Iron Mountain Incorporated (NYSE:IRM – Get Free Report) CEO William Meaney sold 38,474 shares of Iron Mountain stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $128.93, for a total transaction of $4,960,452.82. Following the completion of the sale, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at $4,960,452.82. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Iron Mountain Price Performance
IRM stock traded down $3.68 during midday trading on Tuesday, hitting $126.28. The stock had a trading volume of 2,047,254 shares, compared to its average volume of 1,818,733. The firm has a market cap of $37.57 billion, a PE ratio of 138.77 and a beta of 1.20. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.09. The company’s 50-day moving average price is $110.59 and its 200 day moving average price is $99.05.
Iron Mountain (NYSE:IRM – Get Free Report) last released its earnings results on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.50 by $0.10. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. Iron Mountain’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the previous year, the company 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 anticipate that Iron Mountain Incorporated will post 5.4 EPS for the current year.
Iron Mountain Dividend Announcement
Analysts Set New Price Targets
IRM has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a report on Tuesday, April 21st. Wells Fargo & Company lifted their price target on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their price objective on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Loop Capital set a $130.00 price objective on Iron Mountain in a report on Wednesday, March 4th. Finally, Truist Financial set a $140.00 price objective on Iron Mountain in a report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.67.
Institutional Trading of Iron Mountain
Institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Iron Mountain by 4.5% during 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 acquiring an additional 1,286 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Iron Mountain by 10.3% during the 1st quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock valued at $493,000 after acquiring an additional 537 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of Iron Mountain by 41.0% during the 1st quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider’s stock valued at $2,129,000 after acquiring an additional 7,193 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Iron Mountain by 29.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 300 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Iron Mountain by 3.6% during the 2nd quarter. Cerity Partners LLC now owns 35,292 shares of the financial services provider’s stock valued at $3,620,000 after acquiring an additional 1,222 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.
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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