North Dakota State Investment Board bought a new position in Iron Mountain Incorporated (NYSE:IRM – Free Report) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 10,059 shares of the financial services provider’s stock, valued at approximately $834,000.
A number of other institutional investors have also bought and sold shares of IRM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Iron Mountain by 597.9% in the 3rd 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 in the last quarter. Principal Financial Group Inc. lifted its stake in Iron Mountain by 66.5% in the 4th quarter. Principal Financial Group Inc. now owns 4,207,596 shares of the financial services provider’s stock worth $349,021,000 after purchasing an additional 1,680,438 shares in the last quarter. Invesco Ltd. lifted its stake in Iron Mountain by 18.1% in the 3rd 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 in the last quarter. Centersquare Investment Management LLC lifted its stake in Iron Mountain by 23.8% in the 3rd 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 in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Iron Mountain by 331.5% in the 3rd 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 in the last quarter. 80.13% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were 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 of the company’s stock, valued at approximately $15,286,140.37. This represents a 4.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer Allerton sold 7,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $108.88, for a total transaction of $762,160.00. Following the completion of the sale, the director directly owned 11,541 shares of the company’s stock, valued at $1,256,584.08. The trade was a 37.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 498,014 shares of company stock valued at $54,269,373. 1.70% of the stock is owned by insiders.
Iron Mountain Trading Up 1.7%
Iron Mountain (NYSE:IRM – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the company earned $1.17 EPS. The company’s revenue for the quarter 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, sell-side analysts forecast that Iron Mountain Incorporated will post 5.4 earnings per share for the current fiscal year.
Iron Mountain Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Monday, June 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 of this dividend is Monday, June 15th. Iron Mountain’s dividend payout ratio is presently 380.22%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on IRM shares. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research note on Tuesday, April 21st. Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Barclays raised their price target on shares of Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Wells Fargo & Company raised their price target on shares of Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Finally, Loop Capital set a $130.00 price target on shares of Iron Mountain in a report on Wednesday, March 4th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $131.67.
View Our Latest Stock Report on IRM
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.
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