Mitsubishi UFJ Asset Management Co. Ltd. Purchases New Shares in Iron Mountain Incorporated $IRM

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Iron Mountain Incorporated (NYSE:IRM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 982,596 shares of the financial services provider’s stock, valued at approximately $124,112,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.33% of Iron Mountain as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Bell Investment Advisors Inc purchased a new position in shares of Iron Mountain during the 2nd quarter worth about $26,000. Elevation Wealth Partners LLC raised its position in Iron Mountain by 444.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 283 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 231 shares during the period. Dynamic Wealth Strategies LLC bought a new stake in Iron Mountain in the first quarter worth about $31,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of Iron Mountain during the fourth quarter valued at approximately $25,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Iron Mountain during the third quarter valued at approximately $32,000. Institutional investors own 80.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on IRM shares. Truist Financial set a $140.00 price target on Iron Mountain in a report on Friday, May 1st. Wells Fargo & Company upped their price objective on Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Barclays lifted their target price on Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $135.17.

Insider Activity at Iron Mountain

In related news, CEO William L. Meaney sold 38,474 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $121.67, for a total value of $4,681,131.58. Following the completion of the sale, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at $4,681,131.58. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Daniel Borges sold 7,189 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $125.50, for a total transaction of $902,219.50. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 134,611 shares of company stock worth $16,712,871 over the last three months. 1.70% of the stock is owned by corporate insiders.

Iron Mountain Stock Down 2.3%

Shares of NYSE:IRM opened at $126.94 on Wednesday. Iron Mountain Incorporated has a 52-week low of $77.77 and a 52-week high of $134.68. The stock has a market cap of $37.79 billion, a P/E ratio of 90.68 and a beta of 1.20. The business’s 50 day moving average is $124.70 and its 200 day moving average is $116.62.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.54 by $0.06. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the business posted $1.24 EPS. Iron Mountain’s quarterly revenue was up 18.5% on a year-over-year basis. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. On average, sell-side analysts anticipate that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.864 per share. The ex-dividend date is Tuesday, September 15th. This represents a $3.46 annualized dividend and a dividend yield of 2.7%. Iron Mountain’s dividend payout ratio (DPR) is currently 247.14%.

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.