Munich Reinsurance Co Stock Corp in Munich Purchases Shares of 32,749 Iron Mountain Incorporated $IRM

Munich Reinsurance Co Stock Corp in Munich purchased a new position in shares of Iron Mountain Incorporated (NYSE:IRM) during the second quarter, HoldingsChannel reports. The institutional investor purchased 32,749 shares of the financial services provider’s stock, valued at approximately $4,137,000.

Other hedge funds have also made changes to their positions in the company. Syon Capital LLC grew its position in shares of Iron Mountain by 2.2% in the second quarter. Syon Capital LLC now owns 8,540 shares of the financial services provider’s stock valued at $1,079,000 after purchasing an additional 187 shares during the period. Concurrent Investment Advisors LLC lifted its position in Iron Mountain by 71.0% during the second quarter. Concurrent Investment Advisors LLC now owns 11,121 shares of the financial services provider’s stock worth $1,405,000 after buying an additional 4,617 shares during the period. NEOS Investment Management LLC boosted its stake in Iron Mountain by 9.5% in the 2nd quarter. NEOS Investment Management LLC now owns 110,692 shares of the financial services provider’s stock worth $13,982,000 after buying an additional 9,630 shares during the last quarter. Continuum Advisory LLC boosted its stake in Iron Mountain by 12.0% in the 2nd quarter. Continuum Advisory LLC now owns 3,820 shares of the financial services provider’s stock worth $483,000 after buying an additional 410 shares during the last quarter. Finally, Nykredit A S purchased a new stake in Iron Mountain in the 2nd quarter valued at about $14,996,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insider Transactions at Iron Mountain

In other news, EVP Mark Kidd sold 6,000 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $115.60, for a total value of $693,600.00. Following the completion of the sale, the executive vice president owned 95,507 shares of the company’s stock, valued at $11,040,609.20. This represents a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Meaney sold 38,474 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $114.08, for a total transaction of $4,389,113.92. Following the completion of the transaction, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $4,389,113.92. This represents a 50.00% 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. Insiders sold 132,422 shares of company stock valued at $15,803,807 over the last 90 days. Corporate insiders own 1.70% of the company’s stock.

Iron Mountain Price Performance

Shares of NYSE:IRM opened at $116.81 on Friday. The business has a 50-day moving average of $122.18 and a two-hundred day moving average of $118.56. The firm has a market capitalization of $34.77 billion, a PE ratio of 83.44 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 released its quarterly earnings data 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 analyst estimates of $1.97 billion. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The company’s revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 EPS. 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, research analysts anticipate that Iron Mountain Incorporated will post 5.42 earnings per share for the current year.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.864 per share. This represents a $3.46 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, September 15th. Iron Mountain’s payout ratio is currently 247.14%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on IRM. Truist Financial upped their price objective on shares of Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Wells Fargo & Company boosted their target price on shares of Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Weiss Ratings lowered shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, Barclays lifted their price target on shares of Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.67.

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.