The Manufacturers Life Insurance Company Has $17.72 Million Position in Iron Mountain Incorporated $IRM

Posted by Francis Steltz on Aug 2nd, 2026

The Manufacturers Life Insurance Company cut its stake in shares of Iron Mountain Incorporated (NYSE:IRM – Free Report) by 3.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 173,470 shares of the financial services provider’s stock after selling 6,406 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Iron Mountain were worth $17,718,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Garton & Associates Financial Advisors LLC bought a new position in Iron Mountain in the 4th quarter valued at approximately $25,000. Beaird Harris Wealth Management LLC grew its stake in shares of Iron Mountain by 17,500.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock worth $29,000 after buying an additional 350 shares during the last quarter. Dynamic Wealth Strategies LLC bought a new stake in shares of Iron Mountain during the first quarter worth $31,000. Johnson Financial Group Inc. acquired a new position in shares of Iron Mountain during the third quarter worth $32,000. Finally, Bayban acquired a new position in shares of Iron Mountain during the fourth quarter worth $33,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Iron Mountain news, CEO William L. Meaney sold 38,474 shares of the company’s stock in a transaction dated 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 owned 38,474 shares in the company, valued at approximately $4,725,761.42. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing 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 dated 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 approximately $141,250.75. The trade was a 40.01% 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 137,260 shares of company stock valued at $17,361,672 over the last ninety days. 1.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

IRM has been the topic of several recent research reports. Wall Street Zen downgraded Iron Mountain from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Wells Fargo & Company upped their target price on Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Truist Financial set a $140.00 target price on Iron Mountain in a research report on Friday, May 1st. JPMorgan Chase & Co. lifted their price target on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Four investment 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.33.

Check Out Our Latest Report on Iron Mountain

Iron Mountain Stock Performance

IRM stock opened at $122.21 on Friday. The company has a fifty day moving average price of $125.17 and a 200-day moving average price of $113.76. The company has a market capitalization of $36.36 billion, a P/E ratio of 134.30 and a beta of 1.19. Iron Mountain Incorporated has a 52-week low of $77.77 and a 52-week high of $134.68.

Iron Mountain (NYSE:IRM – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates 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 company 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 business earned $1.17 earnings per share. Iron Mountain’s revenue was up 21.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Iron Mountain Incorporated will post 5.4 earnings per share for the current fiscal year.

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.