William Meaney Sells 38,474 Shares of Iron Mountain (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRM) CEO William Meaney sold 38,474 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $127.55, for a total transaction of $4,907,358.70. Following the transaction, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at $4,907,358.70. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Iron Mountain Price Performance

Shares of NYSE:IRM traded up $2.25 during mid-day trading on Tuesday, reaching $128.32. 1,508,222 shares of the company were exchanged, compared to its average volume of 1,357,720. The firm has a market cap of $38.18 billion, a price-to-earnings ratio of 138.54 and a beta of 1.19. The firm’s 50-day simple moving average is $116.32 and its 200 day simple moving average is $101.52. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.09.

Iron Mountain (NYSE:IRM) last issued 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. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations 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 revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the firm 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, research analysts forecast that Iron Mountain Incorporated will post 5.4 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The company 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 $0.864 dividend. This represents a $3.46 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, June 15th. Iron Mountain’s payout ratio is currently 379.12%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Loop Capital set a $130.00 price objective on Iron Mountain in a report on Wednesday, March 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their price objective on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Truist Financial set a $140.00 price objective on Iron Mountain in a report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Iron Mountain presently has an average rating of “Moderate Buy” and an average price target of $131.67.

Hedge Funds Weigh In On Iron Mountain

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Garton & Associates Financial Advisors LLC purchased a new position in shares of Iron Mountain in the 4th quarter valued at about $25,000. Beaird Harris Wealth Management LLC boosted its position in shares of Iron Mountain by 17,500.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 350 shares in the last quarter. Dynamic Wealth Strategies LLC acquired a new position in shares of Iron Mountain during the 1st quarter worth about $31,000. Johnson Financial Group Inc. acquired a new position in shares of Iron Mountain during the 3rd quarter worth about $32,000. Finally, Bayban acquired a new position in shares of Iron Mountain during the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 80.13% 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.