QRG Capital Management Inc. Reduces Holdings in Iron Mountain Incorporated $IRM

Key Points

• QRG Capital Management cut its stake in Iron Mountain by 19.8% in Q4, selling 12,553 shares and leaving it with 50,921 shares valued at $4.224M; institutional investors now own 80.13% of the stock.
• Iron Mountain beat expectations in Q1 with EPS of $1.43 (vs. $0.50 est.) and revenue of $1.94B (+21.5% YoY), and set Q2 2026 guidance at 1.400 and FY2026 guidance at 5.79–5.86 EPS.
• The company declared a quarterly dividend of $0.864 (annualized $3.46, ~2.6% yield; payout ratio ~380%), even as insiders sold about 451,648 shares (~$48.3M) in the past three months.

QRG Capital Management Inc. lowered its position in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 19.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 50,921 shares of the financial services provider's stock after selling 12,553 shares during the period. QRG Capital Management Inc.'s holdings in Iron Mountain were worth $4,224,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 worth $2,573,000 after purchasing an additional 1,286 shares during the last quarter. Empowered Funds LLC lifted its position in Iron Mountain by 10.3% during the first quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider's stock worth $493,000 after buying an additional 537 shares in the last quarter. Woodline Partners LP boosted its stake in Iron Mountain by 41.0% during the first quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider's stock worth $2,129,000 after buying an additional 7,193 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Iron Mountain by 29.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the financial services provider's stock valued at $136,000 after buying an additional 300 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in Iron Mountain by 3.6% in the 2nd quarter. Cerity Partners LLC now owns 35,292 shares of the financial services provider's stock valued at $3,620,000 after buying an additional 1,222 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company's stock.

Iron Mountain Stock Up 0.3%

NYSE:IRM opened at $132.07 on Thursday. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week high of $134.09. The company has a fifty day simple moving average of $109.58 and a two-hundred day simple moving average of $98.56. The company has a market cap of $39.29 billion, a price-to-earnings ratio of 145.13 and a beta of 1.20.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.43 EPS for the quarter, topping the consensus estimate of $0.50 by $0.93. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter in the previous year, the business posted $1.17 EPS. The firm's revenue 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, analysts expect that Iron Mountain Incorporated will post 5.35 EPS for the current year.

Iron Mountain Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Monday, June 15th will be issued a $0.864 dividend. This represents a $3.46 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. Iron Mountain's dividend payout ratio is presently 380.22%.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, EVP Mithu Bhargava sold 59,725 shares of Iron Mountain stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $104.62, for a total value of $6,248,429.50. Following the transaction, the executive vice president directly owned 16,054 shares in the company, valued at approximately $1,679,569.48. This trade represents a 78.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Kidd sold 6,000 shares of the business's stock in a transaction on Wednesday, April 1st. The shares were 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 directly owned 125,507 shares in the company, valued at $12,890,823.97. This represents a 4.56% 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 three months, insiders have sold 451,648 shares of company stock valued at $48,297,449. 1.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Iron Mountain from $125.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, April 21st. Weiss Ratings reiterated a "hold (c)" rating on shares of Iron Mountain in a report on Tuesday, April 21st. JPMorgan Chase & Co. raised their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Truist Financial set a $140.00 price objective on Iron Mountain in a report on Friday, May 1st. Finally, Loop Capital set a $130.00 price objective on Iron Mountain in a research report on Wednesday, March 4th. Four 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $131.67.

Iron Mountain Company 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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