Truist Financial Corp Decreases Stake in Iron Mountain Incorporated $IRM

Truist Financial Corp reduced its position in Iron Mountain Incorporated (NYSE:IRM) by 17.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 36,944 shares of the financial services provider’s stock after selling 7,974 shares during the period. Truist Financial Corp’s holdings in Iron Mountain were worth $3,064,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of IRM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of 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 purchasing an additional 2,708,560 shares during the last quarter. Invesco Ltd. lifted its position in shares of Iron Mountain by 18.1% during the third quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock worth $516,481,000 after purchasing an additional 776,933 shares during the last quarter. Centersquare Investment Management LLC lifted its position in shares of Iron Mountain by 23.8% during the third quarter. Centersquare Investment Management LLC now owns 2,514,464 shares of the financial services provider’s stock worth $256,324,000 after purchasing an additional 483,548 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Iron Mountain by 331.5% during the third quarter. AQR Capital Management LLC now owns 457,472 shares of the financial services provider’s stock worth $46,356,000 after purchasing an additional 351,463 shares during the last quarter. Finally, Bamco Inc. NY lifted its position in shares of Iron Mountain by 306.3% during the third quarter. Bamco Inc. NY now owns 436,831 shares of the financial services provider’s stock worth $44,531,000 after purchasing an additional 329,307 shares during the last quarter. Institutional investors own 80.13% of the company’s stock.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, EVP Mithu Bhargava sold 59,725 shares of the firm’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $104.62, for a total value of $6,248,429.50. Following the transaction, the executive vice president owned 16,054 shares of the company’s stock, valued at $1,679,569.48. This trade represents a 78.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 transaction of $767,460.00. Following the completion of the transaction, the executive vice president directly owned 119,507 shares in the company, valued at $15,286,140.37. This represents a 4.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 496,122 shares of company stock worth $54,025,362. Insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on IRM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. JPMorgan Chase & Co. increased their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Zacks Research cut shares of Iron Mountain from a “hold” rating to a “strong sell” rating in a research report on Monday, April 13th. Wells Fargo & Company increased their price target 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, Truist Financial set a $140.00 price target on shares of Iron Mountain in a research report on Friday, May 1st. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $131.67.

Iron Mountain Stock Down 2.8%

Shares of NYSE IRM opened at $126.28 on Wednesday. The firm’s 50-day moving average price is $110.95 and its two-hundred day moving average price is $99.21. Iron Mountain Incorporated has a 52-week low of $77.77 and a 52-week high of $134.09. The stock has a market capitalization of $37.57 billion, a P/E ratio of 138.77 and a beta of 1.20.

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

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Monday, June 15th will be issued 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 yield of 2.7%. Iron Mountain’s dividend payout ratio (DPR) is currently 380.22%.

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.