VIRGINIA RETIREMENT SYSTEMS ET Al Takes $55.80 Million Position in Iron Mountain Incorporated $IRM

Key Points

• Virginia Retirement Systems acquired 441,803 Iron Mountain shares worth approximately $55.8 million, representing 0.15% of the company. Institutional investors collectively own 80.13% of IRM.
• Analyst sentiment remains positive, with an average rating of “Moderate Buy” and a $137.67 price target, despite some recent downgrades to “Hold.”
• Iron Mountain exceeded quarterly earnings and revenue expectations, reporting $0.60 EPS and $2.03 billion in revenue, up 18.5% year over year. The company also declared a quarterly dividend of $0.864 per share, a 3.0% annualized yield.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Iron Mountain Incorporated (NYSE:IRM - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 441,803 shares of the financial services provider's stock, valued at approximately $55,804,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.15% of Iron Mountain at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of IRM. 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 valued at $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 worth $493,000 after acquiring an additional 537 shares during the period. Woodline Partners LP increased its holdings in Iron Mountain by 41.0% in the 1st quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider's stock worth $2,129,000 after acquiring an additional 7,193 shares during the last quarter. 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 during the last quarter. Finally, Cerity Partners LLC raised its stake 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 acquiring an additional 1,222 shares during the period. Hedge funds and other institutional investors own 80.13% of the company's stock.

Analyst Upgrades and Downgrades

IRM has been the subject of a number of research reports. Wells Fargo & Company increased their target price on shares of Iron Mountain from $135.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, August 6th. Weiss Ratings cut shares of Iron Mountain from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 25th. Barclays raised their price objective on shares of Iron Mountain from $127.00 to $143.00 and gave the stock an "overweight" rating in a report on Wednesday, July 1st. Truist Financial lifted their price objective on shares of Iron Mountain from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday, August 27th. Finally, Wall Street Zen downgraded Iron Mountain from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $137.67.

Iron Mountain Stock Down 0.0%

IRM stock opened at $116.81 on Monday. The stock has a 50-day simple moving average of $122.18 and a two-hundred day simple moving average of $118.63. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.68. The firm has a market capitalization of $34.77 billion, a PE ratio of 83.44 and a beta of 1.18.

Iron Mountain (NYSE:IRM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.54 by $0.06. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The company had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter in the previous year, the company earned $1.24 earnings per share. Iron Mountain's revenue for the quarter was up 18.5% on a year-over-year basis. 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. On average, equities research analysts anticipate that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 15th will be given 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 is Tuesday, September 15th. Iron Mountain's dividend payout ratio (DPR) is 247.14%.

Insider Buying and Selling

In other Iron Mountain news, EVP Greg McIntosh sold 5,000 shares of the company's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $115.60, for a total value of $578,000.00. Following the transaction, the executive vice president directly owned 75,634 shares in the company, valued at $8,743,290.40. This represents a 6.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $115.60, for a total transaction of $693,600.00. Following the completion of the transaction, the executive vice president owned 95,507 shares in the company, valued at approximately $11,040,609.20. This trade represents a 5.91% 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. Over the last quarter, insiders have sold 132,422 shares of company stock worth $15,803,807. Corporate insiders own 1.70% of the company's stock.

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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