Mitchell Mcleod Pugh & Williams Inc. Acquires New Holdings in Iron Mountain Incorporated $IRM

Mitchell Mcleod Pugh & Williams Inc. acquired a new stake in Iron Mountain Incorporated (NYSE:IRM) in the 4th quarter, Holdings Channel.com reports. The fund acquired 10,200 shares of the financial services provider’s stock, valued at approximately $846,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Johnson Financial Group Inc. acquired a new position in shares of Iron Mountain in the 3rd quarter valued at approximately $32,000. Franchise GP Ltd acquired a new position in shares of Iron Mountain in the 4th quarter valued at approximately $38,000. Wealth Watch Advisors INC acquired a new position in shares of Iron Mountain in the 3rd quarter valued at approximately $44,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Iron Mountain in the 4th quarter valued at approximately $45,000. Finally, Global Wealth Strategies & Associates acquired a new position in shares of Iron Mountain in the 4th quarter valued at approximately $50,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO William L. Meaney sold 38,474 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $127.55, for a total value of $4,907,358.70. Following the sale, the chief executive officer owned 38,474 shares in the company, valued at approximately $4,907,358.70. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Pamela M. Arway sold 1,892 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $128.97, for a total value of $244,011.24. Following the sale, the director directly owned 40,196 shares of the company’s stock, valued at $5,184,078.12. This represents a 4.50% 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 have sold a total of 202,985 shares of company stock worth $23,452,265 in the last quarter. 1.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on IRM shares. Truist Financial set a $140.00 price target on shares of Iron Mountain in a research note on Friday, May 1st. Wells Fargo & Company raised their price target on shares of Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Barclays raised their price target on shares of Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Loop Capital set a $130.00 price target on shares of Iron Mountain in a research note on Wednesday, March 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.

Iron Mountain Trading Down 2.0%

NYSE IRM opened at $123.63 on Thursday. The company has a market cap of $36.78 billion, a PE ratio of 135.86 and a beta of 1.19. Iron Mountain Incorporated has a 12 month low of $77.77 and a 12 month high of $134.09. The stock has a 50 day moving average of $120.05 and a 200-day moving average of $103.32.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.50 by $0.10. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.86 billion. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 EPS. Iron Mountain has set its Q2 2026 guidance at 1.400-1.400 EPS and its FY 2026 guidance at 5.790-5.860 EPS. As a group, sell-side analysts predict that Iron Mountain Incorporated will post 5.4 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Monday, June 15th will be issued a $0.864 dividend. This represents a $3.46 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, June 15th. Iron Mountain’s dividend payout ratio is presently 380.22%.

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.