Teacher Retirement System of Texas Buys 295,333 Shares of Iron Mountain Incorporated $IRM

Key Points

• Teacher Retirement System of Texas increased its stake in Iron Mountain by 764.4% in Q4, buying an additional 295,333 shares to hold 333,971 shares (about 0.11%) valued at roughly $27.7 million.
• Insiders sold 451,648 shares (≈$48.3M) over the last quarter — including sales by Director Jennifer Allerton and EVP Mark Kidd — while institutional investors collectively own 80.13% of the stock.
• Analyst coverage is mixed but the consensus is a "Moderate Buy" with a consensus price target of $124.60, though ratings range from Zacks' "strong sell" to Wells Fargo's $135 overweight target.

Teacher Retirement System of Texas grew its stake in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 764.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 333,971 shares of the financial services provider's stock after acquiring an additional 295,333 shares during the period. Teacher Retirement System of Texas owned about 0.11% of Iron Mountain worth $27,703,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quent Capital LLC bought a new stake in shares of Iron Mountain during the third quarter valued at approximately $27,000. Johnson Financial Group Inc. purchased a new position in Iron Mountain during the third quarter valued at approximately $32,000. Franchise GP Ltd purchased a new position in Iron Mountain during the fourth quarter valued at approximately $38,000. Wealth Watch Advisors INC purchased a new position in Iron Mountain during the third quarter valued at approximately $44,000. Finally, Global Wealth Strategies & Associates acquired a new stake in Iron Mountain in the fourth quarter valued at approximately $50,000. Institutional investors own 80.13% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on IRM. Zacks Research downgraded shares of Iron Mountain from a "hold" rating to a "strong sell" rating in a research note on Monday, April 13th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Iron Mountain in a report on Tuesday. Loop Capital set a $130.00 price target on shares of Iron Mountain in a report on Wednesday, March 4th. Wells Fargo & Company raised their price target on shares of Iron Mountain from $125.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Barclays increased their price objective on shares of Iron Mountain from $126.00 to $127.00 and gave the stock an "overweight" rating in a research note on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $124.60.

Insider Buying and Selling

In other news, Director Jennifer Allerton sold 7,000 shares of the firm's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $108.88, for a total transaction of $762,160.00. Following the sale, the director owned 11,541 shares of the company's stock, valued at approximately $1,256,584.08. This trade represents a 37.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Kidd sold 6,000 shares of the firm's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $102.71, for a total value of $616,260.00. Following the sale, the executive vice president directly owned 125,507 shares in the company, valued at $12,890,823.97. This trade represents a 4.56% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 451,648 shares of company stock worth $48,297,449. 1.70% of the stock is owned by corporate insiders.

Iron Mountain Trading Down 0.8%

Shares of IRM stock opened at $116.24 on Friday. The company's 50-day moving average price is $107.94 and its 200-day moving average price is $97.86. The stock has a market cap of $34.58 billion, a price-to-earnings ratio of 242.16 and a beta of 1.13. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $121.00.

Iron Mountain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Monday, March 16th were issued a $0.864 dividend. This represents a $3.46 annualized dividend and a yield of 3.0%. The ex-dividend date was Monday, March 16th. Iron Mountain's payout ratio is 720.83%.

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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