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

Iron Mountain Incorporated (NYSE:IRM) EVP Greg Mcintosh sold 5,000 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $116.96, for a total transaction of $584,800.00. Following the transaction, the executive vice president directly owned 65,634 shares of the company’s stock, valued at approximately $7,676,552.64. This represents a 7.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Iron Mountain Stock Up 1.2%

Shares of IRM stock traded up $1.43 during trading hours on Tuesday, hitting $116.61. 1,600,570 shares of the company were exchanged, compared to its average volume of 1,698,995. The firm has a fifty day moving average of $114.53 and a 200 day moving average of $115.01. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.68. The firm has a market cap of $34.72 billion, a PE ratio of 83.29 and a beta of 1.17.

Iron Mountain (NYSE:IRM) last released its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the firm earned $1.24 earnings per share. Iron Mountain’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. Analysts expect that Iron Mountain Incorporated will post 5.42 earnings per share for the current year.

Iron Mountain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Tuesday, September 15th were given a $0.8640 dividend. This represents a $3.46 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, September 15th. Iron Mountain’s dividend payout ratio (DPR) is 246.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on IRM shares. BNP Paribas Exane upped their price target on Iron Mountain from $138.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Weiss Ratings cut Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. The Goldman Sachs Group boosted their target price on Iron Mountain from $153.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, October 6th. Rothschild & Co Redburn initiated coverage on shares of Iron Mountain in a research report on Monday, September 21st. They set a “buy” rating and a $132.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their price target on shares of Iron Mountain from $138.00 to $147.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Iron Mountain currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.89.

Institutional Trading of Iron Mountain

Large investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Iron Mountain during the 2nd quarter valued at $4,240,342,000. Principal Financial Group Inc. lifted its holdings in Iron Mountain by 8.5% in the 1st quarter. Principal Financial Group Inc. now owns 4,566,093 shares of the financial services provider’s stock worth $466,382,000 after buying an additional 358,497 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Iron Mountain by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,552,286 shares of the financial services provider’s stock valued at $464,931,000 after buying an additional 122,927 shares during the last quarter. Legal & General Group Plc purchased a new position in Iron Mountain in the 2nd quarter valued at about $409,843,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Iron Mountain by 29,674.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,193,560 shares of the financial services provider’s stock valued at $403,379,000 after acquiring an additional 3,182,834 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global information management and storage company that helps organizations protect, manage and optimize their physical and digital assets. Founded in 1951, the company began as a records storage provider and has expanded into a broader information lifecycle management business.

Its services include records storage and retrieval, information governance, secure shredding and destruction, document scanning, digital transformation, backup and recovery, and data center services.