Stevens Capital Management LP Purchases New Shares in Iron Mountain Incorporated $IRM

Key Points

• Stevens Capital Management LP opened a new position in Iron Mountain, buying 15,214 shares valued at about $1.26 million in the fourth quarter, and institutional investors now own roughly 80.13% of the stock.
• Company insiders have been net sellers recently — EVP Mithu Bhargava sold 59,725 shares (~$6.25M) and insiders disposed of 451,648 shares worth $48.3M in the past 90 days, leaving insiders with about 1.70% ownership.
• Iron Mountain beat Q1 estimates with $1.43 EPS and $1.94B revenue (up 21.5% YoY), set Q2 EPS guidance at 1.40 and FY2026 at 5.79–5.86, and announced a $0.864 quarterly dividend (annualized $3.46, ~2.6% yield) despite a high payout ratio (~380%).

Stevens Capital Management LP purchased a new position in Iron Mountain Incorporated (NYSE:IRM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 15,214 shares of the financial services provider's stock, valued at approximately $1,262,000.

Other hedge funds also recently bought and sold shares of the company. Koshinski Asset Management Inc. increased its position in shares of Iron Mountain by 2.0% in the third quarter. Koshinski Asset Management Inc. now owns 5,108 shares of the financial services provider's stock worth $521,000 after acquiring an additional 98 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its position in shares of Iron Mountain by 3.6% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 2,929 shares of the financial services provider's stock valued at $310,000 after acquiring an additional 103 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in Iron Mountain by 1.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 7,506 shares of the financial services provider's stock worth $765,000 after purchasing an additional 121 shares during the period. Personal CFO Solutions LLC grew its position in Iron Mountain by 5.3% during the 3rd quarter. Personal CFO Solutions LLC now owns 2,450 shares of the financial services provider's stock worth $250,000 after purchasing an additional 124 shares in the last quarter. Finally, Seelaus Asset Management LLC raised its stake in Iron Mountain by 4.5% during the 3rd quarter. Seelaus Asset Management LLC now owns 2,900 shares of the financial services provider's stock valued at $296,000 after purchasing an additional 125 shares during the period. 80.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, EVP Mithu Bhargava sold 59,725 shares of the business's stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $104.62, for a total value of $6,248,429.50. Following the completion of the sale, the executive vice president directly owned 16,054 shares of the company's stock, valued at $1,679,569.48. The trade was a 78.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jennifer Allerton sold 7,000 shares of the firm's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $108.88, for a total transaction of $762,160.00. Following the transaction, the director owned 11,541 shares in the company, valued at $1,256,584.08. This represents a 37.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 451,648 shares of company stock worth $48,297,449 in the last ninety days. Insiders own 1.70% of the company's stock.

Iron Mountain Trading Up 2.8%

Shares of NYSE:IRM opened at $131.76 on Wednesday. The firm has a market cap of $39.20 billion, a price-to-earnings ratio of 144.79 and a beta of 1.20. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $131.83. The business has a fifty day simple moving average of $109.16 and a 200 day simple moving average of $98.37.

Iron Mountain (NYSE:IRM - Get Free Report) last issued its earnings results on Thursday, April 30th. The financial services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.93. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the firm posted $1.17 EPS. The business's revenue was up 21.5% compared to the same quarter last year. 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, sell-side analysts forecast that Iron Mountain Incorporated will post 5.26 EPS for the current year.

Iron Mountain Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on IRM. JPMorgan Chase & Co. lifted their price target on Iron Mountain from $121.00 to $138.00 and gave the company an "overweight" rating in a report on Friday, May 1st. Truist Financial set a $140.00 price objective on Iron Mountain in a research report on Friday. Wells Fargo & Company lifted their target price on Iron Mountain from $125.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday, April 21st. Barclays upped their target price on Iron Mountain from $126.00 to $127.00 and gave the company an "overweight" rating in a report on Monday, February 23rd. Finally, Zacks Research cut shares of Iron Mountain from a "hold" rating to a "strong sell" rating in a report on Monday, April 13th. Four equities 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 company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $131.67.

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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