Iron Mountain (NYSE:IRM) Sets New 12-Month High - Still a Buy?

Key Points

• Iron Mountain stock hit a new 52-week high (intraday high of $134.09, trading around $132) and carries a market cap of about $39.3B; the consensus rating is a Moderate Buy with recent price-target upgrades (Truist $140, JPMorgan $138, Wells Fargo $135).
• The company beat Q1 estimates with EPS of $1.43 vs. $0.50 expected and revenue of $1.94B (+21.5% YoY), and set guidance of Q2 EPS 1.40 and FY 2026 EPS 5.79–5.86.
• Iron Mountain declared a quarterly dividend of $0.864 (annualized $3.46, ~2.6% yield) despite a very high payout ratio (~380%), while insiders sold about 451,648 shares (~$48.3M) in the past quarter and now own only 1.7% of the stock.

Iron Mountain Incorporated (NYSE:IRM - Get Free Report)'s stock price reached a new 52-week high on Thursday . The company traded as high as $134.09 and last traded at $132.0710, with a volume of 1669783 shares. The stock had previously closed at $131.70.

Analyst Upgrades and Downgrades

IRM has been the subject of a number of recent research reports. Truist Financial set a $140.00 price target on Iron Mountain in a research report on Friday, May 1st. Loop Capital set a $130.00 price target on Iron Mountain in a research report on Wednesday, March 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Iron Mountain in a research report on Tuesday, April 21st. JPMorgan Chase & Co. upped their price target on Iron Mountain from $121.00 to $138.00 and gave the stock an "overweight" rating in a research report on Friday, May 1st. Finally, Wells Fargo & Company upped their price target on Iron Mountain from $125.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $131.67.

Iron Mountain Trading Up 0.3%

The company has a market cap of $39.29 billion, a P/E ratio of 145.13 and a beta of 1.20. The business has a 50 day moving average price of $109.58 and a 200-day moving average price of $98.56.

Iron Mountain (NYSE:IRM - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $1.86 billion. During the same quarter in the prior year, the business 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 expect that Iron Mountain Incorporated will post 5.35 earnings per share for the current year.

Iron Mountain Dividend Announcement

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

Insider Buying and Selling

In other news, Director Jennifer Allerton sold 7,000 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $1,256,584.08. This represents a 37.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mark Kidd sold 6,000 shares of the company's stock in a transaction that occurred on 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 owned 125,507 shares in the company, valued at approximately $12,890,823.97. This 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. In the last quarter, insiders have sold 451,648 shares of company stock worth $48,297,449. 1.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Iron Mountain

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Iron Mountain by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 47,253,100 shares of the financial services provider's stock valued at $4,816,981,000 after acquiring an additional 188,213 shares during the period. Cohen & Steers Inc. raised its stake in Iron Mountain by 20.0% in the 4th quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider's stock valued at $1,568,110,000 after acquiring an additional 3,155,034 shares during the period. State Street Corp raised its stake in Iron Mountain by 1.9% in the 3rd quarter. State Street Corp now owns 17,131,787 shares of the financial services provider's stock valued at $1,759,494,000 after acquiring an additional 322,144 shares during the period. Geode Capital Management LLC raised its stake in Iron Mountain by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 8,292,653 shares of the financial services provider's stock valued at $685,374,000 after acquiring an additional 102,073 shares during the period. Finally, Invesco Ltd. raised its stake in Iron Mountain by 18.1% in the 3rd quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider's stock valued at $516,481,000 after acquiring an additional 776,933 shares during the period. Institutional investors own 80.13% 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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