46,766 Shares in Iron Mountain Incorporated $IRM Purchased by RB Capital Management LLC

RB Capital Management LLC bought a new stake in shares of Iron Mountain Incorporated (NYSE:IRM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 46,766 shares of the financial services provider’s stock, valued at approximately $5,907,000. Iron Mountain comprises 1.2% of RB Capital Management LLC’s investment portfolio, making the stock its 19th largest position.

Other large investors have also added to or reduced their stakes in the company. Bell Investment Advisors Inc bought a new position in shares of Iron Mountain during the second quarter valued at $26,000. Meeder Asset Management Inc. bought a new stake in Iron Mountain during the 2nd quarter valued at about $27,000. IMG Wealth Management Inc. purchased a new position in Iron Mountain in the second quarter worth about $34,000. Elevation Wealth Partners LLC grew its holdings in shares of Iron Mountain by 444.2% during the second quarter. Elevation Wealth Partners LLC now owns 283 shares of the financial services provider’s stock valued at $36,000 after buying an additional 231 shares during the last quarter. Finally, Dynamic Wealth Strategies LLC bought a new stake in shares of Iron Mountain during the first quarter valued at approximately $31,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Insider Activity at Iron Mountain

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $122.70, for a total value of $736,200.00. Following the sale, the executive vice president owned 101,507 shares of the company’s stock, valued at $12,454,908.90. The trade was a 5.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $121.67, for a total transaction of $4,681,131.58. Following the completion of the transaction, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at approximately $4,681,131.58. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 127,422 shares of company stock valued at $15,810,652 in the last 90 days. 1.70% of the stock is currently owned by company insiders.

Iron Mountain Trading Down 4.2%

NYSE IRM opened at $117.55 on Friday. Iron Mountain Incorporated has a 12 month low of $77.77 and a 12 month high of $134.68. The stock’s 50 day moving average is $123.89 and its 200 day moving average is $118.13. The stock has a market cap of $34.99 billion, a PE ratio of 83.96 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last released its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.54 by $0.06. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.97 billion. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.24 earnings per share. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. On average, analysts forecast that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 15th will be paid a dividend of $0.864 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.9%. Iron Mountain’s dividend payout ratio is presently 247.14%.

Analyst Upgrades and Downgrades

Several brokerages have commented on IRM. Wells Fargo & Company increased their target price on Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Wall Street Zen cut Iron Mountain from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. lifted their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Truist Financial increased their price objective on shares of Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $137.67.

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.