Iron Mountain Incorporated $IRM Stock Acquired by Courier Capital LLC

Courier Capital LLC grew its holdings in Iron Mountain Incorporated (NYSE:IRM) by 90.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 27,104 shares of the financial services provider’s stock after acquiring an additional 12,900 shares during the quarter. Courier Capital LLC’s holdings in Iron Mountain were worth $3,007,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in IRM. NorthCrest Asset Manangement LLC grew its position in shares of Iron Mountain by 26.8% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 6,726 shares of the financial services provider’s stock valued at $760,000 after buying an additional 1,422 shares during the last quarter. Avior Wealth Management LLC raised its stake in Iron Mountain by 3.4% during the 3rd quarter. Avior Wealth Management LLC now owns 6,841 shares of the financial services provider’s stock worth $759,000 after acquiring an additional 226 shares in the last quarter. Riversedge Advisors LLC acquired a new stake in Iron Mountain during the 3rd quarter worth $260,000. Wedmont Private Capital lifted its position in Iron Mountain by 16.5% in the third quarter. Wedmont Private Capital now owns 4,994 shares of the financial services provider’s stock valued at $564,000 after acquiring an additional 706 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its position in Iron Mountain by 12.3% in the third quarter. Legacy Wealth Asset Management LLC now owns 3,630 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 399 shares during the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Iron Mountain Trading Down 0.4%

Shares of IRM traded down $0.46 during trading hours on Tuesday, reaching $114.64. The company had a trading volume of 1,143,750 shares, compared to its average volume of 1,731,592. The firm has a 50 day simple moving average of $117.67 and a 200-day simple moving average of $119.83. The company has a market capitalization of $34.13 billion, a price-to-earnings ratio of 81.89 and a beta of 1.17. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.68.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.54 by $0.06. The firm 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 quarter last year, the business 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. Sell-side analysts forecast that Iron Mountain Incorporated will post 5.42 earnings per share for the current year.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th were issued a $0.8640 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a yield of 3.0%. Iron Mountain’s dividend payout ratio (DPR) is 247.14%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Weiss Ratings cut shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Rothschild & Co Redburn began coverage on Iron Mountain in a report on Monday, September 21st. They issued a “buy” rating and a $132.00 price target for the company. Truist Financial lifted their price target on Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Barclays lifted their price target on Iron Mountain from $143.00 to $144.00 and gave the company an “overweight” rating in a research note on Tuesday, September 8th. Finally, Wells Fargo & Company upped their price objective on Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Iron Mountain currently has a consensus rating of “Moderate Buy” and an average price target of $139.83.

Insider Buying and Selling at Iron Mountain

In related news, EVP Mark Kidd sold 6,000 shares of the company’s 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 in the company, valued at $12,454,908.90. This represents a 5.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the company’s 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 owned 38,474 shares in the company, valued at approximately $4,681,131.58. This represents a 50.00% decrease in their position. 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. Over the last three months, insiders sold 137,422 shares of company stock valued at $15,881,099. Corporate insiders own 1.70% of the company’s stock.

Iron Mountain Company Profile

Iron Mountain Incorporated (NYSE: IRM) is a global information management and data center services company. It helps organizations protect, manage and access physical and digital information, including business records, documents, backup media and other critical assets.

The company provides records storage and retrieval, secure shredding and destruction, information governance, digitization, document management and data migration services. Iron Mountain also operates data centers and offers colocation, hybrid cloud and related infrastructure services.