Iron Mountain (NYSE:IRM) Shares Up 5% – What’s Next?

Iron Mountain Incorporated (NYSE:IRM) was up 5% during mid-day trading on Friday . The stock traded as high as $131.09 and last traded at $130.72. 72,907 shares were traded during trading, a decline of 96% from the average daily volume of 1,759,032 shares. The stock had previously closed at $124.55.

Analysts Set New Price Targets

Several research analysts have recently commented on IRM shares. Weiss Ratings lowered Iron Mountain from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Wells Fargo & Company upped their price target on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. raised their price objective on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Wall Street Zen raised shares of Iron Mountain from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Finally, Barclays boosted their target price on shares of Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Iron Mountain presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.33.

Iron Mountain Price Performance

The company has a market capitalization of $39.38 billion, a P/E ratio of 145.34 and a beta of 1.19. The company has a fifty day moving average price of $125.24 and a 200 day moving average price of $112.34.

Iron Mountain (NYSE:IRM) last announced 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 business 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%.The business’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the firm earned $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. On average, 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 business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were given a $0.864 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.46 annualized dividend and a yield of 2.6%. Iron Mountain’s dividend payout ratio (DPR) is currently 380.22%.

Insider Buying and Selling

In other news, EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $126.70, for a total transaction of $760,200.00. Following the completion of the transaction, the executive vice president owned 113,507 shares of the company’s stock, valued at approximately $14,381,336.90. The trade was a 5.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Pamela M. Arway sold 1,892 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $128.97, for a total transaction of $244,011.24. Following the transaction, the director owned 40,196 shares of the company’s stock, valued at $5,184,078.12. This represents a 4.50% decrease in their position. 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 sold a total of 137,260 shares of company stock valued at $17,361,672 in the last three months. 1.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Garton & Associates Financial Advisors LLC bought a new stake in shares of Iron Mountain during the fourth quarter valued at approximately $25,000. Beaird Harris Wealth Management LLC grew its holdings in Iron Mountain by 17,500.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock worth $29,000 after buying an additional 350 shares in the last quarter. Dynamic Wealth Strategies LLC bought a new position in Iron Mountain in the 1st quarter worth approximately $31,000. Johnson Financial Group Inc. acquired a new stake in Iron Mountain in the 3rd quarter valued at approximately $32,000. Finally, Bayban bought a new stake in Iron Mountain during the 4th quarter valued at $33,000. Institutional investors own 80.13% of the company’s stock.

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.