Securian Asset Management Inc. Reduces Stock Position in Iron Mountain Incorporated $IRM

Securian Asset Management Inc. decreased its holdings in Iron Mountain Incorporated (NYSE:IRM) by 43.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,037 shares of the financial services provider’s stock after selling 6,160 shares during the period. Securian Asset Management Inc.’s holdings in Iron Mountain were worth $667,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in IRM. Intact Investment Management Inc. purchased a new stake in shares of Iron Mountain in the third quarter valued at approximately $3,588,000. NewSquare Capital LLC increased its holdings in Iron Mountain by 4,867.6% during the 3rd quarter. NewSquare Capital LLC now owns 11,823 shares of the financial services provider’s stock worth $1,205,000 after purchasing an additional 11,585 shares during the period. Fieldview Capital Management LLC bought a new stake in Iron Mountain during the 3rd quarter valued at $3,092,000. J.W. Cole Advisors Inc. lifted its holdings in shares of Iron Mountain by 54.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 33,596 shares of the financial services provider’s stock worth $3,425,000 after buying an additional 11,893 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Iron Mountain by 17.2% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 103,960 shares of the financial services provider’s stock worth $10,598,000 after buying an additional 15,225 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Mithu Bhargava sold 59,725 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $104.62, for a total value of $6,248,429.50. Following the completion of the sale, the executive vice president owned 16,054 shares of the company’s stock, valued at $1,679,569.48. This trade represents a 78.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jennifer Allerton sold 7,000 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $108.88, for a total value of $762,160.00. Following the transaction, the director owned 11,541 shares in the company, valued at approximately $1,256,584.08. This trade represents a 37.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 498,014 shares of company stock valued at $54,269,373 over the last three months. Company insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

IRM has been the topic of several research reports. Truist Financial set a $140.00 price target on Iron Mountain in a research note on Friday, May 1st. Wells Fargo & Company increased their target price on shares of Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a report on Tuesday, April 21st. Barclays upped their price target on shares of Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Finally, Loop Capital set a $130.00 price objective on shares of Iron Mountain in a research note on Wednesday, March 4th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.67.

Iron Mountain Price Performance

Shares of IRM stock opened at $127.60 on Friday. The stock’s 50-day moving average is $111.67 and its 200 day moving average is $99.52. Iron Mountain Incorporated has a 1-year low of $77.77 and a 1-year high of $134.09. The company has a market cap of $37.96 billion, a P/E ratio of 140.22 and a beta of 1.20.

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

Iron Mountain Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Monday, June 15th will be paid a $0.864 dividend. This represents a $3.46 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, June 15th. Iron Mountain’s dividend payout ratio (DPR) is 380.22%.

Iron Mountain 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.