M&T Bank Corp Has $6.93 Million Position in Iron Mountain Incorporated $IRM

Key Points

• M&T Bank Corp boosted its stake in Iron Mountain by 41.9% in Q4 to 83,551 shares, now worth about $6.93 million.
• Company insiders have been net sellers: CEO William Meaney sold 38,474 shares (a 50% drop in his holding) under a Rule 10b5-1 plan, and insiders sold 451,648 shares worth roughly $48.3 million over the past 90 days.
• Iron Mountain beat Q1 estimates with $1.43 EPS (vs. $0.50 expected) and revenue of $1.94B, set FY2026 guidance around 5.79–5.86 EPS, and announced a quarterly dividend of $0.864 (≈2.6% yield) despite a very high payout ratio (~380%).

M&T Bank Corp increased its stake in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 41.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,551 shares of the financial services provider's stock after purchasing an additional 24,690 shares during the quarter. M&T Bank Corp's holdings in Iron Mountain were worth $6,931,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Iron Mountain by 0.4% during the third quarter. Vanguard Group Inc. now owns 47,253,100 shares of the financial services provider's stock worth $4,816,981,000 after purchasing an additional 188,213 shares during the period. State Street Corp boosted its holdings in shares of Iron Mountain by 1.9% during the third quarter. State Street Corp now owns 17,131,787 shares of the financial services provider's stock worth $1,759,494,000 after purchasing an additional 322,144 shares during the period. Invesco Ltd. grew its stake in shares of Iron Mountain by 18.1% in the 3rd quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider's stock valued at $516,481,000 after buying an additional 776,933 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Iron Mountain by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,348,039 shares of the financial services provider's stock valued at $443,222,000 after buying an additional 55,273 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Iron Mountain by 597.9% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,161,589 shares of the financial services provider's stock valued at $322,292,000 after buying an additional 2,708,560 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Iron Mountain news, CEO William L. Meaney sold 38,474 shares of the company'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 $3,951,664.54. Following the completion of the sale, the chief executive officer owned 38,474 shares of the company's stock, valued at $3,951,664.54. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer Allerton sold 7,000 shares of the company's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $108.88, for a total value of $762,160.00. Following the sale, the director directly owned 11,541 shares of the company's stock, valued at $1,256,584.08. The trade was a 37.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 451,648 shares of company stock worth $48,297,449 over the last ninety days. Company insiders own 1.70% of the company's stock.

Analyst Ratings Changes

IRM has been the subject of several recent research reports. Truist Financial set a $140.00 price target on Iron Mountain in a research note on Friday. Loop Capital set a $130.00 price target on Iron Mountain in a research note on Wednesday, March 4th. Weiss Ratings reissued a "hold (c)" rating on shares of Iron Mountain in a research note on Tuesday, April 21st. JPMorgan Chase & Co. boosted their price target on Iron Mountain from $121.00 to $138.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. Finally, Zacks Research cut Iron Mountain from a "hold" rating to a "strong sell" rating in a research note on Monday, April 13th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Iron Mountain presently has an average rating of "Moderate Buy" and an average target price of $131.67.

Iron Mountain Stock Up 2.8%

Shares of Iron Mountain stock opened at $131.76 on Wednesday. The stock has a market capitalization of $39.20 billion, a P/E ratio of 144.79 and a beta of 1.20. The stock has a 50 day moving average price of $109.16 and a two-hundred day moving average price of $98.37. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $131.83.

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

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Monday, June 15th will be given a dividend of $0.864 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.6%. Iron Mountain's dividend payout ratio is presently 380.22%.

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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