National Pension Service Grows Position in Iron Mountain Incorporated $IRM

Posted by George Bondi on Sep 12th, 2026

National Pension Service grew its holdings in Iron Mountain Incorporated (NYSE:IRM – Free Report) by 5.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 454,815 shares of the financial services provider’s stock after buying an additional 25,423 shares during the quarter. National Pension Service’s holdings in Iron Mountain were worth $57,448,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new position in Iron Mountain during the second quarter worth approximately $3,709,000. RB Capital Management LLC purchased a new stake in shares of Iron Mountain in the second quarter valued at about $5,907,000. Sanctuary Advisors LLC acquired a new stake in Iron Mountain during the second quarter worth about $17,300,000. Glenview Trust Co purchased a new position in Iron Mountain during the second quarter worth about $1,391,000. Finally, BDFS Capital LLC acquired a new position in Iron Mountain in the 4th quarter valued at about $340,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Insider Buying and Selling

In other news, CEO William L. Meaney sold 38,474 shares of Iron Mountain stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $114.08, for a total value of $4,389,113.92. Following the sale, the chief executive officer owned 38,474 shares of the company’s stock, valued at $4,389,113.92. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Greg W. Mcintosh sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $115.60, for a total transaction of $578,000.00. Following the completion of the sale, the executive vice president owned 75,634 shares of the company’s stock, valued at approximately $8,743,290.40. The trade was a 6.20% 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 sold a total of 132,422 shares of company stock valued at $15,803,807 over the last three months. 1.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on IRM. Truist Financial lifted their price target on shares of Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Wall Street Zen downgraded Iron Mountain from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Wells Fargo & Company increased their target price on shares of Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Weiss Ratings downgraded shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Finally, Barclays upped their price target on Iron Mountain from $143.00 to $144.00 and gave the stock an “overweight” rating in a research note on Tuesday. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $137.83.

Check Out Our Latest Report on IRM

Iron Mountain Stock Performance

Shares of Iron Mountain stock opened at $115.12 on Friday. The business has a 50-day simple moving average of $121.46 and a 200-day simple moving average of $118.80. The company has a market cap of $34.27 billion, a PE ratio of 82.23 and a beta of 1.18. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.68.

Iron Mountain (NYSE:IRM – Get Free Report) last issued its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.97 billion. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The company’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.24 earnings per share. 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. On average, sell-side analysts predict that Iron Mountain Incorporated will post 5.42 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be issued a $0.864 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.0%. Iron Mountain’s payout ratio is presently 246.43%.

Iron Mountain Company Profile

(Free Report)

Iron Mountain Incorporated (NYSE: IRM) is a global information management and data storage company. Founded in 1951, the company helps organizations protect, manage and preserve physical and digital information throughout its lifecycle.

Its services include records storage, document management, secure shredding and destruction, information governance, data backup and recovery, and digital transformation. Iron Mountain also operates data centers that support colocation, cloud connectivity and other infrastructure needs for businesses and public-sector organizations.

The company serves customers across a range of industries, including financial services, healthcare, government, legal services and entertainment.