Iron Mountain Incorporated $IRM Shares Bought by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co raised its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 86,938 shares of the financial services provider’s stock after acquiring an additional 6,000 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Iron Mountain were worth $7,212,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quent Capital LLC acquired a new position in shares of Iron Mountain during the 3rd quarter worth about $27,000. Johnson Financial Group Inc. acquired a new position in shares of Iron Mountain during the 3rd quarter worth about $32,000. Wealth Watch Advisors INC acquired a new position in shares of Iron Mountain during the 3rd quarter worth about $44,000. Franchise GP Ltd acquired a new position in shares of Iron Mountain in the 4th quarter valued at $38,000. Finally, Washington Trust Advisors Inc. acquired a new position in shares of Iron Mountain in the 3rd quarter valued at $54,000. 80.13% of the stock is owned by institutional investors and hedge funds.

Iron Mountain Stock Up 2.8%

Shares of NYSE IRM opened at $131.76 on Wednesday. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week high of $131.83. The firm has a 50-day moving average price of $109.16 and a 200 day moving average price of $98.37. The stock has a market capitalization of $39.20 billion, a price-to-earnings ratio of 144.79 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.43 EPS for the quarter, beating the consensus estimate of $0.50 by $0.93. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the business earned $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. Equities research analysts expect 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. Investors of record on Monday, June 15th will be paid a $0.864 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.46 annualized dividend and a dividend yield of 2.6%. Iron Mountain’s dividend payout ratio (DPR) is 380.22%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on IRM shares. Truist Financial set a $140.00 target price on shares of Iron Mountain in a report on Friday. Zacks Research cut shares of Iron Mountain from a “hold” rating to a “strong sell” rating in a report on Monday, April 13th. Loop Capital set a $130.00 target price on shares of Iron Mountain in a report on Wednesday, March 4th. Barclays upped their target price on shares of Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $131.67.

Insider Activity at Iron Mountain

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $102.71, for a total transaction of $616,260.00. Following the sale, the executive vice president directly owned 125,507 shares in the company, valued at approximately $12,890,823.97. The trade was a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $102.71, for a total value of $3,951,664.54. Following the sale, the chief executive officer owned 38,474 shares in the company, valued at approximately $3,951,664.54. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 451,648 shares of company stock worth $48,297,449 over the last three months. 1.70% of the stock is currently owned by company 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.