Iron Mountain (NYSE:IRM) EVP Sells $767,460.00 in Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $127.91, for a total transaction of $767,460.00. Following the completion of the sale, the executive vice president owned 119,507 shares in the company, valued at approximately $15,286,140.37. This trade represents a 4.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 Wednesday, April 1st, Mark Kidd sold 6,000 shares of Iron Mountain stock. The stock was sold at an average price of $102.71, for a total transaction of $616,260.00.
• On Monday, March 2nd, Mark Kidd sold 6,000 shares of Iron Mountain stock. The shares were sold at an average price of $107.27, for a total transaction of $643,620.00.

Iron Mountain Stock Performance

Iron Mountain stock opened at $126.09 on Thursday. The company’s 50 day simple moving average is $111.27 and its 200-day simple moving average is $99.37. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.09. The company has a market capitalization of $37.51 billion, a price-to-earnings ratio of 138.56 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.10. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the company posted $1.17 EPS. 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. Equities analysts expect that Iron Mountain Incorporated will post 5.4 earnings per share for the current year.

Iron Mountain Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Monday, June 15th will be paid a $0.864 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.7%. Iron Mountain’s payout ratio is presently 380.22%.

Hedge Funds Weigh In On Iron Mountain

A number of institutional investors and hedge funds have recently made changes to their positions in IRM. Intact Investment Management Inc. acquired a new position in shares of Iron Mountain in the 3rd quarter valued at $3,588,000. NewSquare Capital LLC boosted its stake in Iron Mountain by 4,867.6% during the 3rd quarter. NewSquare Capital LLC now owns 11,823 shares of the financial services provider’s stock worth $1,205,000 after purchasing an additional 11,585 shares during the period. Fieldview Capital Management LLC purchased a new position in Iron Mountain during the 3rd quarter worth $3,092,000. J.W. Cole Advisors Inc. increased its stake in Iron Mountain by 54.8% in the third quarter. J.W. Cole Advisors Inc. now owns 33,596 shares of the financial services provider’s stock valued at $3,425,000 after purchasing an additional 11,893 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its stake in Iron Mountain by 17.2% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 103,960 shares of the financial services provider’s stock valued at $10,598,000 after purchasing an additional 15,225 shares during the period. 80.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on IRM shares. Wells Fargo & Company increased their target price on Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Loop Capital set a $130.00 price target on shares of Iron Mountain in a research note on Wednesday, March 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Barclays raised their price objective on shares of Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Iron Mountain currently has an average rating of “Moderate Buy” and a consensus price target of $131.67.

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.