Iron Mountain Incorporated $IRM Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC decreased its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 43.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,883 shares of the financial services provider’s stock after selling 7,511 shares during the period. Sterling Capital Management LLC’s holdings in Iron Mountain were worth $1,009,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Welch Group LLC increased its position in shares of Iron Mountain by 6.0% during the 1st quarter. Welch Group LLC now owns 5,069 shares of the financial services provider’s stock valued at $518,000 after purchasing an additional 288 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Iron Mountain in the first quarter valued at $1,542,000. Silver Oak Securities Incorporated bought a new position in Iron Mountain during the first quarter valued at about $214,000. Kestra Private Wealth Services LLC boosted its stake in Iron Mountain by 4.9% during the first quarter. Kestra Private Wealth Services LLC now owns 15,153 shares of the financial services provider’s stock valued at $1,548,000 after buying an additional 701 shares in the last quarter. Finally, OP Asset Management Ltd acquired a new position in Iron Mountain during the first quarter worth about $3,135,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Truist Financial set a $140.00 price target on shares of Iron Mountain in a research report on Friday, May 1st. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. 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 report on Tuesday, April 21st. JPMorgan Chase & Co. increased their target price on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Wall Street Zen cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $131.67.

Insiders Place Their Bets

In related news, CEO William L. Meaney sold 38,474 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $127.55, for a total value of $4,907,358.70. Following the completion of the transaction, the chief executive officer owned 38,474 shares of the company’s stock, valued at approximately $4,907,358.70. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 that occurred 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 transaction, the director owned 1,135 shares in the company, valued at approximately $141,250.75. The trade was a 40.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 98,786 shares of company stock worth $12,635,911 in the last quarter. Corporate insiders own 1.70% of the company’s stock.

Iron Mountain Stock Down 2.8%

Shares of NYSE IRM opened at $126.31 on Wednesday. Iron Mountain Incorporated has a 12 month low of $77.77 and a 12 month high of $134.68. The company has a market cap of $37.58 billion, a price-to-earnings ratio of 138.80 and a beta of 1.19. The business has a fifty day simple moving average of $125.74 and a 200-day simple moving average of $107.65.

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

Iron Mountain Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.864 per share. The ex-dividend date is Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.7%. Iron Mountain’s payout ratio is currently 380.22%.

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.