Nomura Asset Management Co. Ltd. Purchases 15,435 Shares of Iron Mountain Incorporated $IRM

Nomura Asset Management Co. Ltd. boosted its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 2.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 544,483 shares of the financial services provider’s stock after purchasing an additional 15,435 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Iron Mountain were worth $45,165,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. bought a new stake in Iron Mountain during the 3rd quarter worth about $32,000. Wealth Watch Advisors INC bought a new stake in Iron Mountain during the 3rd quarter worth about $44,000. Franchise GP Ltd bought a new stake in Iron Mountain during the 4th quarter worth about $38,000. Washington Trust Advisors Inc. bought a new stake in Iron Mountain during the 3rd quarter worth about $54,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Iron Mountain during the 4th quarter worth about $45,000. 80.13% of the stock is owned by institutional investors.

Iron Mountain Price Performance

Shares of IRM stock opened at $128.15 on Monday. The stock has a market cap of $38.13 billion, a PE ratio of 140.83 and a beta of 1.19. The stock has a 50-day moving average of $115.91 and a 200-day moving average of $101.34. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.09.

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

Iron Mountain Dividend Announcement

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

Insiders Place Their Bets

In related news, EVP Mithu Bhargava sold 59,725 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $104.62, for a total value of $6,248,429.50. Following the completion of the transaction, the executive vice president directly owned 16,054 shares in the company, valued at approximately $1,679,569.48. The trade was a 78.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Pamela M. Arway sold 1,892 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $128.97, for a total value of $244,011.24. Following the completion of the transaction, the director owned 40,196 shares of the company’s stock, valued at $5,184,078.12. This represents a 4.50% 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 355,827 shares of company stock worth $38,859,043 in the last three months. 1.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on IRM. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Barclays upped their price target on Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Truist Financial set a $140.00 price target on Iron Mountain in a research note on Friday, May 1st. Wells Fargo & Company upped their price target on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. upped their price target on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Iron Mountain has an average rating of “Moderate Buy” and a consensus price target of $131.67.

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.