Varma Mutual Pension Insurance Co Takes Position in Iron Mountain Incorporated $IRM

Varma Mutual Pension Insurance Co purchased a new position in shares of Iron Mountain Incorporated (NYSE:IRM) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 67,938 shares of the financial services provider’s stock, valued at approximately $8,581,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IRM. Garton & Associates Financial Advisors LLC bought a new position in Iron Mountain during the 4th quarter valued at about $25,000. Bell Investment Advisors Inc bought a new position in Iron Mountain in the 2nd quarter worth approximately $26,000. Meeder Asset Management Inc. acquired a new position in Iron Mountain during the 2nd quarter worth $27,000. Beaird Harris Wealth Management LLC boosted its position in Iron Mountain by 17,500.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock valued at $29,000 after buying an additional 350 shares during the last quarter. Finally, Dynamic Wealth Strategies LLC acquired a new stake in shares of Iron Mountain in the 1st quarter valued at $31,000. 80.13% of the stock is owned by institutional investors.

Insider Activity at Iron Mountain

In related news, CEO William L. Meaney sold 38,474 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $121.67, for a total transaction of $4,681,131.58. Following the sale, the chief executive officer owned 38,474 shares of the company’s stock, valued at approximately $4,681,131.58. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $122.70, for a total value of $736,200.00. Following the completion of the sale, the executive vice president owned 101,507 shares of the company’s stock, valued at $12,454,908.90. This trade represents a 5.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 127,422 shares of company stock valued at $15,810,652 in the last ninety days. Insiders own 1.70% of the company’s stock.

Iron Mountain Trading Up 0.1%

NYSE IRM opened at $122.19 on Monday. Iron Mountain Incorporated has a 12 month low of $77.77 and a 12 month high of $134.68. The stock has a 50-day simple moving average of $124.52 and a 200 day simple moving average of $117.27. The company has a market capitalization of $36.38 billion, a PE ratio of 87.28 and a beta of 1.20.

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 analysts’ consensus estimates of $0.54 by $0.06. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The company’s revenue 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. As a group, sell-side analysts predict that Iron Mountain Incorporated will post 5.42 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 15th will be issued a dividend of $0.864 per share. The ex-dividend date is Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.8%. Iron Mountain’s payout ratio is currently 247.14%.

Analysts Set New Price Targets

IRM has been the topic of several research reports. Weiss Ratings raised Iron Mountain from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Wells Fargo & Company boosted 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. Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Wall Street Zen lowered shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Truist Financial set a $140.00 price target on shares of Iron Mountain in a research report on Friday, May 1st. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.17.

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.