Iron Mountain (NYSE:IRM) EVP Sells $693,600.00 in Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $11,040,609.20. The trade was a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Kidd also recently made the following trade(s):

• On Friday, August 7th, Mark Kidd sold 6,000 shares of Iron Mountain stock. The shares were sold at an average price of $122.70, for a total value of $736,200.00.

Iron Mountain Stock Down 2.0%

Shares of IRM stock traded down $2.26 on Wednesday, hitting $111.96. The company had a trading volume of 2,651,386 shares, compared to its average volume of 1,763,109. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.68. The firm has a market cap of $33.33 billion, a P/E ratio of 79.97 and a beta of 1.18. The company has a 50-day moving average price of $123.17 and a 200-day moving average price of $118.49.

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

Iron Mountain Dividend Announcement

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

Analyst Ratings Changes

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

Institutional Trading of Iron Mountain

Institutional investors and hedge funds have recently modified their holdings of the stock. Canada Pension Plan Investment Board purchased a new stake in shares of Iron Mountain during the second quarter worth approximately $3,709,000. RB Capital Management LLC purchased a new position in Iron Mountain in the 2nd quarter valued at $5,907,000. Sanctuary Advisors LLC purchased a new position in Iron Mountain in the 2nd quarter valued at $17,300,000. Glenview Trust Co acquired a new stake in Iron Mountain during the 2nd quarter worth $1,391,000. Finally, BDFS Capital LLC purchased a new stake in shares of Iron Mountain during the fourth quarter worth $340,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

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.