Iron Mountain Incorporated $IRM Shares Purchased by DNB Asset Management AS

DNB Asset Management AS raised its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 148.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 141,339 shares of the financial services provider’s stock after buying an additional 84,356 shares during the quarter. DNB Asset Management AS’s holdings in Iron Mountain were worth $11,724,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quent Capital LLC acquired a new stake in Iron Mountain during the third quarter valued at approximately $27,000. Johnson Financial Group Inc. acquired a new stake in Iron Mountain during the third quarter valued at approximately $32,000. Wealth Watch Advisors INC acquired a new stake in Iron Mountain during the third quarter valued at approximately $44,000. Franchise GP Ltd acquired a new stake in Iron Mountain during the fourth quarter valued at approximately $38,000. Finally, Washington Trust Advisors Inc. acquired a new stake in Iron Mountain during the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insiders Place Their Bets

In related news, CEO William L. Meaney sold 137,133 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $109.39, for a total value of $15,000,978.87. Following the completion of the transaction, the chief executive officer directly owned 295,975 shares of the company’s stock, valued at $32,376,705.25. This represents a 31.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark Kidd sold 6,000 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $127.91, for a total value of $767,460.00. Following the completion of the transaction, the executive vice president directly owned 119,507 shares of the company’s stock, valued at $15,286,140.37. This trade represents a 4.78% 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 90 days, insiders sold 498,014 shares of company stock valued at $54,269,373. 1.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on IRM shares. Wells Fargo & Company increased their price target on Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Barclays increased their price target on Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Loop Capital set a $130.00 price target on Iron Mountain in a research report on Wednesday, March 4th. Truist Financial set a $140.00 price target on Iron Mountain in a research report on Friday, May 1st. Finally, Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $131.67.

Iron Mountain Trading Down 0.0%

Shares of Iron Mountain stock opened at $125.07 on Monday. The business’s 50 day simple moving average is $112.02 and its 200-day simple moving average is $99.65. The stock has a market capitalization of $37.21 billion, a price-to-earnings ratio of 137.44 and a beta of 1.20. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.09.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.10. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the company posted $1.17 EPS. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. 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 earnings per share for the current year.

Iron Mountain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Monday, June 15th will be issued a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, June 15th. Iron Mountain’s dividend payout ratio 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.