4,000 Shares in Iron Mountain Incorporated $IRM Bought by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC purchased a new position in Iron Mountain Incorporated (NYSE:IRM) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 4,000 shares of the financial services provider’s stock, valued at approximately $332,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Intact Investment Management Inc. purchased a new stake in Iron Mountain in the third quarter worth $3,588,000. NewSquare Capital LLC grew its stake in Iron Mountain by 4,867.6% in the third quarter. NewSquare Capital LLC now owns 11,823 shares of the financial services provider’s stock worth $1,205,000 after purchasing an additional 11,585 shares during the period. J.W. Cole Advisors Inc. grew its stake in Iron Mountain by 54.8% in the third quarter. J.W. Cole Advisors Inc. now owns 33,596 shares of the financial services provider’s stock worth $3,425,000 after purchasing an additional 11,893 shares during the period. Fieldview Capital Management LLC bought a new stake in Iron Mountain in the third quarter worth $3,092,000. Finally, AGF Management Ltd. boosted its holdings in Iron Mountain by 178.0% in the third quarter. AGF Management Ltd. now owns 22,185 shares of the financial services provider’s stock worth $2,262,000 after acquiring an additional 14,205 shares in the last quarter. 80.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on IRM shares. Barclays boosted their target price on Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Truist Financial set a $140.00 target price on Iron Mountain in a report on Friday, May 1st. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Wells Fargo & Company boosted 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. Finally, JPMorgan Chase & Co. boosted their target price on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $131.67.

Iron Mountain Trading Down 0.6%

Iron Mountain stock opened at $126.58 on Friday. The company has a market capitalization of $37.66 billion, a price-to-earnings ratio of 139.10 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. The business’s fifty day simple moving average is $113.86 and its two-hundred day simple moving average is $100.48.

Iron Mountain (NYSE:IRM) 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 analysts’ consensus estimates of $0.50 by $0.10. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The company’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.17 earnings per share. 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. On average, equities research analysts predict that Iron Mountain Incorporated will post 5.4 EPS for the current year.

Iron Mountain Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Monday, June 15th will be issued a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. Iron Mountain’s dividend payout ratio is presently 379.12%.

Insiders Place Their Bets

In other news, CEO William L. Meaney sold 137,133 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $109.39, for a total transaction of $15,000,978.87. Following the transaction, the chief executive officer directly owned 295,975 shares of the company’s stock, valued at $32,376,705.25. This represents a 31.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mithu Bhargava sold 59,725 shares of the company’s stock in a transaction 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 directly owned 16,054 shares in the company, valued at approximately $1,679,569.48. The trade was a 78.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 498,771 shares of company stock valued at $54,363,582. Company insiders own 1.70% of the company’s stock.

About Iron Mountain

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.