Iron Mountain Incorporated (NYSE:IRM – Get Free Report) CEO William Meaney sold 38,474 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $127.55, for a total transaction of $4,907,358.70. Following the completion of the sale, the chief executive officer owned 38,474 shares of the company’s stock, valued at approximately $4,907,358.70. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Iron Mountain Price Performance
Shares of IRM stock opened at $130.08 on Friday. The stock has a market cap of $38.70 billion, a P/E ratio of 142.94 and a beta of 1.19. The company has a fifty day moving average price of $118.01 and a two-hundred day moving average price of $102.26. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.09.
Iron Mountain (NYSE:IRM – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.10. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.86 billion. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The company’s revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 earnings per share. 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 anticipate that Iron Mountain Incorporated will post 5.4 EPS for the current fiscal year.
Iron Mountain Announces Dividend
Hedge Funds Weigh In On Iron Mountain
Several hedge funds have recently bought and sold shares of IRM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Iron Mountain by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider’s stock valued at $2,573,000 after buying an additional 1,286 shares during the period. Empowered Funds LLC increased its holdings in Iron Mountain by 10.3% in the 1st quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock valued at $493,000 after buying an additional 537 shares during the period. Woodline Partners LP increased its holdings in Iron Mountain by 41.0% in the 1st quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider’s stock valued at $2,129,000 after buying an additional 7,193 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Iron Mountain by 29.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the financial services provider’s stock valued at $136,000 after buying an additional 300 shares during the period. Finally, Cerity Partners LLC increased its holdings in Iron Mountain by 3.6% in the 2nd quarter. Cerity Partners LLC now owns 35,292 shares of the financial services provider’s stock valued at $3,620,000 after buying an additional 1,222 shares during the period. 80.13% of the stock is owned by institutional investors.
Analyst Ratings Changes
IRM has been the topic of a number of recent research reports. 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 target on shares of Iron Mountain in a research report on Friday, May 1st. Loop Capital set a $130.00 price target on shares of Iron Mountain in a research report on Wednesday, March 4th. 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 research report on Monday, February 23rd. Finally, 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 research report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.67.
Check Out Our Latest Stock Analysis on Iron Mountain
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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