Iron Mountain Incorporated (NYSE:IRM – Get Free Report) EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $115.60, for a total value of $693,600.00. Following the completion of the transaction, the executive vice president owned 95,507 shares in the company, valued at $11,040,609.20. This represents a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mark Kidd also recently made the following trade(s):
- On Friday, August 7th, Mark Kidd sold 6,000 shares of Iron Mountain stock. The shares were sold at an average price of $122.70, for a total value of $736,200.00.
Iron Mountain Trading Up 3.1%
Shares of IRM opened at $115.32 on Friday. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.68. The stock has a market cap of $34.33 billion, a P/E ratio of 82.37 and a beta of 1.18. The stock’s 50-day moving average price is $122.49 and its two-hundred day moving average price is $118.58.
Iron Mountain Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th will be issued a $0.864 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $3.46 annualized dividend and a yield of 3.0%. Iron Mountain’s dividend payout ratio (DPR) is 247.14%.
Analyst Upgrades and Downgrades
IRM has been the subject of a number of recent analyst reports. Barclays upped their price objective on shares of Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Truist Financial lifted their target price on Iron Mountain from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Wall Street Zen cut Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Wells Fargo & Company raised their price target on Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.67.
Trending Headlines about Iron Mountain
Here are the key news stories impacting Iron Mountain this week:
- Positive Sentiment: Iron Mountain announced a partnership with Saudi Arabia’s Social Development Bank to modernize document-intensive financing processes. The bank will use Iron Mountain InSight DXP’s AI-powered intelligent document processing, giving IRM a potential foothold for broader digital-services growth in the Middle East. Iron Mountain Middle East partnership
- Positive Sentiment: The Saudi agreement reinforces Iron Mountain’s transition beyond traditional records storage toward AI, digitization and information-management services. Investors may view the partnership as a catalyst for recurring technology revenue and expanded regional customer relationships. Iron Mountain AI digital partnership
- Positive Sentiment: Recent quarterly results showed revenue rising 18.5% year over year to $2.03 billion, while adjusted earnings per share of $0.60 exceeded the $0.54 consensus estimate. Management also raised full-year 2026 guidance, highlighting momentum in digital and data-center-related businesses. Iron Mountain earnings growth
- Neutral Sentiment: Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and an average price target of $137.67. However, most target changes followed the August earnings report and do not represent a new catalyst.
- Negative Sentiment: CEO William Meaney sold 38,474 shares, while EVPs Mark Kidd and Greg McIntosh sold 6,000 and 5,000 shares, respectively. The transactions were executed under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary bearish signals, but the concentration of insider selling could pressure investor confidence. Iron Mountain insider selling
- Negative Sentiment: Iron Mountain trades at a high earnings multiple, while its reported dividend payout ratio above 247% could raise questions about earnings-based coverage despite the approximately 3.1% yield.
Institutional Investors Weigh In On Iron Mountain
Several large investors have recently made changes to their positions in IRM. Canada Pension Plan Investment Board acquired a new position in shares of Iron Mountain during the 2nd quarter worth approximately $3,709,000. RB Capital Management LLC acquired a new stake in shares of Iron Mountain in the second quarter valued at approximately $5,907,000. Sanctuary Advisors LLC bought a new stake in shares of Iron Mountain in the second quarter valued at approximately $17,300,000. Glenview Trust Co bought a new position in Iron Mountain during the 2nd quarter worth $1,391,000. Finally, BDFS Capital LLC bought a new position in Iron Mountain during the 4th quarter worth $340,000. Institutional investors own 80.13% of the company’s stock.
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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