Iron Mountain Incorporated $IRM Stock Position Trimmed by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. cut its position in Iron Mountain Incorporated (NYSE:IRM) by 67.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 47,137 shares of the financial services provider’s stock after selling 98,404 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Iron Mountain were worth $3,910,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Quent Capital LLC bought a new stake in Iron Mountain in the 3rd quarter valued at about $27,000. Johnson Financial Group Inc. bought a new stake in shares of Iron Mountain during the 3rd quarter worth about $32,000. Franchise GP Ltd bought a new stake in shares of Iron Mountain during the 4th quarter worth about $38,000. Wealth Watch Advisors INC bought a new stake in shares of Iron Mountain during the 3rd quarter worth about $44,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Iron Mountain during the 4th quarter worth about $45,000. 80.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

IRM has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Wells Fargo & Company boosted 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. Truist Financial set a $140.00 price target on shares of Iron Mountain in a research report on Friday, May 1st. Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Finally, Loop Capital set a $130.00 price target on shares of Iron Mountain in a research report on Wednesday, March 4th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $131.67.

Iron Mountain Price Performance

Shares of IRM opened at $125.07 on Monday. The firm’s 50 day moving average is $112.02 and its 200-day moving average is $99.65. The stock has a market capitalization of $37.21 billion, a P/E ratio of 137.44 and a beta of 1.20. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.09.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.10. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The business’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS. 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. As a group, equities research analysts forecast that Iron Mountain Incorporated will post 5.4 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Monday, June 15th will be paid a $0.864 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.46 annualized dividend and a dividend yield of 2.8%. Iron Mountain’s payout ratio is currently 380.22%.

Insider Buying and Selling at Iron Mountain

In other news, EVP Mithu Bhargava sold 59,725 shares of Iron Mountain stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $104.62, for a total value of $6,248,429.50. Following the transaction, the executive vice president owned 16,054 shares of the company’s stock, valued at $1,679,569.48. The trade was a 78.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jennifer Allerton sold 7,000 shares of Iron Mountain stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $108.88, for a total transaction of $762,160.00. Following the completion of the transaction, the director directly owned 11,541 shares in the company, valued at $1,256,584.08. This represents a 37.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 498,014 shares of company stock worth $54,269,373. 1.70% of the stock is currently owned by company insiders.

Iron Mountain 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.