Iron Mountain (NYSE:IRM) EVP Sells $693,600.00 in Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Mark Kidd sold 6,000 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $115.60, for a total transaction of $693,600.00. Following the sale, the executive vice president directly owned 95,507 shares in the company, valued at approximately $11,040,609.20. The trade was a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Kidd also recently made the following trade(s):

• On Friday, August 7th, Mark Kidd sold 6,000 shares of Iron Mountain stock. The shares were sold at an average price of $122.70, for a total value of $736,200.00.

Iron Mountain Trading Up 1.6%

NYSE IRM opened at $116.81 on Friday. The stock has a market capitalization of $34.77 billion, a price-to-earnings ratio of 83.44 and a beta of 1.18. The stock has a 50-day moving average of $122.18 and a 200 day moving average of $118.56. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.68.

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, beating the consensus estimate of $0.54 by $0.06. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.97 billion. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.Iron Mountain’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period last year, the company earned $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. Equities analysts predict that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 15th will be issued a $0.864 dividend. This represents a $3.46 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Iron Mountain’s payout ratio is presently 247.14%.

Hedge Funds Weigh In On Iron Mountain

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Canada Pension Plan Investment Board purchased a new stake in Iron Mountain in the 2nd quarter valued at $3,709,000. RB Capital Management LLC purchased a new position in shares of Iron Mountain during the 2nd quarter worth $5,907,000. Sanctuary Advisors LLC acquired a new position in shares of Iron Mountain during the 2nd quarter valued at about $17,300,000. Glenview Trust Co purchased a new stake in shares of Iron Mountain in the second quarter valued at about $1,391,000. Finally, BDFS Capital LLC purchased a new stake in shares of Iron Mountain in the fourth quarter valued at about $340,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on IRM shares. Wells Fargo & Company boosted their target price 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. Wall Street Zen lowered shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings cut Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Truist Financial increased their target price on Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Finally, Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Iron Mountain presently has a consensus rating of “Moderate Buy” and an average price target of $137.67.

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.