Insider Selling: Iron Mountain (NYSE:IRM) EVP Sells $578,000.00 in Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Greg Mcintosh sold 5,000 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $115.60, for a total value of $578,000.00. Following the transaction, the executive vice president owned 75,634 shares of the company’s stock, valued at approximately $8,743,290.40. This trade represents a 6.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Iron Mountain Price Performance

Shares of IRM traded down $2.26 during midday trading on Wednesday, hitting $111.96. The stock had a trading volume of 2,651,386 shares, compared to its average volume of 1,763,109. The firm has a market cap of $33.33 billion, a price-to-earnings ratio of 79.97 and a beta of 1.18. The company has a 50 day simple moving average of $123.17 and a two-hundred day simple moving average of $118.49. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.68.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.06. The company had revenue of $2.03 billion during 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%.Iron Mountain’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the prior year, the firm 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. Analysts forecast that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.864 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a yield of 3.1%. Iron Mountain’s dividend payout ratio is 246.43%.

Hedge Funds Weigh In On Iron Mountain

A number of institutional investors have recently bought and sold shares of the business. Brown Financial Advisors boosted its position in Iron Mountain by 3.6% during the 2nd quarter. Brown Financial Advisors now owns 2,580 shares of the financial services provider’s stock valued at $326,000 after acquiring an additional 90 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Iron Mountain by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 33,889 shares of the financial services provider’s stock worth $3,461,000 after purchasing an additional 100 shares in the last quarter. Rothschild Investment LLC lifted its position in shares of Iron Mountain by 15.4% during the fourth quarter. Rothschild Investment LLC now owns 780 shares of the financial services provider’s stock valued at $65,000 after buying an additional 104 shares during the last quarter. Meeder Advisory Services Inc. lifted its position in shares of Iron Mountain by 2.9% during the first quarter. Meeder Advisory Services Inc. now owns 3,741 shares of the financial services provider’s stock valued at $382,000 after buying an additional 107 shares during the last quarter. Finally, Corrado Advisors LLC boosted its holdings in shares of Iron Mountain by 0.6% in the 4th quarter. Corrado Advisors LLC now owns 19,856 shares of the financial services provider’s stock valued at $1,647,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on IRM shares. Wall Street Zen lowered shares of Iron Mountain from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Wells Fargo & Company raised their target price on shares of Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Barclays lifted their price target on shares of Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Truist Financial increased their price objective on shares of Iron Mountain from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Finally, Weiss Ratings cut Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Iron Mountain has a consensus rating of “Moderate Buy” and an average target price of $137.67.

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.