M&T Bank Corp Has $6.93 Million Holdings in Iron Mountain Incorporated $IRM

M&T Bank Corp raised its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 41.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 83,551 shares of the financial services provider’s stock after buying an additional 24,690 shares during the quarter. M&T Bank Corp’s holdings in Iron Mountain were worth $6,931,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Quent Capital LLC acquired a new position in shares of Iron Mountain during the third quarter worth approximately $27,000. Johnson Financial Group Inc. acquired a new position in shares of Iron Mountain during the third quarter worth approximately $32,000. Wealth Watch Advisors INC acquired a new position in shares of Iron Mountain during the third quarter worth approximately $44,000. Franchise GP Ltd acquired a new position in shares of Iron Mountain during the fourth quarter worth approximately $38,000. Finally, Washington Trust Advisors Inc. acquired a new position in shares of Iron Mountain during the third quarter worth approximately $54,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Price Performance

Iron Mountain stock opened at $131.76 on Wednesday. The stock has a fifty day moving average price of $109.16 and a two-hundred day moving average price of $98.37. Iron Mountain Incorporated has a 52-week low of $77.77 and a 52-week high of $131.83. The firm has a market capitalization of $39.20 billion, a P/E ratio of 144.79 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.43 earnings per share (EPS) 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 firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the company posted $1.17 earnings per share. The business’s revenue for the quarter 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, equities research analysts predict that Iron Mountain Incorporated will post 5.26 EPS for the current fiscal year.

Iron Mountain Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on IRM shares. 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 report on Friday, May 1st. Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain 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 research note on Monday, February 23rd. Loop Capital set a $130.00 target price on Iron Mountain in a research note on Wednesday, March 4th. Finally, Truist Financial set a $140.00 target price on Iron Mountain in a research note on Friday. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

Insider Buying and Selling

In other Iron Mountain news, EVP Mithu Bhargava sold 59,725 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $104.62, for a total transaction of $6,248,429.50. Following the completion of the transaction, the executive vice president directly owned 16,054 shares in the company, valued at $1,679,569.48. This represents a 78.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark Kidd sold 6,000 shares of the stock in a transaction 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 $12,890,823.97. The trade was 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 three months, insiders have sold 451,648 shares of company stock valued at $48,297,449. 1.70% of the stock is owned by insiders.

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.