Osmosis Investment Management UK Ltd acquired a new stake in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,143 shares of the financial services provider's stock, valued at approximately $2,418,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Iron Mountain during the 2nd quarter worth $4,240,342,000. Norges Bank acquired a new stake in Iron Mountain in the fourth quarter valued at about $368,890,000. Cohen & Steers Inc. boosted its stake in Iron Mountain by 20.0% in the fourth quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider's stock valued at $1,568,110,000 after buying an additional 3,155,034 shares in the last quarter. Deutsche Bank AG bought a new position in Iron Mountain in the second quarter valued at about $385,129,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Iron Mountain by 597.9% in the third 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 acquiring an additional 2,708,560 shares during the last quarter. 80.13% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the stock. Weiss Ratings raised shares of Iron Mountain from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Barclays upped their price objective on shares of Iron Mountain from $127.00 to $143.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 1st. Truist Financial set a $140.00 price objective on shares of Iron Mountain in a research note on Friday, May 1st. Zacks Research upgraded shares of Iron Mountain from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen cut shares of Iron Mountain from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $135.17.
Read Our Latest Stock Analysis on IRM
Iron Mountain Trading Up 0.1%
Shares of IRM stock opened at $122.19 on Monday. The firm has a market capitalization of $36.38 billion, a price-to-earnings ratio of 87.28 and a beta of 1.20. The business's 50-day moving average price is $124.52 and its 200-day moving average price is $117.27. Iron Mountain Incorporated has a 12 month low of $77.77 and a 12 month high of $134.68.
Iron Mountain (NYSE:IRM - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.06. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.97 billion. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The firm's revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.24 earnings per share. 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 Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th will be given a $0.864 dividend. This represents a $3.46 annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, September 15th. Iron Mountain's dividend payout ratio is 247.14%.
Insider Buying and Selling 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 transaction of $736,200.00. Following the completion of the transaction, the executive vice president directly owned 101,507 shares of the company's stock, valued at $12,454,908.90. This trade represents a 5.58% decrease in their position. The sale was disclosed in a document filed 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 38,474 shares of the company's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $121.67, for a total value of $4,681,131.58. Following the completion of the sale, the chief executive officer owned 38,474 shares in the company, valued at $4,681,131.58. This trade 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 have sold 127,422 shares of company stock valued at $15,810,652 in the last ninety days. Insiders own 1.70% of the company's stock.
About Iron Mountain
(
Free Report)
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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