Madison Asset Management LLC Makes New $2.15 Million Investment in Iron Mountain Incorporated $IRM

Madison Asset Management LLC bought a new stake in Iron Mountain Incorporated (NYSE:IRM) in the second quarter, HoldingsChannel reports. The institutional investor bought 17,052 shares of the financial services provider’s stock, valued at approximately $2,154,000.

Several other institutional investors also recently made changes to their positions in IRM. BlackRock Inc. acquired a new position in shares of Iron Mountain during the 2nd quarter worth $4,240,342,000. Norges Bank acquired a new stake in shares of Iron Mountain in the fourth quarter valued at about $368,890,000. Cohen & Steers Inc. lifted its stake in shares of Iron Mountain by 20.0% in the fourth quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock valued at $1,568,110,000 after purchasing an additional 3,155,034 shares during the period. Deutsche Bank AG purchased a new stake in Iron Mountain during the second quarter worth about $385,129,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Iron Mountain by 597.9% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,161,589 shares of the financial services provider’s stock worth $322,292,000 after buying an additional 2,708,560 shares during the period. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Iron Mountain Stock Performance

Shares of IRM stock opened at $123.09 on Friday. The firm has a market capitalization of $36.64 billion, a price-to-earnings ratio of 87.92 and a beta of 1.20. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.68. The company has a 50 day moving average price of $124.62 and a 200 day moving average price of $117.04.

Iron Mountain (NYSE:IRM) last issued its earnings results 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. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the company posted $1.24 EPS. The business’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. As a group, equities analysts forecast that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be issued a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 15th. Iron Mountain’s dividend payout ratio (DPR) is 247.14%.

Analysts Set New Price Targets

A number of brokerages have issued reports on IRM. Barclays increased their target price 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. JPMorgan Chase & Co. boosted their price target on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Weiss Ratings upgraded Iron Mountain from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Wall Street Zen downgraded Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Iron Mountain currently has an average rating of “Moderate Buy” and an average target price of $135.17.

Insider Activity

In related news, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $122.70, for a total value of $736,200.00. Following the transaction, the executive vice president owned 101,507 shares in the company, valued at approximately $12,454,908.90. This trade represents a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of Iron Mountain stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $121.67, for a total transaction of $4,681,131.58. Following the transaction, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $4,681,131.58. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 127,422 shares of company stock worth $15,810,652 over the last ninety days. Corporate insiders own 1.70% 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.