Iron Mountain (NYSE:IRM) Stock: Insider William Meaney Sells 38,474 Shares

Iron Mountain Incorporated (NYSE:IRM) CEO William Meaney sold 38,474 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $110.45, for a total value of $4,249,453.30. Following the completion of the sale, the chief executive officer owned 38,474 shares in the company, valued at approximately $4,249,453.30. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Iron Mountain Stock Down 0.9%

IRM stock traded down $1.03 during trading on Monday, reaching $112.36. 1,581,630 shares of the company’s stock were exchanged, compared to its average volume of 1,745,151. Iron Mountain Incorporated has a 1-year low of $77.77 and a 1-year high of $134.68. The firm has a market cap of $33.45 billion, a PE ratio of 80.26 and a beta of 1.17. The company’s fifty day moving average price is $118.80 and its 200-day moving average price is $119.37.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the company earned $1.24 earnings per share. The company’s quarterly revenue 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, sell-side analysts expect that Iron Mountain Incorporated will post 5.42 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.8640 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $3.46 annualized dividend and a yield of 3.1%. Iron Mountain’s dividend payout ratio (DPR) is presently 247.14%.

Hedge Funds Weigh In On Iron Mountain

Several large investors have recently made changes to their positions in IRM. Bell Investment Advisors Inc bought a new stake in shares of Iron Mountain in the 2nd quarter worth approximately $26,000. Meeder Asset Management Inc. bought a new stake in Iron Mountain during the second quarter worth approximately $27,000. Wellington Altus USA Inc. acquired a new position in Iron Mountain in the second quarter worth approximately $27,000. Beaird Harris Wealth Management LLC increased its holdings in shares of Iron Mountain by 17,500.0% in the fourth 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 in the last quarter. Finally, Dynamic Wealth Strategies LLC bought a new position in shares of Iron Mountain in the first quarter valued at $31,000. Institutional investors own 80.13% of the company’s stock.

Wall Street Analysts Forecast Growth

IRM has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price target on shares of Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Weiss Ratings cut Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Wall Street Zen downgraded Iron Mountain from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Truist Financial increased their price target on Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Finally, Rothschild & Co Redburn started coverage on Iron Mountain in a research report on Monday, September 21st. They set a “buy” rating and a $132.00 price target on the stock. 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, Iron Mountain currently has an average rating of “Moderate Buy” and a consensus target price of $139.83.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global information management and data center services company. It helps organizations protect, manage and access physical and digital information, including business records, documents, backup media and other critical assets.

The company provides records storage and retrieval, secure shredding and destruction, information governance, digitization, document management and data migration services. Iron Mountain also operates data centers and offers colocation, hybrid cloud and related infrastructure services.