MASTERINVEST Kapitalanlage GmbH Purchases New Position in Iron Mountain Incorporated $IRM

Key Points

• MASTERINVEST Kapitalanlage GmbH acquired 21,228 Iron Mountain shares worth approximately $2.68 million during the second quarter. Institutional investors and hedge funds now own 80.13% of the company.
• Analyst sentiment remains positive overall, with five Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $137.67, despite some recent downgrades.
• Iron Mountain exceeded quarterly expectations, reporting $0.60 in earnings per share and $2.03 billion in revenue, up 18.5% year over year. The company also announced a quarterly dividend of $0.864 per share, while insiders have sold $15.8 million of stock over the past 90 days.

MASTERINVEST Kapitalanlage GmbH acquired a new position in Iron Mountain Incorporated (NYSE:IRM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,228 shares of the financial services provider's stock, valued at approximately $2,681,000.

A number of other institutional investors have also recently added to or reduced their stakes in IRM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 lifted its stake in shares of 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 purchasing an additional 537 shares during the last quarter. Woodline Partners LP boosted its holdings in Iron Mountain by 41.0% in the first quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider's stock worth $2,129,000 after purchasing an additional 7,193 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Iron Mountain by 29.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the financial services provider's stock worth $136,000 after buying an additional 300 shares during the last quarter. Finally, Cerity Partners LLC increased its position in Iron Mountain by 3.6% during the second quarter. Cerity Partners LLC now owns 35,292 shares of the financial services provider's stock worth $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 and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on IRM shares. Wells Fargo & Company raised their target price on Iron Mountain from $135.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Weiss Ratings downgraded Iron Mountain from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday. Wall Street Zen lowered Iron Mountain from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Truist Financial raised their price objective on Iron Mountain from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Zacks Research upgraded Iron Mountain from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 12th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $137.67.

Insider Activity at Iron Mountain

In other news, CEO William L. Meaney sold 38,474 shares of the company's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $121.67, for a total transaction of $4,681,131.58. Following the completion of the transaction, the chief executive officer directly owned 38,474 shares in the company, valued at $4,681,131.58. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 101,507 shares of the company's stock, valued at $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 90 days, insiders have sold 127,422 shares of company stock valued at $15,810,652. 1.70% of the stock is owned by corporate insiders.

Iron Mountain Trading Up 1.1%

NYSE:IRM opened at $122.72 on Friday. The firm has a market capitalization of $36.53 billion, a PE ratio of 87.66 and a beta of 1.20. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.68. The firm's fifty day simple moving average is $124.09 and its 200 day simple moving average is $118.14.

Iron Mountain (NYSE:IRM - Get Free Report) last released its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.06. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the previous year, the business earned $1.24 EPS. The business's revenue 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. As a group, analysts anticipate that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The firm 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. The ex-dividend date is Tuesday, September 15th. This represents a $3.46 annualized dividend and a yield of 2.8%. Iron Mountain's dividend payout ratio is presently 247.14%.

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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