SEB Asset Management AB Buys Shares of 69,230 Iron Mountain Incorporated $IRM

SEB Asset Management AB purchased a new position in Iron Mountain Incorporated (NYSE:IRM) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 69,230 shares of the financial services provider’s stock, valued at approximately $7,071,000.

A number of other institutional investors have also recently made changes to their positions in the stock. BDFS Capital LLC purchased a new position in shares of Iron Mountain in the 4th quarter worth about $340,000. Allstate Corp raised its holdings in shares of Iron Mountain by 105.1% during the 4th quarter. Allstate Corp now owns 22,427 shares of the financial services provider’s stock valued at $1,860,000 after buying an additional 11,492 shares in the last quarter. Pensionfund Sabic bought a new stake in Iron Mountain in the 4th quarter worth approximately $1,559,000. Stevens Capital Management LP bought a new stake in Iron Mountain in the 4th quarter worth approximately $1,262,000. Finally, Intact Investment Management Inc. boosted its stake in Iron Mountain by 103.4% in the fourth quarter. Intact Investment Management Inc. now owns 71,600 shares of the financial services provider’s stock worth $5,939,000 after buying an additional 36,400 shares in the last quarter. Institutional investors own 80.13% of the company’s stock.

Insider Transactions at Iron Mountain

In other news, Director Walter C. Rakowich sold 757 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total transaction of $94,208.65. Following the completion of the sale, the director directly owned 1,135 shares in the company, valued at approximately $141,250.75. This represents a 40.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $127.91, for a total value of $767,460.00. Following the completion of the sale, the executive vice president directly owned 119,507 shares in the company, valued at $15,286,140.37. The trade was a 4.78% 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. In the last three months, insiders have sold 137,260 shares of company stock valued at $17,361,672. Company insiders own 1.70% of the company’s stock.

Iron Mountain Price Performance

Shares of Iron Mountain stock opened at $125.34 on Wednesday. The business’s 50 day simple moving average is $125.33 and its two-hundred day simple moving average is $111.75. The stock has a market capitalization of $37.29 billion, a P/E ratio of 137.74 and a beta of 1.19. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.68.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share 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 firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the firm posted $1.17 earnings per share. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. 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. Sell-side analysts expect that Iron Mountain Incorporated will post 5.4 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were issued a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Monday, June 15th. Iron Mountain’s dividend payout ratio (DPR) is 379.12%.

Analysts Set New Price Targets

IRM has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Wall Street Zen raised shares of Iron Mountain from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Wells Fargo & Company lifted their target price on shares of Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Finally, Barclays boosted their price target on shares of Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.33.

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.