Nykredit A S Invests $15 Million in Iron Mountain Incorporated $IRM

Key Points

• Nykredit A/S purchased 118,721 Iron Mountain shares in the second quarter, valued at approximately $15 million. Institutional investors collectively own 80.13% of the company.
• Analyst sentiment remains favorable, with five Buy ratings and two Hold ratings, producing a “Moderate Buy” consensus and an average price target of $137.67. Recent targets range as high as $155.
• Iron Mountain exceeded quarterly expectations, reporting $2.03 billion in revenue and $0.60 earnings per share, while revenue increased 18.5% year over year. The company also announced a quarterly dividend of $0.864 per share, representing an annualized yield of about 3%.

Nykredit A S purchased a new stake in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 118,721 shares of the financial services provider's stock, valued at approximately $14,996,000.

A number of other hedge funds also recently added to or reduced their stakes in IRM. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Iron Mountain in the 4th quarter worth approximately $25,000. Bell Investment Advisors Inc purchased a new position in Iron Mountain during the second quarter valued at approximately $26,000. Meeder Asset Management Inc. bought a new position in Iron Mountain in the second quarter worth approximately $27,000. Beaird Harris Wealth Management LLC lifted its holdings in Iron Mountain by 17,500.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider's stock worth $29,000 after buying an additional 350 shares during the period. Finally, Dynamic Wealth Strategies LLC bought a new stake in Iron Mountain during the 1st quarter valued at $31,000. 80.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IRM has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Iron Mountain from $135.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, August 6th. Barclays raised their price objective on Iron Mountain from $127.00 to $143.00 and gave the company an "overweight" rating in a research report on Wednesday, July 1st. Zacks Research upgraded shares of Iron Mountain from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 12th. Weiss Ratings cut shares of Iron Mountain from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 25th. Finally, Truist Financial boosted their price objective on shares of Iron Mountain from $140.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday, August 27th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Iron Mountain presently has a consensus rating of "Moderate Buy" and a consensus target price of $137.67.

Iron Mountain Stock Performance

Shares of NYSE IRM opened at $116.81 on Friday. Iron Mountain Incorporated has a fifty-two week low of $77.77 and a fifty-two week high of $134.68. The company has a market cap of $34.77 billion, a PE ratio of 83.44 and a beta of 1.18. The business has a 50-day simple moving average of $122.18 and a two-hundred day simple moving average of $118.56.

Iron Mountain (NYSE:IRM - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.97 billion. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. Iron Mountain's revenue was up 18.5% on a year-over-year basis. During the same period last year, the firm posted $1.24 EPS. 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, sell-side analysts predict that Iron Mountain Incorporated will post 5.42 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, October 2nd. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.864 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.0%. Iron Mountain's payout ratio is 247.14%.

Insider Activity at Iron Mountain

In related news, EVP Mark Kidd sold 6,000 shares of the firm's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $122.70, for a total value of $736,200.00. Following the completion of the transaction, the executive vice president owned 101,507 shares in the company, valued at $12,454,908.90. This trade represents a 5.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Greg McIntosh sold 5,000 shares of the business's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $115.60, for a total value of $578,000.00. Following the sale, the executive vice president owned 75,634 shares in the company, valued at approximately $8,743,290.40. The trade was a 6.20% 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 have sold a total of 132,422 shares of company stock valued at $15,803,807 in the last ninety days. Company 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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