Goldman Sachs Group Inc. Buys 346,962 Shares of Iron Mountain Incorporated $IRM

Goldman Sachs Group Inc. lifted its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 29.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,524,559 shares of the financial services provider’s stock after acquiring an additional 346,962 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Iron Mountain were worth $126,462,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. NewSquare Capital LLC boosted its stake in Iron Mountain by 4,867.6% in the 3rd 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. Fieldview Capital Management LLC bought a new position in Iron Mountain in the 3rd quarter worth approximately $3,092,000. Centersquare Investment Management LLC boosted its stake in Iron Mountain by 23.8% in 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. Citigroup Inc. boosted its stake in Iron Mountain by 105.3% in the 3rd quarter. Citigroup Inc. now owns 419,723 shares of the financial services provider’s stock worth $42,787,000 after purchasing an additional 215,308 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Iron Mountain by 4.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,056,448 shares of the financial services provider’s stock worth $209,634,000 after purchasing an additional 83,450 shares during the period. 80.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $127.91, for a total value of $767,460.00. Following the transaction, the executive vice president owned 119,507 shares of the company’s stock, valued at $15,286,140.37. This represents a 4.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Daniel Borges sold 7,189 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $125.50, for a total value of $902,219.50. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 202,985 shares of company stock worth $23,452,265 over the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Iron Mountain Stock Down 0.3%

Shares of Iron Mountain stock opened at $124.24 on Tuesday. The stock’s fifty day moving average is $118.98 and its two-hundred day moving average is $102.76. The company has a market capitalization of $36.96 billion, a PE ratio of 136.53 and a beta of 1.19. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week 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 EPS for the quarter, beating the consensus estimate of $0.50 by $0.10. The company 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%.Iron Mountain’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter in the prior 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, research analysts anticipate that Iron Mountain Incorporated will post 5.4 earnings per share for the current year.

Iron Mountain Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have weighed in on the company. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Loop Capital set a $130.00 price target on Iron Mountain in a research note on Wednesday, March 4th. Wall Street Zen raised Iron Mountain from a “hold” rating to a “buy” rating in a report on Saturday. Truist Financial set a $140.00 price objective on Iron Mountain in a report on Friday, May 1st. Finally, Wells Fargo & Company upped their price objective on Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.

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.