Fitzgerald Investment Advisors initiated a position in Iron Mountain during the third quarter, purchasing 10,000 shares valued at approximately $1.11 million. Institutional investors collectively own 80.13% of the company.
• Wall Street sentiment remains favorable, with five analysts rating Iron Mountain a Buy and two assigning a Hold rating. The stock has an average target price of $139.83, compared with a recent opening price of $110.88.
• Iron Mountain reported quarterly revenue of $2.03 billion and adjusted earnings of $0.60 per share, exceeding analyst expectations, while revenue rose 18.5% year over year. The company also paid a quarterly dividend of $0.864 per share, representing an annualized yield of about 3.1%.

Cantor Fitzgerald Investment Advisors L.P. bought a new stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,000 shares of the financial services provider's stock, valued at approximately $1,110,000.

A number of other large investors also recently modified their holdings of IRM. RB Capital Management LLC purchased a new stake in shares of Iron Mountain during the second quarter valued at approximately $5,907,000. Canada Pension Plan Investment Board purchased a new position in Iron Mountain in the second quarter worth $3,709,000. Glenview Trust Co bought a new position in Iron Mountain in the 2nd quarter valued at $1,391,000. Sanctuary Advisors LLC bought a new position in Iron Mountain in the 2nd quarter valued at $17,300,000. Finally, Deutsche Bank AG bought a new position in Iron Mountain in the 2nd quarter valued at $385,129,000. Institutional investors own 80.13% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IRM. Weiss Ratings lowered Iron Mountain from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 25th. 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 report on Thursday, August 6th. Barclays increased their price target 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. Truist Financial raised their price objective on shares of Iron Mountain from $140.00 to $155.00 and gave the stock a "buy" rating in a report on Thursday, August 27th. Finally, Rothschild & Co Redburn started coverage on shares of Iron Mountain in a research report on Monday, September 21st. They issued a "buy" rating and a $132.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $139.83.

Iron Mountain Price Performance

Shares of IRM opened at $110.88 on Friday. The firm has a market cap of $33.01 billion, a PE ratio of 79.20 and a beta of 1.17. The stock's fifty day moving average price is $115.86 and its two-hundred day moving average price is $120.50. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.68.

Iron Mountain (NYSE:IRM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.06. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%. The firm had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. The business'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. Sell-side analysts anticipate that Iron Mountain Incorporated will post 5.42 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Tuesday, September 15th were issued a $0.8640 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $3.46 annualized dividend and a yield of 3.1%. Iron Mountain's dividend payout ratio (DPR) is 247.14%.

Insider Buying and Selling

In other Iron Mountain news, 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 transaction of $4,681,131.58. Following the sale, the chief executive officer owned 38,474 shares in the company, valued at $4,681,131.58. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Greg W. Mcintosh sold 5,000 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $110.72, for a total value of $553,600.00. Following the sale, the executive vice president owned 70,634 shares in the company, valued at approximately $7,820,596.48. This represents a 6.61% 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. In the last ninety days, insiders sold 137,422 shares of company stock valued at $15,881,099. Company insiders own 1.70% of the company's stock.

Iron Mountain Company Profile

Iron Mountain Incorporated NYSE: IRM is a global information management and storage company that helps organizations protect, manage and optimize their physical and digital assets. Founded in 1951, the company began as a records storage provider and has expanded into a broader information lifecycle management business.

Its services include records storage and retrieval, information governance, secure shredding and destruction, document scanning, digital transformation, backup and recovery, and data center services.

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