Iron Mountain Incorporated $IRM Stock: Robeco Institutional Asset Management B.V. Raises Stake

Robeco Institutional Asset Management B.V. boosted its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 2.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 303,716 shares of the financial services provider’s stock after buying an additional 5,817 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.10% of Iron Mountain worth $33,697,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. RB Capital Management LLC purchased a new stake in Iron Mountain in the 2nd quarter worth about $5,907,000. Canada Pension Plan Investment Board bought a new stake in Iron Mountain in the second quarter worth about $3,709,000. Glenview Trust Co purchased a new position in shares of Iron Mountain during the second quarter valued at approximately $1,391,000. Sanctuary Advisors LLC purchased a new position in shares of Iron Mountain during the second quarter valued at approximately $17,300,000. Finally, Deutsche Bank AG bought a new position in shares of Iron Mountain during the second quarter valued at approximately $385,129,000. Institutional investors own 80.13% of the company’s stock.

Insider Activity

In related news, EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 95,507 shares in the company, valued at approximately $11,040,609.20. The trade was a 5.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Meaney sold 38,474 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $110.45, for a total value of $4,249,453.30. Following the completion of the transaction, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $4,249,453.30. 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. Over the last quarter, insiders sold 137,422 shares of company stock valued at $15,881,099. Corporate insiders own 1.70% of the company’s stock.

Iron Mountain Price Performance

IRM stock opened at $110.88 on Friday. The company has a market capitalization of $33.01 billion, a PE ratio of 79.20 and a beta of 1.17. Iron Mountain Incorporated has a 12 month low of $77.77 and a 12 month high of $134.68. The firm’s 50-day moving average is $115.86 and its 200 day moving average is $120.50.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.97 billion. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the business posted $1.24 EPS. 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. Sell-side analysts forecast that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.8640 per share. This represents a $3.46 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, September 15th. Iron Mountain’s payout ratio is currently 247.14%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on IRM shares. Wall Street Zen cut Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Barclays raised their price target on Iron Mountain from $143.00 to $144.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 8th. Wells Fargo & Company boosted their price objective on Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Rothschild & Co Redburn assumed coverage on Iron Mountain in a research report on Monday, September 21st. They issued a “buy” rating and a $132.00 price objective on the stock. Finally, Truist Financial upped their price objective on Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $139.83.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global information management and storage company that helps organizations protect, manage and optimize their physical and digital assets. Founded in 1951, the company began as a records storage provider and has expanded into a broader information lifecycle management business.

Its services include records storage and retrieval, information governance, secure shredding and destruction, document scanning, digital transformation, backup and recovery, and data center services.