Swedbank AB Has $26.59 Million Stock Holdings in Iron Mountain Incorporated $IRM

Swedbank AB trimmed its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 8.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 260,330 shares of the financial services provider’s stock after selling 24,528 shares during the quarter. Swedbank AB’s holdings in Iron Mountain were worth $26,590,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IRM. Cohen & Steers Inc. increased its holdings in Iron Mountain by 20.0% in the fourth quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock valued at $1,568,110,000 after purchasing an additional 3,155,034 shares during the period. State Street Corp raised its position in Iron Mountain by 1.9% during the 3rd quarter. State Street Corp now owns 17,131,787 shares of the financial services provider’s stock worth $1,759,494,000 after purchasing an additional 322,144 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Iron Mountain by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 8,292,653 shares of the financial services provider’s stock worth $685,374,000 after buying an additional 102,073 shares during the period. Invesco Ltd. grew its position in shares of Iron Mountain by 18.1% in the 3rd quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock valued at $516,481,000 after buying an additional 776,933 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Iron Mountain in the 4th quarter valued at about $368,890,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO William L. Meaney sold 38,474 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $122.83, for a total value of $4,725,761.42. Following the completion of the sale, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at $4,725,761.42. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Walter C. Rakowich sold 757 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total value of $94,208.65. Following the completion of the transaction, the director owned 1,135 shares in the company, valued at $141,250.75. This represents a 40.01% decrease in their position. 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. Insiders have sold 137,260 shares of company stock worth $17,361,672 in the last 90 days. Company insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Barclays raised their price objective on Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Wells Fargo & Company upped their target price on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. increased their target price on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Wall Street Zen upgraded shares of Iron Mountain from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Finally, Truist Financial set a $140.00 price target on shares of Iron Mountain in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $134.33.

Iron Mountain Trading Down 0.3%

NYSE IRM opened at $115.43 on Thursday. The company has a market cap of $34.34 billion, a P/E ratio of 126.85 and a beta of 1.19. The company has a fifty day simple moving average of $125.81 and a 200 day simple moving average of $109.14. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.68.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.10. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The business’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.17 earnings per share. 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. Sell-side analysts predict that Iron Mountain Incorporated will post 5.4 EPS for the current year.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were issued a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, June 15th. Iron Mountain’s dividend payout ratio is currently 380.22%.

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.