Iron Mountain Incorporated $IRM Stock: Nippon Life Global Investors Americas Inc. Cuts Position

Posted by Stanley Muller on Nov 2nd, 2026

Nippon Life Global Investors Americas Inc. trimmed its holdings in shares of Iron Mountain Incorporated (NYSE:IRM – Free Report) by 41.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,560 shares of the financial services provider’s stock after selling 45,910 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Iron Mountain were worth $7,325,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of IRM. BlackRock Inc. purchased a new stake in shares of Iron Mountain during the second quarter valued at approximately $4,240,342,000. Legal & General Group Plc acquired a new position in Iron Mountain in the second quarter worth about $409,843,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Iron Mountain by 29,674.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,193,560 shares of the financial services provider’s stock valued at $403,379,000 after acquiring an additional 3,182,834 shares in the last quarter. Deutsche Bank AG acquired a new stake in shares of Iron Mountain during the second quarter worth $385,129,000. Finally, Bank of New York Mellon Corp acquired a new position in Iron Mountain in the second quarter valued at approximately $202,106,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CEO William Meaney sold 38,474 shares of Iron Mountain stock in a transaction on Friday, August 7th. The shares were sold at an average price of $121.67, for a total transaction of $4,681,131.58. Following the completion of the sale, the chief executive officer owned 38,474 shares of the company’s stock, valued at approximately $4,681,131.58. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $122.70, for a total value of $736,200.00. Following the completion of the transaction, the executive vice president owned 101,507 shares in the company, valued at $12,454,908.90. This represents a 5.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 137,422 shares of company stock valued at $15,881,099. 1.70% of the stock is currently owned by insiders.

Iron Mountain Trading Up 0.0%

NYSE:IRM opened at $116.58 on Monday. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.68. The firm has a 50 day moving average of $114.67 and a 200-day moving average of $114.89. The stock has a market capitalization of $34.71 billion, a P/E ratio of 83.27 and a beta of 1.18.

Iron Mountain (NYSE:IRM – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.06. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. Iron Mountain’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.24 EPS. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. As a group, analysts forecast that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th were paid a $0.8640 dividend. This represents a $3.46 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, September 15th. Iron Mountain’s dividend payout ratio (DPR) is 247.14%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on IRM shares. Wall Street Zen lowered Iron Mountain from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Jefferies Financial Group cut their price target on shares of Iron Mountain from $147.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Rothschild & Co Redburn assumed coverage on shares of Iron Mountain in a research report on Monday, September 21st. They issued a “buy” rating and a $132.00 target price for the company. BNP Paribas Exane raised their price target on shares of Iron Mountain from $138.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings cut shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Eight 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, Iron Mountain currently has an average rating of “Moderate Buy” and a consensus target price of $143.89.

Get Our Latest Stock Report on IRM

About Iron Mountain

(Free Report)

Iron Mountain Incorporated (NYSE: IRM) is a global information management and storage company that helps organizations protect, manage and optimize their physical and digital assets. Founded in 1951, the company began as a records storage provider and has expanded into a broader information lifecycle management business.

Its services include records storage and retrieval, information governance, secure shredding and destruction, document scanning, digital transformation, backup and recovery, and data center services.