Iron Mountain (NYSE:IRM) Earns Buy Rating from Analysts at Rothschild & Co Redburn

Rothschild & Co Redburn initiated coverage on shares of Iron Mountain (NYSE:IRM) in a report issued on Monday morning, MarketBeat reports. The brokerage issued a buy rating and a $132.00 price objective on the financial services provider’s stock.

Other analysts have also issued research reports about the stock. Weiss Ratings lowered shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Wall Street Zen downgraded shares of Iron Mountain from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Barclays increased their target price on shares of Iron Mountain from $143.00 to $144.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 8th. Truist Financial raised their target price on Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Finally, Wells Fargo & Company lifted their price target on Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.83.

Iron Mountain Stock Down 2.7%

IRM opened at $114.93 on Monday. The company has a market cap of $34.22 billion, a P/E ratio of 82.10 and a beta of 1.18. The firm’s 50-day moving average price is $120.58 and its 200-day moving average price is $119.13. Iron Mountain has a 52-week low of $77.77 and a 52-week high of $134.68.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.06. The firm 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%.The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period last year, the business 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. On average, research analysts anticipate that Iron Mountain 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. Stockholders of record on Tuesday, September 15th will be paid a $0.864 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.0%. Iron Mountain’s payout ratio is currently 247.14%.

Insiders Place Their Bets

In other Iron Mountain news, EVP Greg W. Mcintosh sold 5,000 shares of the company’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 $578,000.00. Following the completion of the sale, the executive vice president directly owned 75,634 shares in the company, valued at $8,743,290.40. This represents a 6.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $115.60, for a total transaction of $693,600.00. Following the completion of the sale, the executive vice president directly owned 95,507 shares of the company’s stock, valued at $11,040,609.20. This represents a 5.91% 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. Insiders have sold a total of 132,422 shares of company stock valued at $15,803,807 in the last 90 days. 1.70% of the stock is owned by insiders.

Institutional Trading of Iron Mountain

Several institutional investors and hedge funds have recently bought and sold shares of IRM. Brown Financial Advisors increased its position in shares of Iron Mountain by 3.6% during the second quarter. Brown Financial Advisors now owns 2,580 shares of the financial services provider’s stock worth $326,000 after acquiring an additional 90 shares during the last quarter. Oregon Public Employees Retirement Fund boosted 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 valued at $3,461,000 after purchasing an additional 100 shares during the last quarter. Rothschild Investment LLC boosted its holdings in Iron Mountain by 15.4% in the fourth quarter. Rothschild Investment LLC now owns 780 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 104 shares during the last quarter. Meeder Advisory Services Inc. increased its holdings in Iron Mountain by 2.9% during the 1st quarter. Meeder Advisory Services Inc. now owns 3,741 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 107 shares during the last quarter. Finally, Corrado Advisors LLC raised its position 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 purchasing an additional 110 shares in the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Iron Mountain Company Profile

Iron Mountain Incorporated (NYSE: IRM) is a global information management and data storage company. Founded in 1951, the company helps organizations protect, manage and preserve physical and digital information throughout its lifecycle.

Its services include records storage, document management, secure shredding and destruction, information governance, data backup and recovery, and digital transformation. Iron Mountain also operates data centers that support colocation, cloud connectivity and other infrastructure needs for businesses and public-sector organizations.

The company serves customers across a range of industries, including financial services, healthcare, government, legal services and entertainment.