Iron Mountain Incorporated $IRM Stock Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its position in Iron Mountain Incorporated (NYSE:IRM) by 62.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 711,596 shares of the financial services provider’s stock after selling 1,208,060 shares during the period. Vontobel Holding Ltd.’s holdings in Iron Mountain were worth $78,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of IRM. RB Capital Management LLC acquired a new stake in shares of Iron Mountain in the second quarter valued at approximately $5,907,000. Canada Pension Plan Investment Board acquired a new stake in Iron Mountain during the second quarter worth approximately $3,709,000. Glenview Trust Co acquired a new stake in Iron Mountain during the second quarter worth approximately $1,391,000. Sanctuary Advisors LLC bought a new position in Iron Mountain during the 2nd quarter worth $17,300,000. Finally, Deutsche Bank AG bought a new position in Iron Mountain during the 2nd quarter worth $385,129,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Stock Down 0.1%

NYSE:IRM traded down $0.11 during trading hours on Friday, reaching $112.57. The company had a trading volume of 1,375,545 shares, compared to its average volume of 1,492,558. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.68. The firm has a market cap of $33.51 billion, a price-to-earnings ratio of 80.41 and a beta of 1.17. The business’s 50-day simple moving average is $116.76 and its two-hundred day simple moving average is $120.05.

Iron Mountain (NYSE:IRM) last issued 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. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.97 billion. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business 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, equities analysts predict that Iron Mountain Incorporated will post 5.42 earnings per share for the current year.

Iron Mountain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th were given a dividend of $0.8640 per share. This represents a $3.46 annualized dividend and a yield of 3.1%. The ex-dividend date was Tuesday, September 15th. Iron Mountain’s dividend payout ratio is presently 247.14%.

Insider Activity

In related news, EVP Mark Kidd sold 6,000 shares of the stock in a transaction dated Friday, August 7th. The shares were 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 directly owned 101,507 shares in the company, valued at $12,454,908.90. This trade represents a 5.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Greg W. Mcintosh sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $110.72, for a total value of $553,600.00. Following the transaction, the executive vice president directly owned 70,634 shares of the company’s stock, valued at approximately $7,820,596.48. This trade represents a 6.61% 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. Over the last ninety days, insiders sold 137,422 shares of company stock valued at $15,881,099. Insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

IRM has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their target price on Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Truist Financial raised their price target on Iron Mountain from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Barclays raised their price target on Iron Mountain from $143.00 to $144.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 8th. Weiss Ratings downgraded Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Finally, Rothschild & Co Redburn initiated coverage on Iron Mountain in a report on Monday, September 21st. They issued a “buy” rating and a $132.00 target price on the stock. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $139.83.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global information management and data center services company. It helps organizations protect, manage and access physical and digital information, including business records, documents, backup media and other critical assets.

The company provides records storage and retrieval, secure shredding and destruction, information governance, digitization, document management and data migration services. Iron Mountain also operates data centers and offers colocation, hybrid cloud and related infrastructure services.