Rothschild & Co Redburn Upgrades Iron Mountain (NYSE:IRM) to Strong-Buy

Iron Mountain (NYSE:IRM) was upgraded by Rothschild & Co Redburn to a “strong-buy” rating in a report released on Monday, Zacks reports.

Other research analysts have also recently issued reports about the stock. Barclays increased their target price on shares of Iron Mountain from $143.00 to $144.00 and gave the company an “overweight” rating in a report on Tuesday, September 8th. Wells Fargo & Company upped their price target on Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Wall Street Zen downgraded Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Truist Financial lifted their price objective on Iron Mountain from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Finally, Weiss Ratings downgraded Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Iron Mountain currently has an average rating of “Moderate Buy” and an average price target of $139.83.

Iron Mountain Stock Up 2.1%

NYSE:IRM opened at $116.74 on Monday. Iron Mountain has a fifty-two week low of $77.77 and a fifty-two week high of $134.68. The stock has a market cap of $34.75 billion, a PE ratio of 83.39 and a beta of 1.18. The firm’s fifty day simple moving average is $120.85 and its 200-day simple moving average is $119.00.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.54 by $0.06. The firm had revenue of $2.03 billion during 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 revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.24 earnings per share. 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. Equities analysts anticipate that Iron Mountain will post 5.42 earnings per share for the current year.

Insider Activity

In other news, CEO William Meaney sold 38,474 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $114.08, for a total transaction of $4,389,113.92. Following the completion of the transaction, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at $4,389,113.92. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $115.60, for a total value of $693,600.00. Following the transaction, the executive vice president owned 95,507 shares of the company’s stock, valued at $11,040,609.20. This represents a 5.91% 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 132,422 shares of company stock worth $15,803,807 over the last ninety days. 1.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Iron Mountain

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Iron Mountain in the second quarter worth approximately $4,240,342,000. Cohen & Steers Inc. increased its holdings in Iron Mountain by 20.0% in the 4th quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock valued at $1,568,110,000 after purchasing an additional 3,155,034 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Iron Mountain by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 8,292,653 shares of the financial services provider’s stock valued at $685,374,000 after buying an additional 102,073 shares during the period. Principal Financial Group Inc. raised its stake in shares of Iron Mountain by 8.5% during the first quarter. Principal Financial Group Inc. now owns 4,566,093 shares of the financial services provider’s stock valued at $466,382,000 after purchasing an additional 358,497 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Iron Mountain by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,552,286 shares of the financial services provider’s stock worth $464,931,000 after buying an additional 122,927 shares during the period. Institutional investors and hedge funds own 80.13% of the company’s stock.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global information management and data storage company. Founded in 1951, the company helps organizations protect, manage and preserve physical and digital information throughout its lifecycle.

Its services include records storage, document management, secure shredding and destruction, information governance, data backup and recovery, and digital transformation. Iron Mountain also operates data centers that support colocation, cloud connectivity and other infrastructure needs for businesses and public-sector organizations.

The company serves customers across a range of industries, including financial services, healthcare, government, legal services and entertainment.