Pictet Asset Management Holding SA Acquires 263,376 Shares of Iron Mountain Incorporated $IRM

Pictet Asset Management Holding SA boosted its holdings in Iron Mountain Incorporated (NYSE:IRM) by 32.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,080,998 shares of the financial services provider’s stock after purchasing an additional 263,376 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.36% of Iron Mountain worth $119,951,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in IRM. BlackRock Inc. purchased a new stake in Iron Mountain in the 2nd quarter valued at about $4,240,342,000. Principal Financial Group Inc. lifted its holdings in shares of Iron Mountain by 8.5% during the 1st quarter. Principal Financial Group Inc. now owns 4,566,093 shares of the financial services provider’s stock worth $466,382,000 after acquiring an additional 358,497 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Iron Mountain by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,552,286 shares of the financial services provider’s stock worth $464,931,000 after acquiring an additional 122,927 shares during the period. Legal & General Group Plc purchased a new position in shares of Iron Mountain during the 2nd quarter worth about $409,843,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Iron Mountain by 29,674.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,193,560 shares of the financial services provider’s stock worth $403,379,000 after acquiring an additional 3,182,834 shares during the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on IRM shares. Truist Financial boosted their target price on shares of Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, August 27th. The Goldman Sachs Group upped their price target on shares of Iron Mountain from $153.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, October 6th. JPMorgan Chase & Co. increased their price target on shares of Iron Mountain from $138.00 to $147.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Weiss Ratings lowered shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Finally, Rothschild & Co Redburn began coverage on shares of Iron Mountain in a research note on Monday, September 21st. They set a “buy” rating and a $132.00 price objective for the company. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $143.89.

Iron Mountain News Summary

Here are the key news stories impacting Iron Mountain this week:

• Positive Sentiment: Adjusted Q3 earnings were $1.53 per share versus the $1.47 consensus estimate. AFFO and revenue also topped estimates, with growth supported by data-center leasing, asset lifecycle management and resilient storage operations. Iron Mountain raised its 2026 outlook. Article: IRM Q3 AFFO Beats Estimates on Data Center and ALM Growth
• Positive Sentiment: The quarterly dividend increased nearly 15% to $0.993 per share, or about $3.97 annualized, offering a higher income return for shareholders. Article: Iron Mountain Increases Quarterly Dividend per Share by 15%
• Negative Sentiment: Fourth-quarter revenue guidance fell short of forecasts, creating a near-term concern despite the Q3 beat and higher full-year outlook. This softer outlook may limit the market’s reaction to the otherwise favorable results. Article: Iron Mountain shares decline as revenue guidance falls below forecasts despite Q3 earnings beat

Iron Mountain Stock Performance

IRM stock opened at $106.62 on Monday. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.68. The stock has a 50-day simple moving average of $113.75 and a 200-day simple moving average of $115.38. The firm has a market cap of $31.74 billion, a P/E ratio of 69.68 and a beta of 1.18.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Thursday, November 5th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Iron Mountain had a net margin of 5.88% and a negative return on equity of 79.98%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the firm posted $1.32 earnings per share. The business’s quarterly revenue was up 13.5% on a year-over-year basis. On average, equities research analysts predict that Iron Mountain Incorporated will post 5.42 EPS for the current year.

Iron Mountain Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 6th. Shareholders of record on Tuesday, December 15th will be paid a dividend of $0.9930 per share. This is a boost from Iron Mountain’s previous quarterly dividend of $0.8640. The ex-dividend date is Tuesday, December 15th. This represents a $3.97 dividend on an annualized basis and a yield of 3.7%. Iron Mountain’s payout ratio is 259.48%.

Insider Buying and Selling

In related news, CEO William Meaney sold 38,474 shares of Iron Mountain stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $110.45, for a total value of $4,249,453.30. Following the completion of the sale, the chief executive officer owned 38,474 shares in the company, valued at approximately $4,249,453.30. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 on Tuesday, September 1st. The shares were sold at an average price of $115.60, for a total transaction of $693,600.00. Following the completion of the sale, the executive vice president directly owned 95,507 shares in the company, valued at $11,040,609.20. This represents a 5.91% decrease in their ownership of the stock. 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 sold 97,948 shares of company stock worth $11,048,567. Insiders own 1.70% of the company’s stock.

Iron Mountain Company Profile

Iron Mountain Incorporated is an information management and storage company that helps organizations protect, manage and access physical and digital assets. Its services include records storage and management, secure document shredding, digitization and other information-management solutions.

The company also operates data centers and provides services for businesses moving, storing and managing data. Its offerings extend to specialized storage and care for items such as artwork and other valuable collections.

Founded in 1951, Iron Mountain began as a records-storage business in a former iron ore mine in New York.