Iron Mountain (NYSE:IRM) Stock: Insider Greg Mcintosh Sells 5,000 Shares

Iron Mountain Incorporated (NYSE:IRM) EVP Greg Mcintosh sold 5,000 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $116.96, for a total transaction of $584,800.00. Following the transaction, the executive vice president owned 65,634 shares of the company’s stock, valued at approximately $7,676,552.64. This represents a 7.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Iron Mountain Stock Up 1.2%

NYSE IRM traded up $1.43 on Tuesday, reaching $116.61. The company had a trading volume of 1,600,570 shares, compared to its average volume of 1,698,995. The stock has a market capitalization of $34.72 billion, a PE ratio of 83.29 and a beta of 1.17. The firm’s 50 day moving average price is $114.53 and its 200 day moving average price is $115.01. Iron Mountain Incorporated has a 12 month low of $77.77 and a 12 month high of $134.68.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.54 by $0.06. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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. On average, research analysts expect that Iron Mountain Incorporated will post 5.42 EPS for the current year.

Iron Mountain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors 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 dividend on an annualized basis and a yield of 3.0%. Iron Mountain’s dividend payout ratio is presently 246.43%.

Analyst Ratings Changes

A number of analysts have issued reports on IRM shares. Rothschild & Co Redburn initiated coverage on Iron Mountain in a research note on Monday, September 21st. They issued a “buy” rating and a $132.00 price objective on the stock. Wells Fargo & Company raised 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. JPMorgan Chase & Co. boosted their price target on shares of Iron Mountain from $138.00 to $147.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Weiss Ratings cut shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Finally, BNP Paribas Exane upped their price target on shares of Iron Mountain from $138.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $143.89.

Hedge Funds Weigh In On Iron Mountain

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Iron Mountain during the second quarter worth approximately $4,240,342,000. Legal & General Group Plc acquired a new position in Iron Mountain in the 2nd quarter valued at $409,843,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Iron Mountain by 29,674.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,193,560 shares of the financial services provider’s stock worth $403,379,000 after purchasing an additional 3,182,834 shares during the period. Deutsche Bank AG acquired a new stake in shares of Iron Mountain during the second quarter worth $385,129,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Iron Mountain in the second quarter valued at $202,106,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global information management and storage company that helps organizations protect, manage and optimize their physical and digital assets. Founded in 1951, the company began as a records storage provider and has expanded into a broader information lifecycle management business.

Its services include records storage and retrieval, information governance, secure shredding and destruction, document scanning, digital transformation, backup and recovery, and data center services.