Welch & Forbes LLC Decreases Position in Iron Mountain Incorporated $IRM

Welch & Forbes LLC lessened its stake in Iron Mountain Incorporated (NYSE:IRM) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 652,068 shares of the financial services provider’s stock after selling 4,296 shares during the quarter. Welch & Forbes LLC owned approximately 0.22% of Iron Mountain worth $66,602,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of IRM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Iron Mountain by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider’s stock worth $2,573,000 after acquiring an additional 1,286 shares during the period. Empowered Funds LLC raised its stake in Iron Mountain by 10.3% in the 1st quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock valued at $493,000 after acquiring an additional 537 shares during the period. Woodline Partners LP lifted its holdings in Iron Mountain by 41.0% during the first quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider’s stock valued at $2,129,000 after purchasing an additional 7,193 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Iron Mountain by 29.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 300 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in Iron Mountain by 3.6% during the second quarter. Cerity Partners LLC now owns 35,292 shares of the financial services provider’s stock worth $3,620,000 after purchasing an additional 1,222 shares during the period. 80.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

IRM has been the topic of several research reports. Barclays boosted their price target on shares of Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Weiss Ratings lowered shares of Iron Mountain from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Truist Financial set a $140.00 target price on shares of Iron Mountain in a report on Friday, May 1st. Wells Fargo & Company increased their target price on Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. raised 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. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Iron Mountain has an average rating of “Moderate Buy” and a consensus target price of $134.33.

Iron Mountain Trading Up 1.5%

Shares of Iron Mountain stock traded up $1.82 on Friday, reaching $121.30. The stock had a trading volume of 1,834,409 shares, compared to its average volume of 1,734,949. The business’s 50 day moving average is $126.07 and its two-hundred day moving average is $109.50. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.68. The company has a market cap of $36.09 billion, a P/E ratio of 133.29 and a beta of 1.19.

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

Iron Mountain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 15th were issued a $0.864 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.46 annualized dividend and a dividend yield of 2.8%. Iron Mountain’s dividend payout ratio is presently 380.22%.

Insider Buying and Selling

In related news, Director Walter C. Rakowich sold 757 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $124.45, for a total value of $94,208.65. Following the sale, the director owned 1,135 shares in the company, valued at approximately $141,250.75. This trade represents a 40.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 Iron Mountain stock in a transaction 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 sale, the executive vice president directly owned 113,507 shares of the company’s stock, valued at $14,381,336.90. This represents a 5.02% 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. Insiders have sold a total of 137,260 shares of company stock valued at $17,361,672 in the last ninety days. 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.