Sanctuary Advisors LLC Takes Position in Iron Mountain Incorporated $IRM

Key Points

• Sanctuary Advisors LLC acquired 136,968 Iron Mountain shares in the second quarter, valued at approximately $17.3 million. Institutional investors collectively own 80.13% of the company.
• Iron Mountain reported quarterly revenue of $2.03 billion, up 18.5% year over year, and earnings per share of $0.60, exceeding the $0.54 consensus estimate.
• The company announced a quarterly dividend of $0.864 per share, representing an annualized dividend of $3.46 and a 2.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $135.17.

Sanctuary Advisors LLC acquired a new position in Iron Mountain Incorporated (NYSE:IRM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 136,968 shares of the financial services provider's stock, valued at approximately $17,300,000.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Iron Mountain by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider's stock worth $2,573,000 after buying an additional 1,286 shares during the period. Empowered Funds LLC grew its stake in shares of Iron Mountain by 10.3% during the 1st quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider's stock valued at $493,000 after acquiring an additional 537 shares during the period. Woodline Partners LP grew its stake in shares of Iron Mountain by 41.0% during the 1st quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider's stock valued at $2,129,000 after acquiring an additional 7,193 shares during the period. EverSource Wealth Advisors LLC increased 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 worth $136,000 after acquiring an additional 300 shares in the last quarter. Finally, Cerity Partners LLC increased 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 worth $3,620,000 after acquiring an additional 1,222 shares in the last quarter. 80.13% of the stock is owned by institutional investors.

Iron Mountain Trading Up 0.1%

Shares of IRM opened at $122.19 on Monday. The business's 50 day moving average is $124.52 and its 200 day moving average is $117.27. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.68. The company has a market capitalization of $36.38 billion, a PE ratio of 87.28 and a beta of 1.20.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.06. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the company posted $1.24 EPS. The firm's revenue for the quarter was up 18.5% compared to the same quarter last year. 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. Equities research analysts predict that Iron Mountain Incorporated will post 5.42 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, October 2nd. Investors of record on Tuesday, September 15th will be given a dividend of $0.864 per share. The ex-dividend date is Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.8%. Iron Mountain's dividend payout ratio is currently 247.14%.

Analysts Set New Price Targets

IRM has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of Iron Mountain from $135.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Weiss Ratings raised shares of Iron Mountain from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Wall Street Zen downgraded shares of Iron Mountain from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Zacks Research upgraded shares of Iron Mountain from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 12th. Finally, Truist Financial set a $140.00 target price on shares of Iron Mountain in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Iron Mountain has a consensus rating of "Moderate Buy" and a consensus price target of $135.17.

Insiders Place Their Bets

In related news, EVP Mark Kidd sold 6,000 shares of the firm's stock in a transaction on Friday, August 7th. The shares were 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 approximately $12,454,908.90. This trade represents a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of Iron Mountain stock in a transaction on Friday, August 7th. The shares were sold at an average price of $121.67, for a total transaction of $4,681,131.58. Following the completion of the sale, the chief executive officer owned 38,474 shares in the company, valued at approximately $4,681,131.58. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 127,422 shares of company stock valued at $15,810,652. 1.70% of the stock is owned by company insiders.

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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