Intech Investment Management LLC Raises Stock Position in Iron Mountain Incorporated $IRM

Intech Investment Management LLC grew its holdings in Iron Mountain Incorporated (NYSE:IRM) by 552.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 94,216 shares of the financial services provider’s stock after acquiring an additional 79,779 shares during the period. Intech Investment Management LLC’s holdings in Iron Mountain were worth $7,815,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in IRM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Iron Mountain by 597.9% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,161,589 shares of the financial services provider’s stock worth $322,292,000 after buying an additional 2,708,560 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Iron Mountain by 66.5% during the 4th quarter. Principal Financial Group Inc. now owns 4,207,596 shares of the financial services provider’s stock worth $349,021,000 after purchasing an additional 1,680,438 shares during the period. Invesco Ltd. boosted its stake in shares of Iron Mountain by 18.1% during the 3rd quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock worth $516,481,000 after purchasing an additional 776,933 shares during the period. Centersquare Investment Management LLC boosted its stake in shares of Iron Mountain by 23.8% during the 3rd quarter. Centersquare Investment Management LLC now owns 2,514,464 shares of the financial services provider’s stock worth $256,324,000 after purchasing an additional 483,548 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Iron Mountain by 331.5% during the 3rd quarter. AQR Capital Management LLC now owns 457,472 shares of the financial services provider’s stock worth $46,356,000 after purchasing an additional 351,463 shares during the period. 80.13% of the stock is owned by hedge funds and other institutional investors.

Iron Mountain Price Performance

Shares of IRM opened at $128.15 on Friday. Iron Mountain Incorporated has a 1-year low of $77.77 and a 1-year high of $134.09. The company has a 50-day moving average of $115.91 and a 200 day moving average of $101.35. The firm has a market capitalization of $38.13 billion, a price-to-earnings ratio of 140.83 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the business posted $1.17 EPS. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. 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 analysts anticipate that Iron Mountain Incorporated will post 5.4 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Monday, June 15th will be issued a dividend of $0.864 per share. The ex-dividend date is Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.7%. Iron Mountain’s dividend payout ratio (DPR) is presently 380.22%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on IRM. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a research note on Tuesday, April 21st. Truist Financial set a $140.00 price target on shares of Iron Mountain in a research note on Friday, May 1st. Loop Capital set a $130.00 target price on Iron Mountain in a research note on Wednesday, March 4th. Finally, JPMorgan Chase & Co. increased their target price on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research note 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.67.

Insiders Place Their Bets

In other news, CAO Daniel Borges sold 7,189 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $125.50, for a total value of $902,219.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $128.93, for a total transaction of $4,960,452.82. Following the completion of the sale, the chief executive officer owned 38,474 shares of the company’s stock, valued at approximately $4,960,452.82. This represents a 50.00% decrease in their position. 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. In the last 90 days, insiders have sold 505,960 shares of company stock worth $55,265,802. 1.70% of the stock is owned by corporate insiders.

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.