Iron Mountain Incorporated $IRM Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 5.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,347,871 shares of the financial services provider’s stock after acquiring an additional 75,016 shares during the period. Hsbc Holdings PLC’s holdings in Iron Mountain were worth $170,307,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board purchased a new position in Iron Mountain during the 2nd quarter valued at about $3,709,000. Legal & General Group Plc purchased a new stake in shares of Iron Mountain in the second quarter valued at about $409,843,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Iron Mountain in the second quarter valued at about $21,030,000. Jones Financial Companies Lllp acquired a new stake in shares of Iron Mountain in the second quarter valued at approximately $88,000. Finally, Fiduciary Financial Advisors purchased a new position in shares of Iron Mountain during the 2nd quarter worth approximately $185,000. 80.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO William L. Meaney sold 38,474 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $121.67, for a total transaction of $4,681,131.58. Following the transaction, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at approximately $4,681,131.58. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal 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 the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $122.70, for a total value of $736,200.00. Following the completion of the transaction, the executive vice president owned 101,507 shares of the company’s stock, valued at approximately $12,454,908.90. This represents a 5.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 127,422 shares of company stock worth $15,810,652. Company insiders own 1.70% of the company’s stock.

Iron Mountain Price Performance

Shares of NYSE:IRM opened at $120.83 on Wednesday. The firm has a market capitalization of $35.97 billion, a PE ratio of 86.31 and a beta of 1.20. Iron Mountain Incorporated has a 12 month low of $77.77 and a 12 month high of $134.68. The business has a 50-day moving average of $124.28 and a two-hundred day moving average of $117.72.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. Iron Mountain’s revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 earnings per share. 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. As a group, research analysts anticipate that Iron Mountain Incorporated will post 5.42 earnings per share for the current year.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be given a $0.864 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 annualized dividend and a dividend yield of 2.9%. Iron Mountain’s dividend payout ratio is presently 247.14%.

Analyst Upgrades and Downgrades

IRM has been the topic of a number of analyst reports. Weiss Ratings upgraded Iron Mountain from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Wells Fargo & Company lifted their price target on shares of Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Barclays increased their price target on Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. Finally, Truist Financial set a $140.00 price target on Iron Mountain in a research note on Friday, May 1st. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $135.17.

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.