Ieq Capital LLC Acquires New Holdings in Iron Mountain Incorporated $IRM

Key Points

• Ieq Capital acquired 97,425 Iron Mountain shares during the second quarter, valued at approximately $12.3 million. Several other institutional investors also initiated positions, with institutions collectively owning 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. Analysts maintain a “Moderate Buy” consensus with an average price target of $135.17.
• The company declared a quarterly dividend of $0.864 per share, equivalent to an annualized $3.46 dividend and a 2.8% yield. Meanwhile, insiders sold $15.8 million of shares during the last quarter under pre-arranged trading plans.

Ieq Capital LLC bought a new position in Iron Mountain Incorporated (NYSE:IRM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 97,425 shares of the financial services provider's stock, valued at approximately $12,306,000.

A number of other large investors have also recently added to or reduced their stakes in IRM. Callan Family Office LLC bought a new position in shares of Iron Mountain in the second quarter valued at approximately $1,142,000. Keebeck Wealth Management bought a new stake in shares of Iron Mountain during the 2nd quarter worth $359,000. Keating Financial Advisory Services Inc. acquired a new position in Iron Mountain in the 2nd quarter valued at $164,000. Allworth Financial LP acquired a new position in Iron Mountain in the 2nd quarter valued at $9,418,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new position in Iron Mountain during the 2nd quarter worth $4,322,000. Institutional investors own 80.13% of the company's stock.

Iron Mountain Stock Down 0.6%

IRM stock opened at $122.19 on Friday. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.68. The company has a market cap of $36.38 billion, a PE ratio of 87.28 and a beta of 1.20. The business's 50-day simple moving average is $124.52 and its 200 day simple moving average is $117.08.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate 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 in the prior year, the firm posted $1.24 EPS. The company'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 anticipate that Iron Mountain Incorporated will post 5.42 EPS for the current year.

Iron Mountain Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Weiss Ratings raised Iron Mountain from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. raised their target price on Iron Mountain from $121.00 to $138.00 and gave the company an "overweight" rating in a report on Friday, May 1st. Wells Fargo & Company upped their price target on Iron Mountain from $135.00 to $140.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. Truist Financial set a $140.00 target price on shares of Iron Mountain in a research report on Friday, May 1st. Finally, Wall Street Zen cut shares of Iron Mountain from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Iron Mountain currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.17.

Insiders Place Their Bets

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of the business's stock in a transaction on 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 $12,454,908.90. The trade was a 5.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the business's stock in a transaction 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 directly owned 38,474 shares in the company, valued at $4,681,131.58. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 127,422 shares of company stock worth $15,810,652 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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