Raiffeisen Bank International AG Has $7.13 Million Holdings in Iron Mountain Incorporated $IRM

Key Points

• Raiffeisen Bank International AG reduced its Iron Mountain stake by 37.4% during the second quarter, selling 32,765 shares and retaining 54,892 shares valued at approximately $7.13 million. Institutional investors collectively own 80.13% of IRM.
• Iron Mountain reported quarterly revenue of $2.03 billion, up 18.5% year over year, while EPS of $0.60 exceeded analyst expectations of $0.54. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $137.67.
• Insiders sold 132,422 shares worth about $15.8 million over the past three months under pre-arranged Rule 10b5-1 plans. The company also declared a quarterly dividend of $0.864 per share, implying a roughly 3.0% annual yield.

Raiffeisen Bank International AG lessened its holdings in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 37.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,892 shares of the financial services provider's stock after selling 32,765 shares during the period. Raiffeisen Bank International AG's holdings in Iron Mountain were worth $7,134,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Iron Mountain during the 2nd quarter valued at approximately $4,240,342,000. Norges Bank acquired a new stake in Iron Mountain in the fourth quarter valued at approximately $368,890,000. Legal & General Group Plc bought a new stake in shares of Iron Mountain during the second quarter worth $409,843,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Iron Mountain by 29,674.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,193,560 shares of the financial services provider's stock worth $403,379,000 after buying an additional 3,182,834 shares during the last quarter. Finally, Cohen & Steers Inc. increased its holdings in shares of Iron Mountain by 20.0% during the fourth quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider's stock worth $1,568,110,000 after buying an additional 3,155,034 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company's stock.

Insider Activity

In other news, CEO William Meaney sold 38,474 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $114.08, for a total transaction of $4,389,113.92. Following the completion of the sale, the chief executive officer directly owned 38,474 shares in the company, valued at $4,389,113.92. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Greg McIntosh sold 5,000 shares of Iron Mountain stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $115.60, for a total transaction of $578,000.00. Following the transaction, the executive vice president directly owned 75,634 shares of the company's stock, valued at $8,743,290.40. This represents 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. In the last three months, insiders have sold 132,422 shares of company stock valued at $15,803,807. 1.70% of the stock is currently owned by insiders.

Iron Mountain Trading Up 3.1%

Shares of IRM stock opened at $115.32 on Friday. Iron Mountain Incorporated has a 1-year low of $77.77 and a 1-year high of $134.68. The stock has a market cap of $34.33 billion, a price-to-earnings ratio of 82.37 and a beta of 1.18. The stock has a 50-day moving average of $122.49 and a 200-day moving average of $118.58.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.06. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm earned $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. Sell-side analysts forecast that Iron Mountain Incorporated will post 5.42 earnings per share for the current year.

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be paid a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Iron Mountain's dividend payout ratio is currently 247.14%.

Trending Headlines about Iron Mountain

Here are the key news stories impacting Iron Mountain this week:

• Positive Sentiment: Iron Mountain announced a partnership with Saudi Arabia’s Social Development Bank to modernize document-intensive financing processes. The bank will use Iron Mountain InSight DXP’s AI-powered intelligent document processing, giving IRM a potential foothold for broader digital-services growth in the Middle East. Iron Mountain Middle East partnership
• Positive Sentiment: The Saudi agreement reinforces Iron Mountain’s transition beyond traditional records storage toward AI, digitization and information-management services. Investors may view the partnership as a catalyst for recurring technology revenue and expanded regional customer relationships. Iron Mountain AI digital partnership
• Positive Sentiment: Recent quarterly results showed revenue rising 18.5% year over year to $2.03 billion, while adjusted earnings per share of $0.60 exceeded the $0.54 consensus estimate. Management also raised full-year 2026 guidance, highlighting momentum in digital and data-center-related businesses. Iron Mountain earnings growth
• Neutral Sentiment: Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and an average price target of $137.67. However, most target changes followed the August earnings report and do not represent a new catalyst.
• Negative Sentiment: CEO William Meaney sold 38,474 shares, while EVPs Mark Kidd and Greg McIntosh sold 6,000 and 5,000 shares, respectively. The transactions were executed under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary bearish signals, but the concentration of insider selling could pressure investor confidence. Iron Mountain insider selling
• Negative Sentiment: Iron Mountain trades at a high earnings multiple, while its reported dividend payout ratio above 247% could raise questions about earnings-based coverage despite the approximately 3.1% yield.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Truist Financial increased their price target on Iron Mountain from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday, August 27th. Zacks Research raised Iron Mountain from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 12th. Wells Fargo & Company increased their target price on Iron Mountain from $135.00 to $140.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Wall Street Zen lowered Iron Mountain from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Finally, Barclays boosted their price target on Iron Mountain from $127.00 to $143.00 and gave the stock an "overweight" rating in a report on Wednesday, July 1st. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $137.67.

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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