PNC Financial Services Group Inc. Purchases 7,375 Shares of Iron Mountain Incorporated $IRM

Posted by George Bondi on Jul 27th, 2026

PNC Financial Services Group Inc. raised its position in shares of Iron Mountain Incorporated (NYSE:IRM – Free Report) by 12.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,569 shares of the financial services provider’s stock after acquiring an additional 7,375 shares during the period. PNC Financial Services Group Inc.’s holdings in Iron Mountain were worth $7,004,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC bought a new position in shares of Iron Mountain in the first quarter worth about $135,000. Meeder Advisory Services Inc. lifted its position in shares of Iron Mountain by 2.9% during the 1st quarter. Meeder Advisory Services Inc. now owns 3,741 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 107 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Iron Mountain by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,552,286 shares of the financial services provider’s stock valued at $464,931,000 after purchasing an additional 122,927 shares during the period. Parallel Advisors LLC grew its holdings in Iron Mountain by 23.2% in the 1st quarter. Parallel Advisors LLC now owns 3,857 shares of the financial services provider’s stock valued at $394,000 after buying an additional 727 shares during the last quarter. Finally, SEB Asset Management AB bought a new position in Iron Mountain in the 1st quarter worth approximately $7,071,000. 80.13% of the stock is owned by institutional investors and hedge funds.

Iron Mountain Price Performance

Shares of IRM stock opened at $128.33 on Monday. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.68. The stock has a fifty day moving average price of $125.31 and a 200 day moving average price of $112.65. The stock has a market cap of $38.18 billion, a P/E ratio of 141.03 and a beta of 1.19.

Iron Mountain (NYSE:IRM – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.10. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm posted $1.17 EPS. The business’s revenue for the quarter 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. Equities research analysts anticipate that Iron Mountain Incorporated will post 5.4 EPS for the current year.

Iron Mountain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were given a $0.864 dividend. This represents a $3.46 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, June 15th. Iron Mountain’s dividend payout ratio is 380.22%.

Insider Transactions at Iron Mountain

In other news, CEO William L. Meaney sold 38,474 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $122.83, for a total value of $4,725,761.42. Following the sale, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $4,725,761.42. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Walter C. Rakowich sold 757 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $124.45, for a total value of $94,208.65. Following the completion of the transaction, the director directly owned 1,135 shares of the company’s stock, valued at approximately $141,250.75. The trade was a 40.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 137,260 shares of company stock valued at $17,361,672. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Weiss Ratings cut Iron Mountain from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Wells Fargo & Company raised their price target on shares of Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a research 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 stock an “overweight” rating in a report on Friday, May 1st. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Finally, Barclays increased their target price on shares of Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $134.33.

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About Iron Mountain

(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.