Walter Rakowich Sells 757 Shares of Iron Mountain (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRM) Director Walter Rakowich sold 757 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total value of $94,208.65. Following the transaction, the director owned 1,135 shares of the company’s stock, valued at approximately $141,250.75. This trade represents a 40.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Iron Mountain Trading Down 0.6%

Shares of NYSE:IRM opened at $126.58 on Friday. The stock has a 50 day moving average of $113.86 and a 200 day moving average of $100.48. The company has a market cap of $37.66 billion, a PE ratio of 139.10 and a beta of 1.20. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.09.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.10. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.86 billion. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The firm’s revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 EPS. Iron Mountain has set its Q2 2026 guidance at 1.400-1.400 EPS and its FY 2026 guidance at 5.790-5.860 EPS. Equities research analysts predict that Iron Mountain Incorporated will post 5.4 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Monday, June 15th will be issued a $0.864 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.7%. Iron Mountain’s payout ratio is currently 380.22%.

Analyst Ratings Changes

IRM has been the topic of a number of research analyst reports. Barclays boosted their price target on Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Wells Fargo & Company boosted their price target on Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. boosted their price target on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.67.

Institutional Trading of Iron Mountain

Hedge funds have recently modified their holdings of the company. Intact Investment Management Inc. purchased a new stake in shares of Iron Mountain during the 3rd quarter worth approximately $3,588,000. NewSquare Capital LLC raised its holdings in shares of Iron Mountain by 4,867.6% during the 3rd quarter. NewSquare Capital LLC now owns 11,823 shares of the financial services provider’s stock worth $1,205,000 after acquiring an additional 11,585 shares in the last quarter. Fieldview Capital Management LLC purchased a new stake in shares of Iron Mountain during the 3rd quarter worth approximately $3,092,000. J.W. Cole Advisors Inc. raised its holdings in shares of Iron Mountain by 54.8% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 33,596 shares of the financial services provider’s stock worth $3,425,000 after acquiring an additional 11,893 shares in the last quarter. Finally, AGF Management Ltd. raised its holdings in shares of Iron Mountain by 178.0% during the 3rd quarter. AGF Management Ltd. now owns 22,185 shares of the financial services provider’s stock worth $2,262,000 after acquiring an additional 14,205 shares in the last quarter. 80.13% of the stock is owned by hedge funds and other institutional investors.

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.