Iron Mountain Incorporated (NYSE:IRM) Receives Consensus Rating of “Moderate Buy” from Brokerages

Iron Mountain Incorporated (NYSE:IRM) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $115.40.

A number of brokerages have commented on IRM. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. JPMorgan Chase & Co. lifted their price target on Iron Mountain from $100.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research note on Thursday, January 22nd. Finally, Barclays restated an “overweight” rating and set a $126.00 price objective on shares of Iron Mountain in a research report on Tuesday, January 13th.

Insider Buying and Selling at Iron Mountain

In other news, EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $83.10, for a total transaction of $498,600.00. Following the transaction, the executive vice president owned 55,081 shares of the company’s stock, valued at approximately $4,577,231.10. This represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William L. Meaney sold 38,482 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $83.17, for a total value of $3,200,547.94. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 202,038 shares of company stock worth $18,424,270. Insiders own 1.90% of the company’s stock.

Institutional Trading of Iron Mountain

A number of hedge funds and other institutional investors have recently bought and sold shares of IRM. Norges Bank purchased a new stake in shares of Iron Mountain in the 2nd quarter worth $419,457,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Iron Mountain by 597.9% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,161,589 shares of the financial services provider’s stock worth $322,292,000 after acquiring an additional 2,708,560 shares during the period. Invesco Ltd. grew its holdings in Iron Mountain by 50.6% during the 2nd quarter. Invesco Ltd. now owns 4,289,583 shares of the financial services provider’s stock worth $439,983,000 after acquiring an additional 1,440,629 shares in the last quarter. Vontobel Holding Ltd. purchased a new position in Iron Mountain during the 3rd quarter valued at about $109,941,000. Finally, Prudential Financial Inc. raised its holdings in shares of Iron Mountain by 44.7% in the 2nd quarter. Prudential Financial Inc. now owns 1,945,769 shares of the financial services provider’s stock valued at $199,578,000 after purchasing an additional 601,290 shares in the last quarter. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Iron Mountain Trading Down 2.3%

NYSE:IRM opened at $91.69 on Friday. The business’s 50-day moving average is $86.00 and its 200 day moving average is $93.91. Iron Mountain has a 12 month low of $72.33 and a 12 month high of $108.15. The company has a market capitalization of $27.10 billion, a P/E ratio of 173.00 and a beta of 1.13.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.03. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. Iron Mountain had a negative return on equity of 112.70% and a net margin of 2.40%.The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 EPS. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. On average, research analysts forecast that Iron Mountain will post 4.54 earnings per share for the current year.

Iron Mountain Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th were paid a dividend of $0.864 per share. The ex-dividend date of this dividend was Monday, December 15th. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.79. This represents a $3.46 annualized dividend and a yield of 3.8%. Iron Mountain’s payout ratio is presently 650.94%.

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.