Pinnacle Family Advisors LLC Invests $741,000 in Iron Mountain Incorporated $IRM

Pinnacle Family Advisors LLC acquired a new position in Iron Mountain Incorporated (NYSE:IRM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,866 shares of the financial services provider’s stock, valued at approximately $741,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new position in shares of Iron Mountain during the 2nd quarter worth about $17,300,000. BDFS Capital LLC acquired a new position in Iron Mountain in the fourth quarter worth about $340,000. Allstate Corp boosted its holdings in Iron Mountain by 105.1% during the fourth quarter. Allstate Corp now owns 22,427 shares of the financial services provider’s stock valued at $1,860,000 after purchasing an additional 11,492 shares in the last quarter. Intact Investment Management Inc. raised its holdings in shares of Iron Mountain by 103.4% in the 4th quarter. Intact Investment Management Inc. now owns 71,600 shares of the financial services provider’s stock worth $5,939,000 after buying an additional 36,400 shares in the last quarter. Finally, Stevens Capital Management LP bought a new position in shares of Iron Mountain during the 4th quarter worth approximately $1,262,000. 80.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on IRM shares. Truist Financial set a $140.00 target price on shares of Iron Mountain in a research note on Friday, May 1st. Barclays lifted their price target on Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. boosted their target price on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Wall Street Zen lowered shares of Iron Mountain from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Iron Mountain currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.17.

Iron Mountain Trading Up 0.4%

Shares of NYSE:IRM opened at $121.39 on Thursday. Iron Mountain Incorporated has a 1-year low of $77.77 and a 1-year high of $134.68. The stock has a market capitalization of $36.14 billion, a P/E ratio of 86.71 and a beta of 1.20. The business has a 50-day moving average price of $124.19 and a two-hundred day moving average price of $117.95.

Iron Mountain (NYSE:IRM) last issued its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.06. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the firm earned $1.24 EPS. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. As a group, equities analysts predict that Iron Mountain Incorporated will post 5.42 EPS for the current year.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.864 per share. The ex-dividend date is Tuesday, September 15th. This represents a $3.46 annualized dividend and a dividend yield of 2.8%. Iron Mountain’s payout ratio is presently 247.14%.

Insiders Place Their Bets

In other news, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $122.70, for a total value of $736,200.00. Following the transaction, the executive vice president directly owned 101,507 shares in the company, valued at $12,454,908.90. This trade represents a 5.58% decrease in their position. 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 Iron Mountain stock in a transaction on Friday, August 7th. The stock was sold at an average price of $121.67, for a total value of $4,681,131.58. Following the sale, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at approximately $4,681,131.58. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 127,422 shares of company stock worth $15,810,652. 1.70% of the stock is currently owned by company insiders.

Iron Mountain 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.