Iron Mountain Incorporated (NYSE:IRM – Get Free Report) Director Walter Rakowich sold 757 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 1,135 shares of the company’s stock, valued at $141,250.75. The trade was a 40.01% decrease in their ownership of the stock. The transaction 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.
Iron Mountain Price Performance
Shares of NYSE:IRM traded up $1.47 during trading on Thursday, hitting $127.28. The company had a trading volume of 1,342,232 shares, compared to its average volume of 1,773,974. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.09. The stock has a market cap of $37.87 billion, a price-to-earnings ratio of 139.86 and a beta of 1.20. The company has a fifty day simple moving average of $113.09 and a two-hundred day simple moving average of $100.12.
Iron Mountain (NYSE:IRM – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the company earned $1.17 EPS. Iron Mountain’s quarterly revenue was up 21.5% compared to the same quarter last year. 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. On average, equities research analysts anticipate that Iron Mountain Incorporated will post 5.4 earnings per share for the current year.
Iron Mountain Announces Dividend
Analysts Set New Price Targets
A number of brokerages recently issued reports on IRM. Truist Financial set a $140.00 price target on Iron Mountain in a research note on Friday, May 1st. Loop Capital set a $130.00 price target on shares of Iron Mountain in a research note on Wednesday, March 4th. Barclays boosted their price target on Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Wells Fargo & Company raised their price objective on Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $131.67.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Intact Investment Management Inc. acquired a new position in shares of Iron Mountain in the 3rd quarter valued at about $3,588,000. NewSquare Capital LLC lifted its holdings in shares of Iron Mountain by 4,867.6% in the 3rd quarter. NewSquare Capital LLC now owns 11,823 shares of the financial services provider’s stock valued at $1,205,000 after buying an additional 11,585 shares during the period. Fieldview Capital Management LLC acquired a new position in shares of Iron Mountain in the 3rd quarter valued at about $3,092,000. J.W. Cole Advisors Inc. lifted its holdings in shares of Iron Mountain by 54.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 33,596 shares of the financial services provider’s stock valued at $3,425,000 after buying an additional 11,893 shares during the period. Finally, AGF Management Ltd. lifted its holdings in shares of Iron Mountain by 178.0% in the 3rd quarter. AGF Management Ltd. now owns 22,185 shares of the financial services provider’s stock valued at $2,262,000 after buying an additional 14,205 shares during the period. 80.13% of the stock is currently owned by hedge funds and other institutional investors.
About Iron Mountain
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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