Wellington Management Group LLP Raises Stock Position in Iron Mountain Incorporated $IRM

Wellington Management Group LLP boosted its stake in Iron Mountain Incorporated (NYSE:IRM) by 47.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 512,906 shares of the financial services provider’s stock after purchasing an additional 164,991 shares during the period. Wellington Management Group LLP owned approximately 0.17% of Iron Mountain worth $64,785,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Garton & Associates Financial Advisors LLC purchased a new stake in Iron Mountain during the fourth quarter valued at $25,000. Bell Investment Advisors Inc purchased a new position in Iron Mountain in the second quarter worth about $26,000. Meeder Asset Management Inc. bought a new stake in shares of Iron Mountain during the 2nd quarter valued at about $27,000. Beaird Harris Wealth Management LLC grew its stake 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 valued at $29,000 after purchasing an additional 350 shares during the period. Finally, Dynamic Wealth Strategies LLC purchased a new stake in shares of Iron Mountain during the 1st quarter valued at about $31,000. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on IRM. Wall Street Zen cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Truist Financial upped their target price on shares of Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Weiss Ratings downgraded shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Finally, Wells Fargo & Company upped their price objective on Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $137.67.

Iron Mountain Trading Down 2.0%

Shares of NYSE:IRM opened at $111.96 on Thursday. The stock has a 50 day moving average of $122.80 and a 200 day moving average of $118.54. The company has a market cap of $33.33 billion, a PE ratio of 79.97 and a beta of 1.18. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.68.

Iron Mountain (NYSE:IRM) last issued 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. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.97 billion. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.24 earnings per share. 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. Equities research analysts predict that Iron Mountain Incorporated will post 5.42 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 15th will be paid a dividend of $0.864 per share. The ex-dividend date is Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.1%. Iron Mountain’s payout ratio is 247.14%.

Insider Buying and Selling

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of the 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 completion of the sale, the executive vice president owned 101,507 shares in the company, valued at approximately $12,454,908.90. This represents a 5.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Greg W. Mcintosh sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $115.60, for a total value of $578,000.00. Following the sale, the executive vice president directly owned 75,634 shares in the company, valued at approximately $8,743,290.40. This represents a 6.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 132,422 shares of company stock valued at $15,803,807. Company insiders own 1.70% 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.