ProShare Advisors LLC raised its holdings in shares of Iron Mountain Incorporated (NYSE:IRM – Free Report) by 7.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,548 shares of the financial services provider’s stock after purchasing an additional 4,682 shares during the quarter. ProShare Advisors LLC’s holdings in Iron Mountain were worth $5,520,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Koshinski Asset Management Inc. grew its stake in Iron Mountain by 2.0% during the 3rd quarter. Koshinski Asset Management Inc. now owns 5,108 shares of the financial services provider’s stock valued at $521,000 after purchasing an additional 98 shares in the last quarter. NorthCrest Asset Manangement LLC grew its stake in Iron Mountain by 3.6% during 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 in the last quarter. Coldstream Capital Management Inc. grew its stake in Iron Mountain by 1.6% during the 3rd quarter. Coldstream Capital Management Inc. now owns 7,506 shares of the financial services provider’s stock valued at $765,000 after purchasing an additional 121 shares in the last quarter. Personal CFO Solutions LLC grew its stake in Iron Mountain by 5.3% during the 3rd quarter. Personal CFO Solutions LLC now owns 2,450 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 124 shares in the last quarter. Finally, Seelaus Asset Management LLC grew its stake in Iron Mountain by 4.5% during the 3rd quarter. Seelaus Asset Management LLC now owns 2,900 shares of the financial services provider’s stock valued at $296,000 after purchasing an additional 125 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Wells Fargo & Company raised their price objective on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Truist Financial set a $140.00 price objective on Iron Mountain in a research note on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a research note on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Iron Mountain has an average rating of “Moderate Buy” and a consensus target price of $131.67.
Insider Transactions at Iron Mountain
In other news, Director Jennifer Allerton sold 7,000 shares of Iron Mountain stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $108.88, for a total value of $762,160.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction that occurred on 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 approximately $15,286,140.37. This trade represents a 4.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 498,771 shares of company stock worth $54,363,582 in the last quarter. Insiders own 1.70% of the company’s stock.
Iron Mountain Trading Down 0.6%
Shares of IRM opened at $126.58 on Friday. The firm has a market cap of $37.66 billion, a price-to-earnings ratio of 139.10 and a beta of 1.20. The stock has a 50 day moving average of $113.86 and a 200-day moving average of $100.48. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week high of $134.09.
Iron Mountain (NYSE:IRM – Get Free Report) last issued its earnings results on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.50 by $0.10. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The business’s revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the firm earned $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. On average, sell-side analysts predict that Iron Mountain Incorporated will post 5.4 earnings per share for the current fiscal year.
Iron Mountain Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders 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 dividend payout ratio (DPR) is presently 379.12%.
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.
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