Danske Bank A S Buys 13,300 Shares of Iron Mountain Incorporated $IRM

Key Points

• Danske Bank A S increased its stake in Iron Mountain by 8.9%, buying 13,300 shares to own 162,462 shares worth about $13.48 million (≈0.05% of the company).
• Q1 beat and guidance raise: Iron Mountain reported $1.43 EPS (vs. $0.50 expected) and revenue of $1.94B (+21.5% YoY), raised Q2 and FY2026 guidance, and has seen multiple analyst upgrades to an average target of $131.67 and a consensus of "Moderate Buy."
• Insider selling and dividend: Insiders sold 451,648 shares (~$48.3M) over the last quarter, while the company declared a $0.864 quarterly dividend (annualized $3.46, ~2.7% yield) with a high payout ratio (DPR ~380%).

Danske Bank A S grew its stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 8.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 162,462 shares of the financial services provider's stock after purchasing an additional 13,300 shares during the period. Danske Bank A S owned approximately 0.05% of Iron Mountain worth $13,476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Iron Mountain by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider's stock valued at $2,573,000 after purchasing an additional 1,286 shares in the last quarter. Empowered Funds LLC boosted its position in Iron Mountain by 10.3% in the 1st quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider's stock valued at $493,000 after buying an additional 537 shares during the last quarter. Woodline Partners LP boosted its position in Iron Mountain by 41.0% in the 1st quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider's stock valued at $2,129,000 after buying an additional 7,193 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Iron Mountain by 29.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the financial services provider's stock valued at $136,000 after buying an additional 300 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in Iron Mountain by 3.6% in the 2nd quarter. Cerity Partners LLC now owns 35,292 shares of the financial services provider's stock valued at $3,620,000 after buying an additional 1,222 shares during the last quarter. 80.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Loop Capital set a $130.00 price objective on Iron Mountain in a research report on Wednesday, March 4th. Barclays increased their price objective on Iron Mountain from $126.00 to $127.00 and gave the company an "overweight" rating in a research report on Monday, February 23rd. Wells Fargo & Company increased their price target on Iron Mountain from $125.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday, April 21st. Truist Financial set a $140.00 price target on Iron Mountain in a research note on Friday. Finally, JPMorgan Chase & Co. increased their price target on Iron Mountain from $121.00 to $138.00 and gave the company an "overweight" rating in a research note on Friday. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Iron Mountain presently has a consensus rating of "Moderate Buy" and an average target price of $131.67.

Insiders Place Their Bets

In related news, Director Jennifer Allerton sold 7,000 shares of the firm's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $108.88, for a total transaction of $762,160.00. Following the sale, the director owned 11,541 shares of the company's stock, valued at approximately $1,256,584.08. This trade represents a 37.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mark Kidd sold 6,000 shares of the firm's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $102.71, for a total value of $616,260.00. Following the sale, the executive vice president directly owned 125,507 shares in the company, valued at $12,890,823.97. The trade was a 4.56% 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 quarter, insiders sold 451,648 shares of company stock worth $48,297,449. 1.70% of the stock is owned by corporate insiders.

Iron Mountain Stock Down 0.1%

IRM stock opened at $127.09 on Monday. The business's fifty day moving average is $108.73 and its 200-day moving average is $98.19. The company has a market cap of $37.81 billion, a P/E ratio of 139.66 and a beta of 1.20. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $127.94.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.93. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The firm's quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.17 EPS. Iron Mountain has set its Q2 2026 guidance at 1.400-1.400 EPS and its FY 2026 guidance at 5.790-5.860 EPS. Research analysts anticipate that Iron Mountain Incorporated will post 5.26 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Monday, June 15th will be paid a dividend of $0.864 per share. This represents a $3.46 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. Iron Mountain's dividend payout ratio (DPR) is presently 380.22%.

Iron Mountain News Roundup

Here are the key news stories impacting Iron Mountain this week:

• Positive Sentiment: Q1 beat & guidance raise — Iron Mountain reported stronger-than-expected Q1 results (revenue up ~21.5%, AFFO and EPS beat) and raised FY2026 and Q2 guidance, signaling sustained demand across data centers and digital services. Press Release / Slide Deck
• Positive Sentiment: AI/data-center tailwind — Reuters and other outlets attribute the guidance lift to accelerating demand from AI workloads driving colocation and data-center services, a higher-growth area for IRM. Iron Mountain raises annual forecast on AI-fueled data center boom
• Positive Sentiment: AFFO and profitability momentum — Analysts highlighted strong AFFO growth (~22%) and improved cash-generation metrics that underpin the stock’s re-rating and dividend capacity. Zacks: Q1 AFFO Tops Estimates
• Positive Sentiment: Analyst upgrade / higher target — JPMorgan upgraded IRM to “Overweight” and raised its target to $138, reinforcing buy-side momentum and setting an upgraded valuation anchor. Benzinga
• Neutral Sentiment: Dividend declared — Board announced a $0.864 quarterly dividend (ex-dividend June 15), which supports the REIT income story but is expected rather than transformative. (Company release / earnings materials linked above.)
• Neutral Sentiment: Market technicals and coverage — Coverage pieces and trade notes flagged IRM’s move into resistance/record-high territory after the print, which can attract momentum traders but may also invite short-term profit-taking. Invezz: resistance story
• Negative Sentiment: Insider & institutional selling — Reports note substantial insider sales recently (including multiple executive disposals) and large institutional position shifts, which could concern some investors about near-term liquidity or tax-driven selling pressure.

About Iron Mountain

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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