Iron Mountain (NYSE:IRM) EVP Mark Kidd Sells 6,000 Shares

Iron Mountain Incorporated (NYSE:IRM) EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $126.70, for a total transaction of $760,200.00. Following the transaction, the executive vice president owned 113,507 shares of the company’s stock, valued at approximately $14,381,336.90. The trade was a 5.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Kidd also recently made the following trade(s):

• On Friday, May 8th, Mark Kidd sold 6,000 shares of Iron Mountain stock. The stock was sold at an average price of $127.91, for a total transaction of $767,460.00.
• On Wednesday, April 1st, Mark Kidd sold 6,000 shares of Iron Mountain stock. The stock was sold at an average price of $102.71, for a total transaction of $616,260.00.

Iron Mountain Trading Up 1.5%

Shares of IRM opened at $128.32 on Wednesday. The stock has a market cap of $38.18 billion, a P/E ratio of 141.01 and a beta of 1.19. The company has a 50-day moving average of $116.32 and a two-hundred day moving average of $101.52. 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 earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.10. The company had revenue of $1.94 billion during 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 firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business 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. As a group, analysts forecast that Iron Mountain Incorporated will post 5.4 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Monday, June 15th will be given a $0.864 dividend. 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 payout ratio is currently 380.22%.

Institutional Investors Weigh In On Iron Mountain

Institutional investors have recently bought and sold shares of the stock. Garton & Associates Financial Advisors LLC purchased a new stake in Iron Mountain in the fourth quarter valued at approximately $25,000. Beaird Harris Wealth Management LLC grew its holdings in Iron Mountain by 17,500.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 350 shares during the period. Dynamic Wealth Strategies LLC purchased a new stake in Iron Mountain in the first quarter valued at approximately $31,000. Johnson Financial Group Inc. purchased a new stake in Iron Mountain in the third quarter valued at approximately $32,000. Finally, Bayban purchased a new stake in Iron Mountain in the fourth quarter valued at approximately $33,000. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IRM has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Loop Capital set a $130.00 price objective on shares of Iron Mountain in a research report on Wednesday, March 4th. JPMorgan Chase & Co. boosted their price objective on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Truist Financial set a $140.00 price objective on shares of Iron Mountain in a research report on Friday, May 1st. Finally, Wells Fargo & Company boosted their price objective on shares of Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Four equities research 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, the company has a consensus rating of “Moderate Buy” and an average price target of $131.67.

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.