Wellington Management Group LLP Buys 164,991 Shares of Iron Mountain Incorporated $IRM

Wellington Management Group LLP raised its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 47.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 512,906 shares of the financial services provider’s stock after purchasing an additional 164,991 shares during the period. Wellington Management Group LLP’s holdings in Iron Mountain were worth $64,785,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Garton & Associates Financial Advisors LLC bought a new stake in shares of Iron Mountain in the fourth quarter worth about $25,000. Bell Investment Advisors Inc bought a new position in Iron Mountain during the second quarter valued at approximately $26,000. Meeder Asset Management Inc. bought a new position in Iron Mountain during the second quarter valued at approximately $27,000. Beaird Harris Wealth Management LLC grew its holdings in 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 buying an additional 350 shares in the last quarter. Finally, Dynamic Wealth Strategies LLC purchased a new position in Iron Mountain during the 1st quarter valued at approximately $31,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on IRM shares. Weiss Ratings cut Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Barclays raised their target price on shares of Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Wall Street Zen downgraded shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. 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, August 27th. Finally, Wells Fargo & Company lifted their price objective on shares of Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Iron Mountain presently has an average rating of “Moderate Buy” and an average price target of $137.67.

Iron Mountain Stock Performance

Shares of IRM stock opened at $111.96 on Thursday. The stock has a 50 day moving average price of $122.80 and a 200 day moving average price of $118.54. Iron Mountain Incorporated has a 52-week low of $77.77 and a 52-week high of $134.68. The firm has a market capitalization of $33.33 billion, a P/E ratio of 79.97 and a beta of 1.18.

Iron Mountain (NYSE:IRM) last released its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the firm posted $1.24 earnings per share. The business’s revenue was up 18.5% compared to the same quarter last year. 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. As a group, sell-side analysts forecast that Iron Mountain Incorporated will post 5.42 EPS for the current year.

Iron Mountain Announces Dividend

The business 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 $0.864 dividend. This represents a $3.46 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Iron Mountain’s dividend payout ratio (DPR) is currently 247.14%.

Insider Activity at Iron Mountain

In other news, CEO William L. Meaney sold 38,474 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $114.08, for a total transaction of $4,389,113.92. Following the transaction, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at approximately $4,389,113.92. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal 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 stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $115.60, for a total value of $693,600.00. Following the completion of the transaction, the executive vice president directly owned 95,507 shares in the company, valued at approximately $11,040,609.20. This trade represents a 5.91% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 132,422 shares of company stock worth $15,803,807 in the last 90 days. 1.70% of the stock is owned by corporate insiders.

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.