Iron Mountain Incorporated $IRM Shares Sold by Marble Harbor Investment Counsel LLC

Marble Harbor Investment Counsel LLC lowered its holdings in Iron Mountain Incorporated (NYSE:IRM) by 3.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 314,020 shares of the financial services provider’s stock after selling 11,240 shares during the quarter. Iron Mountain comprises approximately 2.8% of Marble Harbor Investment Counsel LLC’s portfolio, making the stock its 7th largest holding. Marble Harbor Investment Counsel LLC’s holdings in Iron Mountain were worth $26,048,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in IRM. Vanguard Group Inc. grew its stake in shares of Iron Mountain by 0.4% in the third quarter. Vanguard Group Inc. now owns 47,253,100 shares of the financial services provider’s stock valued at $4,816,981,000 after buying an additional 188,213 shares in the last quarter. State Street Corp grew its holdings in Iron Mountain by 1.9% during the 3rd quarter. State Street Corp now owns 17,131,787 shares of the financial services provider’s stock valued at $1,759,494,000 after purchasing an additional 322,144 shares in the last quarter. Invesco Ltd. grew its holdings in Iron Mountain by 18.1% during the 3rd quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock valued at $516,481,000 after purchasing an additional 776,933 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Iron Mountain by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,348,039 shares of the financial services provider’s stock valued at $443,222,000 after purchasing an additional 55,273 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Iron Mountain by 66.5% during the 4th quarter. Principal Financial Group Inc. now owns 4,207,596 shares of the financial services provider’s stock valued at $349,021,000 after purchasing an additional 1,680,438 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insider Buying and Selling at Iron Mountain

In related news, Director Jennifer Allerton sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $108.88, for a total transaction of $762,160.00. Following the completion of the transaction, the director owned 11,541 shares in the company, valued at $1,256,584.08. The trade was a 37.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William L. Meaney sold 137,133 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $109.39, for a total value of $15,000,978.87. Following the transaction, the chief executive officer owned 295,975 shares of the company’s stock, valued at $32,376,705.25. This represents a 31.66% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 498,014 shares of company stock valued at $54,269,373. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wells Fargo & Company raised their price objective on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Barclays raised their price objective on Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. raised their price objective on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Truist Financial set a $140.00 price objective on shares of Iron Mountain in a report on Friday, May 1st. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Iron Mountain currently has a consensus rating of “Moderate Buy” and an average price target of $131.67.

Iron Mountain Trading Down 0.3%

Shares of IRM opened at $123.54 on Wednesday. The firm has a market cap of $36.76 billion, a price-to-earnings ratio of 135.76 and a beta of 1.20. The stock has a 50 day moving average of $112.72 and a 200-day moving average of $99.95. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week high of $134.09.

Iron Mountain (NYSE:IRM) last issued its earnings results on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.50 by $0.10. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm earned $1.17 EPS. The business’s revenue was up 21.5% on a year-over-year basis. 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. On average, sell-side analysts predict that Iron Mountain Incorporated will post 5.4 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.46 annualized dividend and a dividend yield of 2.8%. Iron Mountain’s payout ratio is 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.