15,100 Shares in Iron Mountain Incorporated $IRM Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in Iron Mountain Incorporated (NYSE:IRM) during the 1st quarter, HoldingsChannel reports. The fund acquired 15,100 shares of the financial services provider’s stock, valued at approximately $1,542,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IRM. NewSquare Capital LLC increased its position in Iron Mountain by 4,867.6% in the third quarter. NewSquare Capital LLC now owns 11,823 shares of the financial services provider’s stock worth $1,205,000 after buying an additional 11,585 shares during the last quarter. Fieldview Capital Management LLC purchased a new position in shares of Iron Mountain during the 3rd quarter valued at $3,092,000. BDFS Capital LLC bought a new position in shares of Iron Mountain during the 4th quarter worth $340,000. Allstate Corp grew its stake in shares of Iron Mountain by 105.1% during the 4th quarter. Allstate Corp now owns 22,427 shares of the financial services provider’s stock worth $1,860,000 after acquiring an additional 11,492 shares during the period. Finally, Pensionfund Sabic purchased a new stake in Iron Mountain in the 4th quarter worth about $1,559,000. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays increased their target price on shares of Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wall Street Zen lowered shares of Iron Mountain from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. Weiss Ratings raised shares of Iron Mountain from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Wells Fargo & Company raised their price objective on shares of Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Finally, Truist Financial set a $140.00 price objective on shares of Iron Mountain in a research note on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $134.33.

Insider Activity

In related news, CAO Daniel Borges sold 7,189 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $125.50, for a total transaction of $902,219.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Walter C. Rakowich sold 757 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $124.45, for a total value of $94,208.65. Following the completion of the sale, the director directly owned 1,135 shares of the company’s stock, valued at approximately $141,250.75. This represents a 40.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 98,786 shares of company stock worth $12,635,911. 1.70% of the stock is currently owned by insiders.

Iron Mountain Trading Down 3.5%

IRM stock opened at $121.88 on Thursday. The company’s 50 day moving average is $125.76 and its 200 day moving average is $107.89. The stock has a market cap of $36.26 billion, a price-to-earnings ratio of 133.93 and a beta of 1.19. Iron Mountain Incorporated has a 1-year low of $77.77 and a 1-year high of $134.68.

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

Iron Mountain Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be issued a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date 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.