Pamela Arway Sells 1,892 Shares of Iron Mountain (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRMGet Free Report) Director Pamela Arway sold 1,892 shares of Iron Mountain stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $128.97, for a total value of $244,011.24. Following the completion of the transaction, the director owned 40,196 shares in the company, valued at $5,184,078.12. This trade represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Iron Mountain Trading Up 1.2%

Shares of IRM stock opened at $127.60 on Friday. The business’s 50 day moving average is $111.67 and its two-hundred day moving average is $99.52. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.09. The company has a market capitalization of $37.96 billion, a P/E ratio of 140.22 and a beta of 1.20.

Iron Mountain (NYSE:IRMGet Free Report) last announced its earnings results 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. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the business posted $1.17 EPS. The company’s revenue was up 21.5% on a year-over-year basis. 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 analysts predict that Iron Mountain Incorporated will post 5.4 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, July 3rd. Shareholders of record on Monday, June 15th will be paid a $0.864 dividend. This represents a $3.46 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, June 15th. Iron Mountain’s dividend payout ratio (DPR) is 380.22%.

Wall Street Analyst Weigh In

IRM has been the subject of several recent analyst reports. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a report on Tuesday, April 21st. Truist Financial set a $140.00 price target on Iron Mountain in a report on Friday, May 1st. Wells Fargo & Company raised 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. Finally, Loop Capital set a $130.00 price target on Iron Mountain in a report on Wednesday, March 4th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.67.

Check Out Our Latest Research Report on Iron Mountain

Hedge Funds Weigh In On Iron Mountain

Several hedge funds and other institutional investors have recently bought and sold shares of IRM. Norges Bank acquired a new position in Iron Mountain during the fourth quarter worth $368,890,000. Cohen & Steers Inc. raised its holdings in shares of Iron Mountain by 20.0% in the fourth quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock worth $1,568,110,000 after acquiring an additional 3,155,034 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Iron Mountain by 597.9% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,161,589 shares of the financial services provider’s stock worth $322,292,000 after acquiring an additional 2,708,560 shares during the last quarter. Principal Financial Group Inc. increased its stake in Iron Mountain by 66.5% in the fourth quarter. Principal Financial Group Inc. now owns 4,207,596 shares of the financial services provider’s stock valued at $349,021,000 after purchasing an additional 1,680,438 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Iron Mountain by 18.1% in the third quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock valued at $516,481,000 after purchasing an additional 776,933 shares during the last quarter. 80.13% of the stock is owned by institutional investors and hedge funds.

Iron Mountain Company Profile

(Get 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.

Further Reading

Insider Buying and Selling by Quarter for Iron Mountain (NYSE:IRM)

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