Strs Ohio Grows Holdings in Iron Mountain Incorporated $IRM

Strs Ohio grew its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 60.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 414,128 shares of the financial services provider’s stock after purchasing an additional 156,613 shares during the period. Strs Ohio’s holdings in Iron Mountain were worth $34,352,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Koshinski Asset Management Inc. grew its stake in Iron Mountain by 2.0% in the 3rd quarter. Koshinski Asset Management Inc. now owns 5,108 shares of the financial services provider’s stock worth $521,000 after acquiring an additional 98 shares during the period. NorthCrest Asset Manangement LLC lifted its stake in shares of Iron Mountain by 3.6% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 2,929 shares of the financial services provider’s stock worth $310,000 after purchasing an additional 103 shares during the period. Merit Financial Group LLC lifted its stake in shares of Iron Mountain by 0.5% during the 3rd quarter. Merit Financial Group LLC now owns 19,930 shares of the financial services provider’s stock worth $2,032,000 after purchasing an additional 109 shares during the period. Coldstream Capital Management Inc. boosted its holdings in shares of Iron Mountain by 1.6% during the third quarter. Coldstream Capital Management Inc. now owns 7,506 shares of the financial services provider’s stock worth $765,000 after purchasing an additional 121 shares during the last quarter. Finally, Personal CFO Solutions LLC grew its position in shares of Iron Mountain by 5.3% in the third quarter. Personal CFO Solutions LLC now owns 2,450 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 124 shares during the period. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Iron Mountain Trading Up 0.9%

Shares of IRM stock opened at $127.09 on Friday. The company has a market cap of $37.81 billion, a PE ratio of 139.66 and a beta of 1.21. The company’s fifty day simple moving average is $108.73 and its 200-day simple moving average is $98.23. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week high of $127.94.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.93. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the company earned $1.17 EPS. 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. Equities research analysts expect that Iron Mountain Incorporated will post 5.26 EPS for the current fiscal year.

Iron Mountain Announces Dividend

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

Key Iron Mountain News

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

• Positive Sentiment: Q1 beat & guidance raise — Iron Mountain reported stronger-than-expected Q1 results (revenue up ~21.5%, AFFO and EPS beat) and raised FY2026 and Q2 guidance, signaling sustained demand across data centers and digital services. Press Release / Slide Deck
• Positive Sentiment: AI/data-center tailwind — Reuters and other outlets attribute the guidance lift to accelerating demand from AI workloads driving colocation and data-center services, a higher-growth area for IRM. Iron Mountain raises annual forecast on AI-fueled data center boom
• Positive Sentiment: AFFO and profitability momentum — Analysts highlighted strong AFFO growth (~22%) and improved cash-generation metrics that underpin the stock’s re-rating and dividend capacity. Zacks: Q1 AFFO Tops Estimates
• Positive Sentiment: Analyst upgrade / higher target — JPMorgan upgraded IRM to “Overweight” and raised its target to $138, reinforcing buy-side momentum and setting an upgraded valuation anchor. Benzinga
• Neutral Sentiment: Dividend declared — Board announced a $0.864 quarterly dividend (ex-dividend June 15), which supports the REIT income story but is expected rather than transformative. (Company release / earnings materials linked above.)
• Neutral Sentiment: Market technicals and coverage — Coverage pieces and trade notes flagged IRM’s move into resistance/record-high territory after the print, which can attract momentum traders but may also invite short-term profit-taking. Invezz: resistance story
• Negative Sentiment: Insider & institutional selling — Reports note substantial insider sales recently (including multiple executive disposals) and large institutional position shifts, which could concern some investors about near-term liquidity or tax-driven selling pressure.

Analyst Ratings Changes

Several equities analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday. Zacks Research cut Iron Mountain from a “hold” rating to a “strong sell” rating in a report on Monday, April 13th. Barclays increased their price objective on shares of Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Finally, Truist Financial set a $140.00 target price on shares of Iron Mountain in a report on Friday. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.

Insider Buying and Selling

In related news, CEO William L. Meaney sold 38,474 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $102.71, for a total transaction of $3,951,664.54. Following the sale, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $3,951,664.54. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $102.71, for a total value of $616,260.00. Following the transaction, the executive vice president directly owned 125,507 shares in the company, valued at $12,890,823.97. This trade represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 451,648 shares of company stock worth $48,297,449 in the last ninety days. 1.70% of the stock is owned by corporate insiders.

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.