Iron Mountain (NYSE:IRM – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.
IRM has been the topic of a number of other research reports. Loop Capital set a $130.00 price target on shares of Iron Mountain in a report on Wednesday, March 4th. Barclays increased their price objective on Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Truist Financial set a $140.00 price objective on shares of Iron Mountain in a research note on Friday, May 1st. Finally, Wells Fargo & Company raised their target price on shares of Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.
View Our Latest Research Report on IRM
Iron Mountain Price Performance
Iron Mountain (NYSE:IRM – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.50 by $0.10. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business 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. As a group, research analysts expect that Iron Mountain will post 5.4 EPS for the current year.
Insider Activity at Iron Mountain
In related news, Director Jennifer Allerton sold 7,000 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $108.88, for a total value of $762,160.00. Following the completion of the sale, the director owned 11,541 shares in the company, valued at approximately $1,256,584.08. This trade represents a 37.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mithu Bhargava sold 59,725 shares of the business’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 in the company, valued at $1,679,569.48. This represents a 78.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 498,014 shares of company stock worth $54,269,373 over the last ninety days. Corporate insiders own 1.70% of the company’s stock.
Hedge Funds Weigh In On Iron Mountain
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Koshinski Asset Management Inc. increased its stake in Iron Mountain by 2.0% in the third quarter. Koshinski Asset Management Inc. now owns 5,108 shares of the financial services provider’s stock valued at $521,000 after acquiring an additional 98 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Iron Mountain by 0.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 33,889 shares of the financial services provider’s stock valued at $3,461,000 after purchasing an additional 100 shares in the last quarter. NorthCrest Asset Manangement LLC grew its stake in shares of Iron Mountain by 3.6% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 2,929 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 103 shares during the period. Rothschild Investment LLC raised its holdings in shares of Iron Mountain by 15.4% in the 4th quarter. Rothschild Investment LLC now owns 780 shares of the financial services provider’s stock worth $65,000 after buying an additional 104 shares in the last quarter. Finally, Meeder Advisory Services Inc. lifted its position in shares of Iron Mountain by 2.9% during the 1st quarter. Meeder Advisory Services Inc. now owns 3,741 shares of the financial services provider’s stock worth $382,000 after buying an additional 107 shares during the period. 80.13% of the stock is owned by institutional investors.
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.
Featured Articles
- Five stocks we like better than Iron Mountain
- D-Wave Earnings Looked Weak, But Investors May Be Missing This
- Nebius Upside Expands as AI Feedback Loop Intensifies
- Insider Trades: Okta and Abbott See Buys, Micron Insiders Sell
- Plug Power Flips The Switch On Profitability
Receive News & Ratings for Iron Mountain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iron Mountain and related companies with MarketBeat.com's FREE daily email newsletter.
