Intact Investment Management Inc. Purchases 36,400 Shares of Iron Mountain Incorporated $IRM

Key Points

• Intact Investment Management doubled its stake in Iron Mountain by buying 36,400 shares, bringing its holding to 71,600 shares valued at about $5.94 million amid overall institutional ownership of ~80.1%.
• Q1 beat and guidance raise: Iron Mountain reported EPS $1.43 (vs. $0.50 est.) and revenue up ~21.5%, raised Q2 and FY2026 guidance and cited AI/data-center demand, prompting several analyst price-target upgrades (JPMorgan to $138).
• Despite the positive results and dividend declaration ($0.864 quarterly, ~2.7% yield), insiders sold heavily last quarter (451,648 shares worth ~$48.3M) and now own about 1.7% of the stock, which may concern some investors.

Intact Investment Management Inc. grew its position in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 103.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,600 shares of the financial services provider's stock after acquiring an additional 36,400 shares during the period. Intact Investment Management Inc.'s holdings in Iron Mountain were worth $5,939,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Strs Ohio raised its stake in shares of Iron Mountain by 60.8% in the fourth quarter. Strs Ohio now owns 414,128 shares of the financial services provider's stock valued at $34,352,000 after acquiring an additional 156,613 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Iron Mountain in the fourth quarter valued at approximately $5,291,000. Horizon Investments LLC increased its holdings in shares of Iron Mountain by 3.2% in the fourth quarter. Horizon Investments LLC now owns 4,680 shares of the financial services provider's stock valued at $388,000 after purchasing an additional 144 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Iron Mountain by 2.8% in the fourth quarter. Fifth Third Bancorp now owns 22,790 shares of the financial services provider's stock valued at $1,890,000 after purchasing an additional 628 shares in the last quarter. Finally, Danske Bank A S increased its holdings in shares of Iron Mountain by 8.9% in the fourth quarter. Danske Bank A S now owns 162,462 shares of the financial services provider's stock valued at $13,476,000 after purchasing an additional 13,300 shares in the last quarter. Institutional investors own 80.13% of the company's stock.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, EVP Mithu Bhargava sold 59,725 shares of Iron Mountain stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $104.62, for a total transaction of $6,248,429.50. Following the completion of the sale, the executive vice president owned 16,054 shares of the company's stock, valued at approximately $1,679,569.48. The trade was a 78.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William L. Meaney sold 38,474 shares of Iron Mountain stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $102.71, for a total transaction of $3,951,664.54. Following the sale, the chief executive officer directly owned 38,474 shares of the company's stock, valued at $3,951,664.54. 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. Insiders sold a total of 451,648 shares of company stock worth $48,297,449 over the last quarter. 1.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on IRM. JPMorgan Chase & Co. raised their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the company an "overweight" rating in a report on Friday. Zacks Research lowered shares of Iron Mountain from a "hold" rating to a "strong sell" rating in a report on Monday, April 13th. Wells Fargo & Company raised their price target on shares of Iron Mountain from $125.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, April 21st. Weiss Ratings reissued a "hold (c)" rating on shares of Iron Mountain in a report on Tuesday, April 21st. Finally, Barclays raised their price target on shares of Iron Mountain from $126.00 to $127.00 and gave the company an "overweight" rating in a report on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $131.67.

Iron Mountain Stock Performance

IRM opened at $127.09 on Monday. The company has a fifty day moving average price of $108.73 and a two-hundred day moving average price of $98.19. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week high of $127.94. The firm has a market capitalization of $37.81 billion, a PE ratio of 139.66 and a beta of 1.20.

Iron Mountain (NYSE:IRM - Get Free Report) last released its earnings results on Thursday, April 30th. The financial services provider reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.93. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the business earned $1.17 EPS. The business's quarterly revenue was up 21.5% compared to the same quarter last year. 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. Equities analysts forecast that Iron Mountain Incorporated will post 5.26 EPS for the current year.

Iron Mountain Dividend Announcement

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

Iron Mountain News Summary

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.

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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