Greg Mcintosh Sells 5,000 Shares of Iron Mountain (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Greg Mcintosh sold 5,000 shares of Iron Mountain stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $115.60, for a total value of $578,000.00. Following the completion of the transaction, the executive vice president directly owned 75,634 shares of the company’s stock, valued at approximately $8,743,290.40. This represents a 6.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Iron Mountain Stock Performance

Shares of IRM stock opened at $115.32 on Friday. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.68. The company’s 50-day moving average is $122.49 and its 200 day moving average is $118.58. The company has a market capitalization of $34.33 billion, a price-to-earnings ratio of 82.37 and a beta of 1.18.

Iron Mountain (NYSE:IRM) last issued its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.06. The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the previous year, the company 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. As a group, research analysts predict that Iron Mountain Incorporated will post 5.42 earnings per share 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 given a dividend of $0.864 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 annualized dividend and a dividend yield of 3.0%. Iron Mountain’s dividend payout ratio (DPR) is 247.14%.

Key Headlines Impacting Iron Mountain

Here are the key news stories impacting Iron Mountain this week:

• Positive Sentiment: Iron Mountain announced a partnership with Saudi Arabia’s Social Development Bank to modernize document-intensive financing processes. The bank will use Iron Mountain InSight DXP’s AI-powered intelligent document processing, giving IRM a potential foothold for broader digital-services growth in the Middle East. Iron Mountain Middle East partnership
• Positive Sentiment: The Saudi agreement reinforces Iron Mountain’s transition beyond traditional records storage toward AI, digitization and information-management services. Investors may view the partnership as a catalyst for recurring technology revenue and expanded regional customer relationships. Iron Mountain AI digital partnership
• Positive Sentiment: Recent quarterly results showed revenue rising 18.5% year over year to $2.03 billion, while adjusted earnings per share of $0.60 exceeded the $0.54 consensus estimate. Management also raised full-year 2026 guidance, highlighting momentum in digital and data-center-related businesses. Iron Mountain earnings growth
• Neutral Sentiment: Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and an average price target of $137.67. However, most target changes followed the August earnings report and do not represent a new catalyst.
• Negative Sentiment: CEO William Meaney sold 38,474 shares, while EVPs Mark Kidd and Greg McIntosh sold 6,000 and 5,000 shares, respectively. The transactions were executed under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary bearish signals, but the concentration of insider selling could pressure investor confidence. Iron Mountain insider selling
• Negative Sentiment: Iron Mountain trades at a high earnings multiple, while its reported dividend payout ratio above 247% could raise questions about earnings-based coverage despite the approximately 3.1% yield.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Bell Investment Advisors Inc bought a new stake in shares of Iron Mountain during the 2nd quarter valued at about $26,000. Meeder Asset Management Inc. bought a new position in shares of Iron Mountain in the 2nd quarter worth approximately $27,000. Markowski Investments purchased a new position in shares of Iron Mountain in the second quarter worth approximately $34,000. IMG Wealth Management Inc. purchased a new position in shares of Iron Mountain in the second quarter worth approximately $34,000. Finally, Elevation Wealth Partners LLC increased its holdings in 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. Institutional investors own 80.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on IRM shares. Wall Street Zen downgraded Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Weiss Ratings cut Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Wells Fargo & Company boosted their target price on Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Finally, Truist Financial upped their target price on shares of Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $137.67.

Iron Mountain Company 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.