Iron Mountain Incorporated $IRM Shares Bought by Lido Advisors LLC

Lido Advisors LLC lifted its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 23.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 20,708 shares of the financial services provider’s stock after buying an additional 3,993 shares during the period. Lido Advisors LLC’s holdings in Iron Mountain were worth $2,131,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of IRM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 purchasing an additional 1,286 shares during the period. Empowered Funds LLC grew its position in shares of Iron Mountain by 10.3% in the first quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock valued at $493,000 after purchasing an additional 537 shares during the period. Woodline Partners LP increased its stake in Iron Mountain by 41.0% in 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 increased its stake in Iron Mountain by 29.4% in 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 lifted 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 buying an additional 1,222 shares during the period. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Price Performance

NYSE IRM opened at $128.33 on Monday. Iron Mountain Incorporated has a 1-year low of $77.77 and a 1-year high of $134.68. The firm has a market capitalization of $38.18 billion, a P/E ratio of 141.03 and a beta of 1.19. The business’s 50-day simple moving average is $125.31 and its 200-day simple moving average is $112.65.

Iron Mountain (NYSE:IRM) last posted its earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company earned $1.17 EPS. The company’s revenue 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 research analysts expect that Iron Mountain Incorporated will post 5.4 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 15th were given 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 2.7%. Iron Mountain’s dividend payout ratio is presently 380.22%.

Insiders Place Their Bets

In other news, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $127.91, for a total value of $767,460.00. Following the transaction, the executive vice president owned 119,507 shares of the company’s stock, valued at approximately $15,286,140.37. This trade represents a 4.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $122.83, for a total transaction of $4,725,761.42. Following the sale, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at approximately $4,725,761.42. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 137,260 shares of company stock worth $17,361,672. 1.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on IRM. Barclays raised 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. Truist Financial set a $140.00 price objective on shares of Iron Mountain in a report on Friday, May 1st. Wells Fargo & Company raised their target price on shares of Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Weiss Ratings downgraded shares of Iron Mountain from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. 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 research 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 stock. According to MarketBeat.com, Iron Mountain currently has an average rating of “Moderate Buy” and an average price target of $134.33.

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.