Mark Kidd Sells 6,000 Shares of Iron Mountain (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $126.70, for a total value of $760,200.00. Following the transaction, the executive vice president owned 113,507 shares of the company’s stock, valued at approximately $14,381,336.90. This represents a 5.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Kidd also recently made the following trade(s):

• On Friday, May 8th, Mark Kidd sold 6,000 shares of Iron Mountain stock. The shares were sold at an average price of $127.91, for a total value of $767,460.00.
• On Wednesday, April 1st, Mark Kidd sold 6,000 shares of Iron Mountain stock. The shares were sold at an average price of $102.71, for a total value of $616,260.00.

Iron Mountain Stock Down 0.2%

Shares of Iron Mountain stock opened at $128.18 on Thursday. The company has a market cap of $38.14 billion, a PE ratio of 140.86 and a beta of 1.19. The business has a 50 day moving average of $117.42 and a 200 day moving average of $101.99. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week high of $134.09.

Iron Mountain (NYSE:IRM) last announced its earnings results on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.10. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.86 billion. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 earnings per share. 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, research analysts anticipate that Iron Mountain Incorporated will post 5.4 earnings per share for the current year.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Monday, June 15th will be issued a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, June 15th. Iron Mountain’s dividend payout ratio is currently 380.22%.

Institutional Trading of Iron Mountain

Large investors have recently modified their holdings of the company. Koshinski Asset Management Inc. increased its position in shares of Iron Mountain by 2.0% during the third quarter. Koshinski Asset Management Inc. now owns 5,108 shares of the financial services provider’s stock worth $521,000 after acquiring an additional 98 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of Iron Mountain by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 33,889 shares of the financial services provider’s stock worth $3,461,000 after purchasing an additional 100 shares during the period. Rothschild Investment LLC lifted its position in shares of Iron Mountain by 15.4% in the 4th quarter. Rothschild Investment LLC now owns 780 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 104 shares during the period. Meeder Advisory Services Inc. lifted its position in shares of Iron Mountain by 2.9% in the 1st quarter. Meeder Advisory Services Inc. now owns 3,741 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 107 shares during the period. Finally, Corrado Advisors LLC lifted its position in shares of Iron Mountain by 0.6% in the 4th quarter. Corrado Advisors LLC now owns 19,856 shares of the financial services provider’s stock worth $1,647,000 after purchasing an additional 110 shares during the period. Institutional investors own 80.13% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on IRM. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Wells Fargo & Company increased their price objective on Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Barclays increased their price objective on Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. increased their price objective on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $131.67.

About Iron Mountain

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.