Insider Selling: Iron Mountain (NYSE:IRM) EVP Sells 5,000 Shares of Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Greg Mcintosh sold 5,000 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $110.72, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Iron Mountain Stock Performance

Shares of Iron Mountain stock traded down $1.03 on Monday, reaching $112.36. The company had a trading volume of 1,581,630 shares, compared to its average volume of 1,745,151. The firm has a market cap of $33.45 billion, a PE ratio of 80.26 and a beta of 1.17. The firm’s 50 day moving average price is $118.80 and its two-hundred day moving average price is $119.37. Iron Mountain Incorporated has a 52-week low of $77.77 and a 52-week high of $134.68.

Iron Mountain (NYSE:IRM) last announced its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.97 billion. During the same quarter in the previous year, the company earned $1.24 earnings per share. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. 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, sell-side analysts predict that Iron Mountain Incorporated will post 5.42 EPS for the current year.

Iron Mountain Announces Dividend

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Iron Mountain

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bell Investment Advisors Inc purchased a new stake in shares of Iron Mountain during the second quarter worth approximately $26,000. Meeder Asset Management Inc. purchased a new position in Iron Mountain in the second quarter worth approximately $27,000. Wellington Altus USA Inc. purchased a new position in Iron Mountain in the second quarter worth approximately $27,000. Markowski Investments acquired a new position in Iron Mountain during the 2nd quarter worth approximately $34,000. Finally, IMG Wealth Management Inc. acquired a new position in shares of Iron Mountain during the second quarter worth $34,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

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.