9,388 Shares in Iron Mountain Incorporated $IRM Bought by Havemeyer Place LP

Havemeyer Place LP purchased a new position in shares of Iron Mountain Incorporated (NYSE:IRM) during the fourth quarter, Holdings Channel.com reports. The fund purchased 9,388 shares of the financial services provider’s stock, valued at approximately $779,000.

A number of other hedge funds have also recently added to or reduced their stakes in IRM. Norges Bank purchased a new stake in Iron Mountain during the fourth quarter worth $368,890,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Iron Mountain by 597.9% during 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 valued at $322,292,000 after purchasing an additional 2,708,560 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Iron Mountain by 66.5% during the fourth quarter. Principal Financial Group Inc. now owns 4,207,596 shares of the financial services provider’s stock valued at $349,021,000 after purchasing an additional 1,680,438 shares in the last quarter. Invesco Ltd. lifted its holdings in Iron Mountain by 18.1% during the third quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock valued at $516,481,000 after purchasing an additional 776,933 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in Iron Mountain by 16.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,654,086 shares of the financial services provider’s stock valued at $303,106,000 after purchasing an additional 502,998 shares in the last quarter. 80.13% of the stock is owned by hedge funds and other institutional investors.

Iron Mountain Stock Down 0.3%

Shares of NYSE IRM opened at $124.24 on Tuesday. The firm has a 50-day simple moving average of $118.98 and a 200-day simple moving average of $102.76. The stock has a market capitalization of $36.96 billion, a price-to-earnings ratio of 136.53 and a beta of 1.19. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week high of $134.09.

Iron Mountain (NYSE:IRM) last issued its earnings results on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.10. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the business earned $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. As a group, equities research analysts expect 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 will be paid on Friday, July 3rd. Stockholders of record on Monday, June 15th will be given a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, June 15th. Iron Mountain’s dividend payout ratio is 380.22%.

Insiders Place Their Bets

In other news, Director Walter C. Rakowich sold 757 shares of the stock in a transaction dated 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 sale, the director directly owned 1,135 shares in the company, valued at $141,250.75. This represents a 40.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Daniel Borges sold 7,189 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $125.50, for a total transaction of $902,219.50. 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 three months, insiders sold 202,985 shares of company stock valued at $23,452,265. Corporate insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wall Street Zen raised shares of Iron Mountain from a “hold” rating to a “buy” rating in a report on Saturday. Loop Capital set a $130.00 price objective on shares of Iron Mountain in a report on Wednesday, March 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a report on Tuesday, April 21st. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Barclays increased their price objective on shares of Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $131.67.

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.