Capital Financial Group Inc. Co. ADV Acquires Shares of 15,979 Iron Mountain Incorporated $IRM

Key Points

• Capital Financial Group acquired 15,979 shares of Iron Mountain in the second quarter, valued at approximately $2.02 million. Institutional investors collectively own 80.13% of the company.
• Analysts remain broadly positive, with five Buy ratings and one Hold rating, producing a “Moderate Buy” consensus and an average price target of $135.17.
• Iron Mountain beat quarterly expectations with adjusted EPS of $0.60 and revenue of $2.03 billion, up 18.5% year over year. The company also declared a quarterly dividend of $0.864 per share, representing a 2.7% yield.

Capital Financial Group Inc. Co. ADV bought a new position in Iron Mountain Incorporated (NYSE:IRM - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,979 shares of the financial services provider's stock, valued at approximately $2,018,000. Iron Mountain accounts for approximately 1.1% of Capital Financial Group Inc. Co. ADV's holdings, making the stock its 19th biggest position.

Several other institutional investors have also made changes to their positions in IRM. Bell Investment Advisors Inc acquired a new stake in shares of Iron Mountain during the second quarter valued at approximately $26,000. Elevation Wealth Partners LLC boosted its stake in Iron Mountain by 444.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 283 shares of the financial services provider's stock worth $36,000 after purchasing an additional 231 shares during the period. Dynamic Wealth Strategies LLC acquired a new position in Iron Mountain in the 1st quarter worth approximately $31,000. Garton & Associates Financial Advisors LLC purchased a new position in Iron Mountain during the 4th quarter worth approximately $25,000. Finally, Johnson Financial Group Inc. acquired a new stake in Iron Mountain during the 3rd quarter valued at $32,000. 80.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on IRM. Wells Fargo & Company increased their target price on Iron Mountain from $135.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. JPMorgan Chase & Co. lifted their price target on Iron Mountain from $121.00 to $138.00 and gave the company an "overweight" rating in a report on Friday, May 1st. Zacks Research raised Iron Mountain from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 12th. Barclays raised their price objective on Iron Mountain from $127.00 to $143.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 1st. 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $135.17.

Iron Mountain Stock Up 0.3%

Iron Mountain stock opened at $129.80 on Tuesday. Iron Mountain Incorporated has a 12 month low of $77.77 and a 12 month high of $134.68. The company's fifty day simple moving average is $124.68 and its 200-day simple moving average is $116.38. The stock has a market cap of $38.64 billion, a P/E ratio of 92.71 and a beta of 1.20.

Iron Mountain (NYSE:IRM - Get Free Report) last released 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. 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 during the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter last year, the firm earned $1.24 earnings per share. The business's revenue for the quarter was up 18.5% on a year-over-year basis. 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 expect that Iron Mountain Incorporated will post 5.42 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

The company 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 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 15th. Iron Mountain's payout ratio is currently 247.14%.

Insider Transactions at Iron Mountain

In related news, Director Walter C. Rakowich sold 757 shares of the firm's stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total transaction of $94,208.65. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of Iron Mountain stock in a transaction that occurred on Friday, August 7th. The shares were 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 owned 38,474 shares of the company's stock, valued at $4,681,131.58. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 135,368 shares of company stock valued at $16,807,080 in the last quarter. Corporate insiders own 1.70% of the company's stock.

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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