Sterling Capital Management LLC Has $1.01 Million Stake in Iron Mountain Incorporated $IRM

Sterling Capital Management LLC reduced its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 43.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,883 shares of the financial services provider’s stock after selling 7,511 shares during the quarter. Sterling Capital Management LLC’s holdings in Iron Mountain were worth $1,009,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Garton & Associates Financial Advisors LLC purchased a new stake in Iron Mountain in the 4th quarter worth approximately $25,000. Beaird Harris Wealth Management LLC grew its holdings in shares of Iron Mountain by 17,500.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 350 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Iron Mountain during the 3rd quarter valued at $32,000. Bayban acquired a new position in shares of Iron Mountain in the fourth quarter worth $33,000. Finally, DV Equities LLC purchased a new stake in shares of Iron Mountain during the fourth quarter worth $34,000. 80.13% of the stock is owned by hedge funds and other institutional investors.

Iron Mountain Trading Down 2.8%

Iron Mountain stock opened at $126.31 on Wednesday. Iron Mountain Incorporated has a 1-year low of $77.77 and a 1-year high of $134.68. The firm’s fifty day simple moving average is $125.74 and its 200-day simple moving average is $107.65. The company has a market capitalization of $37.58 billion, a P/E ratio of 138.80 and a beta of 1.19.

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. The firm 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%. Iron Mountain’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period 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. On average, equities research analysts predict that Iron Mountain Incorporated will post 5.4 earnings per share for the current year.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.864 per share. This represents a $3.46 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, June 15th. Iron Mountain’s dividend payout ratio is 380.22%.

Insider Buying and Selling at Iron Mountain

In other news, CAO Daniel Borges sold 7,189 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $125.50, for a total transaction of $902,219.50. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 directly owned 1,135 shares in the company, valued at $141,250.75. The trade was a 40.01% 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 98,786 shares of company stock worth $12,635,911 in the last 90 days. Company insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wall Street Zen cut Iron Mountain from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. Weiss Ratings raised Iron Mountain from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Truist Financial set a $140.00 price target on Iron Mountain in a report on Friday, May 1st. Loop Capital set a $130.00 price target on Iron Mountain in a report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. boosted their price target on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $131.67.

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.