TD Asset Management Inc Buys 4,090 Shares of Iron Mountain Incorporated $IRM

TD Asset Management Inc increased its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 2.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 180,420 shares of the financial services provider’s stock after buying an additional 4,090 shares during the period. TD Asset Management Inc’s holdings in Iron Mountain were worth $14,966,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Johnson Financial Group Inc. bought a new stake in shares of Iron Mountain during the 3rd quarter worth about $32,000. Wealth Watch Advisors INC bought a new stake in shares of Iron Mountain during the 3rd quarter worth about $44,000. Franchise GP Ltd bought a new stake in shares of Iron Mountain during the 4th quarter worth about $38,000. Washington Trust Advisors Inc. bought a new stake in shares of Iron Mountain during the 3rd quarter worth about $54,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Iron Mountain during the 4th quarter worth about $45,000. Institutional investors own 80.13% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Truist Financial set a $140.00 target price on shares of Iron Mountain in a report on Friday, May 1st. JPMorgan Chase & Co. boosted their price objective on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Loop Capital set a $130.00 price objective on shares of Iron Mountain in a report on Wednesday, March 4th. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen raised shares of Iron Mountain from a “hold” rating to a “buy” rating in a report on Saturday. Four investment 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.

Insider Activity at Iron Mountain

In other news, CAO Daniel Borges sold 7,189 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $125.50, for a total transaction of $902,219.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Monday, June 1st. The stock was sold at an average price of $126.70, for a total transaction of $760,200.00. Following the sale, the executive vice president directly owned 113,507 shares of the company’s stock, valued at approximately $14,381,336.90. This trade represents a 5.02% decrease in their position. 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 a total of 202,985 shares of company stock worth $23,452,265 in the last 90 days. Corporate insiders own 1.70% of the company’s stock.

Iron Mountain Stock Down 0.3%

NYSE IRM opened at $124.24 on Tuesday. The company has a market capitalization of $36.96 billion, a P/E ratio of 136.53 and a beta of 1.19. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.09. The firm has a 50-day moving average price of $118.98 and a two-hundred day moving average price of $102.76.

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

Iron Mountain Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders 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 2.8%. The ex-dividend date of this dividend is Monday, June 15th. Iron Mountain’s dividend payout ratio is 380.22%.

Iron Mountain 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.