Danske Bank A S Makes New Investment in Iron Mountain Incorporated $IRM

Key Points

• Danske Bank acquired 160,962 Iron Mountain shares worth approximately $20.3 million, while institutional investors collectively own 80.13% of the company.
• Iron Mountain reported quarterly revenue of $2.03 billion, up 18.5% year over year, and adjusted earnings of $0.60 per share, exceeding analysts’ $0.54 estimate. The stock opened at $123.09, with a market capitalization of approximately $36.64 billion.
• The company declared a quarterly dividend of $0.864 per share, equivalent to an annualized $3.46 dividend and a 2.8% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $135.17, although insiders sold $15.8 million of shares during the quarter.

Danske Bank A S purchased a new position in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 160,962 shares of the financial services provider's stock, valued at approximately $20,331,000. Danske Bank A S owned approximately 0.05% of Iron Mountain at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in IRM. BDFS Capital LLC bought a new position in shares of Iron Mountain during the 4th quarter valued at $340,000. Allstate Corp increased its position in Iron Mountain by 105.1% during the fourth quarter. Allstate Corp now owns 22,427 shares of the financial services provider's stock worth $1,860,000 after buying an additional 11,492 shares during the last quarter. Intact Investment Management Inc. raised its holdings in Iron Mountain by 103.4% during the fourth quarter. Intact Investment Management Inc. now owns 71,600 shares of the financial services provider's stock valued at $5,939,000 after buying an additional 36,400 shares in the last quarter. Stevens Capital Management LP bought a new stake in shares of Iron Mountain during the 4th quarter worth about $1,262,000. Finally, Deutsche Bank AG acquired a new position in shares of Iron Mountain during the 2nd quarter valued at about $385,129,000. Institutional investors own 80.13% of the company's stock.

Insider Buying and Selling at Iron Mountain

In other news, EVP Mark Kidd sold 6,000 shares of the business's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $122.70, for a total transaction of $736,200.00. Following the transaction, the executive vice president owned 101,507 shares in the company, valued at approximately $12,454,908.90. The trade was a 5.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 the company's stock in a transaction dated 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 transaction, the chief executive officer directly owned 38,474 shares of the company's stock, valued at $4,681,131.58. This represents 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. Over the last quarter, insiders have sold 127,422 shares of company stock valued at $15,810,652. Corporate insiders own 1.70% of the company's stock.

Iron Mountain Stock Up 0.8%

IRM opened at $123.09 on Friday. The stock's 50 day moving average price is $124.62 and its two-hundred day moving average price is $117.04. The firm has a market capitalization of $36.64 billion, a P/E ratio of 87.92 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.

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, topping 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 company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period in the previous year, the company earned $1.24 earnings per share. The company's quarterly revenue 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. As a group, analysts anticipate that Iron Mountain Incorporated will post 5.42 earnings per share for the current year.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 15th will be paid a dividend of $0.864 per share. This represents a $3.46 annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, September 15th. Iron Mountain's dividend payout ratio is presently 247.14%.

Analyst Ratings Changes

IRM has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on Iron Mountain from $121.00 to $138.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Truist Financial set a $140.00 price target on shares of Iron Mountain in a research report on Friday, May 1st. Wall Street Zen cut shares of Iron Mountain from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Barclays upped their price objective on shares of Iron Mountain from $127.00 to $143.00 and gave the stock an "overweight" rating in a report on Wednesday, July 1st. Finally, Zacks Research upgraded shares of Iron Mountain from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 12th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Iron Mountain currently has a consensus rating of "Moderate Buy" and a consensus target price of $135.17.

Iron Mountain Company 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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