EP Wealth Advisors LLC purchased a new position in Iron Mountain Incorporated (NYSE:IRM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,861 shares of the financial services provider's stock, valued at approximately $1,498,000.
Several other institutional investors and hedge funds have also bought and sold shares of IRM. Oregon Public Employees Retirement Fund raised its stake in Iron Mountain by 0.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 33,889 shares of the financial services provider's stock valued at $3,461,000 after buying an additional 100 shares during the last quarter. Rothschild Investment LLC increased its stake in Iron Mountain by 15.4% during the 4th quarter. Rothschild Investment LLC now owns 780 shares of the financial services provider's stock valued at $65,000 after purchasing an additional 104 shares in the last quarter. Meeder Advisory Services Inc. raised its holdings in Iron Mountain by 2.9% in the first quarter. Meeder Advisory Services Inc. now owns 3,741 shares of the financial services provider's stock worth $382,000 after buying an additional 107 shares during the last quarter. Corrado Advisors LLC raised its holdings in Iron Mountain by 0.6% in the fourth quarter. Corrado Advisors LLC now owns 19,856 shares of the financial services provider's stock worth $1,647,000 after buying an additional 110 shares during the last quarter. Finally, Essential Partners LLC lifted its stake in shares of 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 in the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.
Iron Mountain Trading Up 0.1%
Shares of IRM stock opened at $122.19 on Monday. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.68. The stock has a market capitalization of $36.38 billion, a P/E ratio of 87.28 and a beta of 1.20. The firm's 50 day moving average is $124.52 and its 200 day moving average is $117.27.
Iron Mountain (NYSE:IRM - Get Free Report) last announced its earnings results 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 business 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 company's quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the business earned $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. As a group, equities analysts predict that Iron Mountain Incorporated will post 5.42 earnings per share for the current 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 issued a $0.864 dividend. 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 dividend payout ratio is currently 247.14%.
Insider Transactions at Iron Mountain
In other Iron Mountain news, CEO William L. Meaney sold 38,474 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $4,681,131.58. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $736,200.00. Following the sale, the executive vice president owned 101,507 shares of the company's stock, valued at approximately $12,454,908.90. This represents a 5.58% 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. In the last three months, insiders sold 127,422 shares of company stock worth $15,810,652. 1.70% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on IRM shares. Truist Financial set a $140.00 price target on shares of Iron Mountain in a research report on Friday, May 1st. Weiss Ratings upgraded Iron Mountain from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. lifted 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. Barclays boosted their price target on Iron Mountain from $127.00 to $143.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 1st. Finally, Wall Street Zen cut Iron Mountain from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $135.17.
View Our Latest Report on Iron Mountain
Iron Mountain Company Profile
(
Free Report)
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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