Iron Mountain (NYSE:IRM) Sets New 52-Week High – Time to Buy?

Iron Mountain Incorporated (NYSE:IRM)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $134.68 and last traded at $132.0350, with a volume of 36915 shares changing hands. The stock had previously closed at $133.06.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on IRM shares. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Truist Financial set a $140.00 target price on shares of Iron Mountain in a research note on Friday, May 1st. Wells Fargo & Company boosted their target price on shares of Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. increased their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Weiss Ratings upgraded shares of Iron Mountain from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Iron Mountain currently has an average rating of “Moderate Buy” and an average price target of $131.67.

Iron Mountain Stock Performance

The stock has a 50 day moving average of $124.95 and a two-hundred day moving average of $106.71. The firm has a market capitalization of $38.99 billion, a P/E ratio of 144.02 and a beta of 1.19.

Iron Mountain (NYSE:IRM) last announced its earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.10. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the business earned $1.17 earnings per share. The company’s revenue was up 21.5% on a year-over-year basis. 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. Sell-side analysts predict that Iron Mountain Incorporated will post 5.4 EPS for the current year.

Iron Mountain Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be paid a $0.864 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.6%. Iron Mountain’s dividend payout ratio (DPR) is presently 380.22%.

Insider Transactions at Iron Mountain

In related news, CEO William L. Meaney sold 38,474 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $102.71, for a total value of $3,951,664.54. Following the completion of the transaction, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $3,951,664.54. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Walter C. Rakowich sold 757 shares of Iron Mountain stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $124.45, for a total transaction of $94,208.65. Following the sale, the director owned 1,135 shares in the company, valued at $141,250.75. This represents a 40.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 143,260 shares of company stock worth $17,203,835. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Iron Mountain

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Garton & Associates Financial Advisors LLC bought a new stake in Iron Mountain in the fourth quarter valued at about $25,000. Beaird Harris Wealth Management LLC boosted its holdings in Iron Mountain by 17,500.0% during the fourth 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 in the last quarter. Dynamic Wealth Strategies LLC bought a new stake in shares of Iron Mountain in the 1st quarter valued at approximately $31,000. Johnson Financial Group Inc. bought a new stake in shares of Iron Mountain in the 3rd quarter valued at approximately $32,000. Finally, Bayban acquired a new position in shares of Iron Mountain in the 4th quarter worth approximately $33,000. 80.13% of the stock is owned by institutional investors.

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.