Hsbc Holdings PLC Increases Stock Holdings in Iron Mountain Incorporated $IRM

Hsbc Holdings PLC grew its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 20.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,272,855 shares of the financial services provider’s stock after purchasing an additional 217,080 shares during the quarter. Hsbc Holdings PLC’s holdings in Iron Mountain were worth $130,014,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Garton & Associates Financial Advisors LLC acquired a new position in shares of Iron Mountain in the 4th quarter valued at $25,000. Beaird Harris Wealth Management LLC grew its position in shares of Iron Mountain by 17,500.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock valued at $29,000 after buying an additional 350 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in Iron Mountain during the 3rd quarter worth $32,000. Bayban purchased a new stake in Iron Mountain in the fourth quarter valued at $33,000. Finally, DV Equities LLC purchased a new stake in Iron Mountain in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Insider Transactions at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 38,474 shares of Iron Mountain stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $122.83, for a total value of $4,725,761.42. Following the transaction, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $4,725,761.42. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Pamela M. Arway sold 1,892 shares of Iron Mountain stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $128.97, for a total value of $244,011.24. Following the completion of the transaction, the director owned 40,196 shares in the company, valued at $5,184,078.12. This trade represents a 4.50% decrease in their ownership of the stock. 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. Insiders have sold a total of 137,260 shares of company stock worth $17,361,672 over the last three months. 1.70% of the stock is currently owned by company insiders.

Iron Mountain Price Performance

Shares of NYSE:IRM opened at $123.73 on Friday. Iron Mountain Incorporated has a 1-year low of $77.77 and a 1-year high of $134.68. The stock has a market cap of $36.81 billion, a P/E ratio of 135.96 and a beta of 1.19. The firm has a fifty day moving average price of $125.46 and a 200 day moving average price of $110.97.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 EPS 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 for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business posted $1.17 earnings per share. Iron Mountain’s quarterly revenue 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. Sell-side analysts expect that Iron Mountain Incorporated will post 5.4 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were given a $0.864 dividend. This represents a $3.46 annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, June 15th. Iron Mountain’s payout ratio is 379.12%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Wall Street Zen raised Iron Mountain from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Barclays upped their target price on Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. JPMorgan Chase & Co. raised their price target on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Wells Fargo & Company lifted their price target on Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Iron Mountain has a consensus rating of “Moderate Buy” and an average target price of $134.33.

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.