Mitsubishi UFJ Asset Management Co. Ltd. Acquires 37,254 Shares of Iron Mountain Incorporated $IRM

Key Points

• Mitsubishi UFJ Asset Management increased its stake in Iron Mountain by 4.6%, buying 37,254 shares to hold 839,566 shares worth about $69.9 million (0.28% of the company) at quarter-end.
• Iron Mountain beat Q1 estimates with $1.43 EPS (vs. $0.50 expected) and $1.94 billion revenue (up 21.5% YoY), and issued FY2026 guidance of roughly 5.79–5.86 EPS.
• The company declared a quarterly dividend of $0.864 ($3.46 annualized, ~2.7% yield) despite a very high dividend payout ratio of 380.22%, and insiders sold 451,648 shares (~$48.3 million) in the past 90 days.

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 839,566 shares of the financial services provider's stock after purchasing an additional 37,254 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.28% of Iron Mountain worth $69,885,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Intact Investment Management Inc. bought a new position in Iron Mountain during the 3rd quarter valued at approximately $3,588,000. NewSquare Capital LLC raised its position in shares of Iron Mountain by 4,867.6% in the 3rd quarter. NewSquare Capital LLC now owns 11,823 shares of the financial services provider's stock worth $1,205,000 after acquiring an additional 11,585 shares in the last quarter. Fieldview Capital Management LLC bought a new position in shares of Iron Mountain in the 3rd quarter worth approximately $3,092,000. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Iron Mountain by 17.2% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 103,960 shares of the financial services provider's stock worth $10,598,000 after acquiring an additional 15,225 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its position in shares of Iron Mountain by 54.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 33,596 shares of the financial services provider's stock worth $3,425,000 after acquiring an additional 11,893 shares in the last quarter. Institutional investors own 80.13% of the company's stock.

Iron Mountain Stock Down 4.2%

IRM stock opened at $126.49 on Friday. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.09. The firm has a market cap of $37.63 billion, a PE ratio of 139.00 and a beta of 1.20. The business has a 50 day moving average of $109.85 and a 200 day moving average of $98.71.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.93. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the company earned $1.17 EPS. The firm's revenue for the quarter was up 21.5% on a year-over-year basis. 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. On average, research analysts expect that Iron Mountain Incorporated will post 5.4 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Monday, June 15th will be given 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 dividend payout ratio (DPR) is 380.22%.

Insider Buying and Selling

In related news, EVP Mark Kidd sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $102.71, for a total transaction of $616,260.00. Following the completion of the transaction, the executive vice president owned 125,507 shares of the company's stock, valued at $12,890,823.97. This trade represents a 4.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 137,133 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $109.39, for a total value of $15,000,978.87. Following the sale, the chief executive officer owned 295,975 shares in the company, valued at approximately $32,376,705.25. This represents a 31.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 451,648 shares of company stock worth $48,297,449 in the last 90 days. Corporate insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Truist Financial set a $140.00 target price on Iron Mountain in a research report on Friday, May 1st. Zacks Research lowered Iron Mountain from a "hold" rating to a "strong sell" rating in a research report on Monday, April 13th. Loop Capital set a $130.00 target price on Iron Mountain in a research report on Wednesday, March 4th. Finally, Wells Fargo & Company increased their target price on Iron Mountain from $125.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Iron Mountain has an average rating of "Moderate Buy" and an average price target of $131.67.

About Iron Mountain

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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