Centaurus Financial Inc. Invests $832,000 in Iron Mountain Incorporated $IRM

Posted by Geri Gentry on Aug 29th, 2026

Centaurus Financial Inc. acquired a new position in Iron Mountain Incorporated (NYSE:IRM – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 6,589 shares of the financial services provider’s stock, valued at approximately $832,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. bought a new stake in Iron Mountain during the second quarter valued at approximately $4,240,342,000. Norges Bank bought a new position in shares of Iron Mountain in the 4th quarter worth $368,890,000. Legal & General Group Plc bought a new position in shares of Iron Mountain in the 2nd quarter worth $409,843,000. Cohen & Steers Inc. raised its position in shares of Iron Mountain by 20.0% during the 4th quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock valued at $1,568,110,000 after buying an additional 3,155,034 shares in the last quarter. Finally, Deutsche Bank AG purchased a new stake in shares of Iron Mountain during the 2nd quarter valued at $385,129,000. 80.13% of the stock is owned by hedge funds and other institutional investors.

Iron Mountain Stock Performance

Shares of Iron Mountain stock opened at $117.55 on Friday. Iron Mountain Incorporated has a 52-week low of $77.77 and a 52-week high of $134.68. The stock has a market capitalization of $34.99 billion, a price-to-earnings ratio of 83.96 and a beta of 1.20. The company’s 50 day moving average price is $123.89 and its 200-day moving average price is $118.13.

Iron Mountain (NYSE:IRM – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.97 billion. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The firm’s revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.24 EPS. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. As a group, equities research analysts forecast that Iron Mountain Incorporated will post 5.42 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th will be given a $0.864 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.9%. Iron Mountain’s payout ratio is presently 247.14%.

Analysts Set New Price Targets

IRM has been the subject of several research reports. Truist Financial upped their target price on shares of Iron Mountain from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Wells Fargo & Company increased their price objective on Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. 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 report on Friday, May 1st. Finally, Barclays boosted their target price on Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $137.67.

Get Our Latest Report on IRM

Insider Transactions at Iron Mountain

In other news, CEO William L. Meaney sold 38,474 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $121.67, for a total transaction of $4,681,131.58. Following the completion of the sale, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $4,681,131.58. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $122.70, for a total value of $736,200.00. Following the completion of the sale, the executive vice president directly owned 101,507 shares in the company, valued at $12,454,908.90. The trade was a 5.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 127,422 shares of company stock valued at $15,810,652. 1.70% of the stock is currently owned by company insiders.

Iron Mountain Company Profile

(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.