Iron Mountain Incorporated $IRM Shares Purchased by Inceptionr LLC

Inceptionr LLC grew its position in shares of Iron Mountain Incorporated (NYSE:IRMFree Report) by 84.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 23,512 shares of the financial services provider’s stock after acquiring an additional 10,787 shares during the period. Iron Mountain comprises about 0.5% of Inceptionr LLC’s holdings, making the stock its 3rd largest position. Inceptionr LLC’s holdings in Iron Mountain were worth $1,950,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IRM. Johnson Financial Group Inc. acquired a new stake in Iron Mountain during the third quarter worth about $32,000. Franchise GP Ltd purchased a new position in Iron Mountain in the fourth quarter valued at about $38,000. Wealth Watch Advisors INC purchased a new position in Iron Mountain in the third quarter valued at about $44,000. Kohmann Bosshard Financial Services LLC purchased a new position in Iron Mountain in the fourth quarter valued at about $45,000. Finally, Global Wealth Strategies & Associates bought a new position in Iron Mountain during the 4th quarter worth approximately $50,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on IRM shares. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Loop Capital set a $130.00 price target on Iron Mountain in a report on Wednesday, March 4th. JPMorgan Chase & Co. raised their price target on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wells Fargo & Company raised their target price on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Finally, Wall Street Zen upgraded Iron Mountain from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

Check Out Our Latest Stock Analysis on IRM

Insiders Place Their Bets

In other news, CAO Daniel Borges sold 7,189 shares of the firm’s stock in a transaction 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 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. Also, Director Walter C. Rakowich sold 757 shares of Iron Mountain stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total value of $94,208.65. Following the sale, the director directly owned 1,135 shares of the company’s stock, valued at approximately $141,250.75. The trade was a 40.01% 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 202,985 shares of company stock valued at $23,452,265 over the last quarter. 1.70% of the stock is owned by insiders.

Iron Mountain Stock Performance

Shares of IRM stock opened at $123.63 on Thursday. The stock has a market cap of $36.78 billion, a PE ratio of 135.86 and a beta of 1.19. The business’s fifty day moving average is $120.05 and its 200-day moving average is $103.32. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.09.

Iron Mountain (NYSE:IRMGet Free Report) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.10. The business 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 company’s revenue was up 21.5% compared to the same quarter last year. During the same period last year, the company 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. Equities research analysts predict that Iron Mountain Incorporated will post 5.4 earnings per share for the current 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 given a $0.864 dividend. This represents a $3.46 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, June 15th. Iron Mountain’s dividend payout ratio (DPR) is 380.22%.

About Iron Mountain

(Free Report)

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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Institutional Ownership by Quarter for Iron Mountain (NYSE:IRM)

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