Nykredit A S Makes New Investment in Iron Mountain Incorporated $IRM

Nykredit A S acquired a new stake in shares of Iron Mountain Incorporated (NYSE:IRM) in the second quarter, Holdings Channel.com reports. The firm acquired 118,721 shares of the financial services provider’s stock, valued at approximately $14,996,000.

A number of other hedge funds have also recently modified their holdings of IRM. Garton & Associates Financial Advisors LLC purchased a new position in Iron Mountain during the fourth quarter valued at approximately $25,000. Bell Investment Advisors Inc purchased a new stake in Iron Mountain in the 2nd quarter worth approximately $26,000. Meeder Asset Management Inc. acquired a new stake in shares of Iron Mountain during the 2nd quarter worth approximately $27,000. Beaird Harris Wealth Management LLC increased 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 purchasing an additional 350 shares in the last quarter. Finally, Dynamic Wealth Strategies LLC purchased a new position in shares of 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.

Iron Mountain Stock Performance

NYSE:IRM opened at $116.81 on Friday. The stock has a market capitalization of $34.77 billion, a PE ratio of 83.44 and a beta of 1.18. Iron Mountain Incorporated has a fifty-two week low of $77.77 and a fifty-two week high of $134.68. The company has a fifty day moving average of $122.18 and a two-hundred day moving average of $118.56.

Iron Mountain (NYSE:IRM) last announced its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.06. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. 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 business earned $1.24 earnings per share. The company’s revenue for the quarter 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. Research analysts forecast that Iron Mountain Incorporated will post 5.42 earnings per share for the current year.

Iron Mountain Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th will be issued 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 dividend yield of 3.0%. Iron Mountain’s dividend payout ratio is presently 247.14%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Iron Mountain from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Truist Financial increased their target price on shares of Iron Mountain from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Wells Fargo & Company lifted their price target on Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Barclays upped their price target on Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $137.67.

Insider Buying and Selling at Iron Mountain

In other news, EVP Greg McIntosh sold 5,000 shares of the firm’s 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 $578,000.00. Following the transaction, the executive vice president owned 75,634 shares in the company, valued at $8,743,290.40. This trade represents a 6.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Meaney sold 38,474 shares of Iron Mountain stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $121.67, for a total value of $4,681,131.58. Following the completion of the sale, the chief executive officer directly owned 38,474 shares in the company, valued at $4,681,131.58. This represents a 50.00% 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 sold 132,422 shares of company stock valued at $15,803,807 over the last quarter. 1.70% of the stock is currently owned by insiders.

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.