Westpac Banking Corp boosted its position in Iron Mountain Incorporated (NYSE:IRM – Free Report) by 26.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,370 shares of the financial services provider’s stock after buying an additional 4,914 shares during the period. Westpac Banking Corp’s holdings in Iron Mountain were worth $1,939,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Iron Mountain by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 47,253,100 shares of the financial services provider’s stock valued at $4,816,981,000 after buying an additional 188,213 shares in the last quarter. State Street Corp increased its position in Iron Mountain by 1.9% in the 3rd quarter. State Street Corp now owns 17,131,787 shares of the financial services provider’s stock valued at $1,759,494,000 after buying an additional 322,144 shares in the last quarter. Geode Capital Management LLC increased its position in Iron Mountain by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 8,292,653 shares of the financial services provider’s stock valued at $685,374,000 after buying an additional 102,073 shares in the last quarter. Invesco Ltd. increased its position 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 valued at $516,481,000 after buying an additional 776,933 shares in the last quarter. Finally, Norges Bank bought a new stake in Iron Mountain in the 4th quarter valued at about $368,890,000. 80.13% of the stock is owned by institutional investors.
Insider Transactions at Iron Mountain
In other news, CAO Daniel Borges sold 7,189 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $125.50, for a total value of $902,219.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mithu Bhargava sold 59,725 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $104.62, for a total value of $6,248,429.50. Following the completion of the transaction, the executive vice president owned 16,054 shares in the company, valued at $1,679,569.48. The trade was a 78.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 202,985 shares of company stock worth $23,452,265. 1.70% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on Iron Mountain
Iron Mountain Stock Performance
IRM stock opened at $128.18 on Thursday. The company has a market capitalization of $38.14 billion, a P/E ratio of 140.86 and a beta of 1.19. Iron Mountain Incorporated has a 52-week low of $77.77 and a 52-week high of $134.09. The business has a 50-day simple moving average of $117.42 and a two-hundred day simple moving average of $101.99.
Iron Mountain (NYSE:IRM – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.10. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.86 billion. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The company’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the business 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. 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 business also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Monday, June 15th will be paid a dividend of $0.864 per share. The ex-dividend date is Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.7%. Iron Mountain’s payout ratio is 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.
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