VIRGINIA RETIREMENT SYSTEMS ET Al Invests $55.80 Million in Iron Mountain Incorporated $IRM

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Iron Mountain Incorporated (NYSE:IRM) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 441,803 shares of the financial services provider’s stock, valued at approximately $55,804,000.

Other institutional investors have also recently made changes to their positions in the company. California State Teachers Retirement System increased its stake in shares of Iron Mountain by 12,879.2% in the 2nd quarter. California State Teachers Retirement System now owns 54,885,358 shares of the financial services provider’s stock worth $6,932,570,000 after acquiring an additional 54,462,487 shares in the last quarter. BlackRock Inc. bought a new stake in Iron Mountain during the second quarter worth about $4,240,342,000. Norges Bank purchased a new stake in Iron Mountain in the fourth quarter worth about $368,890,000. Legal & General Group Plc bought a new position in shares of Iron Mountain during the second quarter valued at approximately $409,843,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 purchasing an additional 3,182,834 shares in the last quarter. Institutional investors own 80.13% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $115.60, for a total value of $693,600.00. Following the transaction, the executive vice president directly owned 95,507 shares in the company, valued at $11,040,609.20. This trade represents a 5.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 on Tuesday, September 1st. The shares were sold at an average price of $114.08, for a total value of $4,389,113.92. Following the sale, the chief executive officer owned 38,474 shares of the company’s stock, valued at approximately $4,389,113.92. This trade represents a 50.00% 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. In the last quarter, insiders sold 132,422 shares of company stock valued at $15,803,807. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IRM. Wells Fargo & Company boosted their price target on Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Wall Street Zen lowered Iron Mountain from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Weiss Ratings downgraded Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Finally, Barclays increased their target price on Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Iron Mountain currently has a consensus rating of “Moderate Buy” and an average target price of $137.67.

Iron Mountain Stock Performance

Shares of Iron Mountain stock opened at $116.81 on Monday. The company has a 50-day simple moving average of $122.18 and a two-hundred day simple moving average of $118.63. 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 52-week low of $77.77 and a 52-week high of $134.68.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, beating 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 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $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, equities research analysts forecast that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.864 per share. This represents a $3.46 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, September 15th. Iron Mountain’s dividend payout ratio (DPR) is currently 247.14%.

Iron Mountain 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.