RB Capital Management LLC Acquires Shares of 46,766 Iron Mountain Incorporated $IRM

RB Capital Management LLC acquired a new stake in shares of Iron Mountain Incorporated (NYSE:IRM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 46,766 shares of the financial services provider’s stock, valued at approximately $5,907,000. Iron Mountain makes up approximately 1.2% of RB Capital Management LLC’s portfolio, making the stock its 19th biggest position.

A number of other large investors also recently modified their holdings of IRM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Iron Mountain by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider’s stock worth $2,573,000 after buying an additional 1,286 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Iron Mountain by 10.3% in the first quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock valued at $493,000 after buying an additional 537 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Iron Mountain by 41.0% during the first quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider’s stock valued at $2,129,000 after buying an additional 7,193 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Iron Mountain by 29.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 300 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Iron Mountain by 3.6% in the 2nd quarter. Cerity Partners LLC now owns 35,292 shares of the financial services provider’s stock worth $3,620,000 after acquiring an additional 1,222 shares during the last quarter. 80.13% of the stock is currently owned by institutional investors.

Iron Mountain Stock Performance

Shares of Iron Mountain stock opened at $117.55 on Friday. Iron Mountain Incorporated has a 52-week low of $77.77 and a 52-week high of $134.68. The company’s 50 day moving average price is $123.89 and its 200-day moving average price is $118.13. The stock has a market capitalization of $34.99 billion, a price-to-earnings ratio of 83.96 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share 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 business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the prior year, the company posted $1.24 EPS. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. 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 research analysts forecast that Iron Mountain Incorporated will post 5.42 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently declared 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 of this dividend is Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.9%. Iron Mountain’s dividend payout ratio is presently 247.14%.

Analyst Upgrades and Downgrades

IRM has been the topic of several analyst reports. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Wall Street Zen lowered shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. JPMorgan Chase & Co. upped their price objective on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Barclays increased their price objective on shares of Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Finally, Weiss Ratings cut shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $137.67.

Insider Buying and Selling

In other Iron Mountain news, CEO William L. Meaney sold 38,474 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $121.67, for a total transaction of $4,681,131.58. Following the transaction, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at approximately $4,681,131.58. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $122.70, for a total transaction of $736,200.00. Following the transaction, the executive vice president owned 101,507 shares in the company, valued at $12,454,908.90. This represents a 5.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 127,422 shares of company stock worth $15,810,652. Corporate insiders own 1.70% of the company’s stock.

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.