VIRGINIA RETIREMENT SYSTEMS ET Al Cuts Stock Position in Iron Mountain Incorporated $IRM

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,800 shares of the financial services provider’s stock after selling 7,800 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Iron Mountain were worth $10,352,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of IRM. Quent Capital LLC purchased a new stake in shares of Iron Mountain during the third quarter worth approximately $27,000. Johnson Financial Group Inc. purchased a new stake in shares of Iron Mountain during the third quarter worth approximately $32,000. Franchise GP Ltd purchased a new stake in shares of Iron Mountain during the fourth quarter worth approximately $38,000. Wealth Watch Advisors INC purchased a new stake in shares of Iron Mountain during the third quarter worth approximately $44,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Iron Mountain during the fourth quarter worth approximately $45,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Iron Mountain Stock Performance

Iron Mountain stock opened at $126.09 on Thursday. The firm has a market capitalization of $37.51 billion, a price-to-earnings ratio of 138.56 and a beta of 1.20. Iron Mountain Incorporated has a fifty-two week low of $77.77 and a fifty-two week high of $134.09. The stock’s fifty day moving average is $111.27 and its two-hundred day moving average is $99.37.

Iron Mountain (NYSE:IRM) last posted its earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.10. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.17 earnings per share. 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 forecast that Iron Mountain Incorporated will post 5.4 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders 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 annualized dividend and a yield of 2.7%. Iron Mountain’s dividend payout ratio is 380.22%.

Insider Buying and Selling

In other Iron Mountain news, Director Pamela M. Arway sold 1,892 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $128.97, for a total value of $244,011.24. Following the sale, the director owned 40,196 shares of the company’s stock, valued at approximately $5,184,078.12. This represents a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $128.93, for a total value of $4,960,452.82. Following the completion of the sale, the chief executive officer directly owned 38,474 shares in the company, valued at $4,960,452.82. This trade represents a 50.00% 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 have sold 498,014 shares of company stock valued at $54,269,373 in the last three months. 1.70% of the stock is owned by insiders.

Analyst Ratings Changes

IRM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Barclays upped their price objective on Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Truist Financial set a $140.00 price objective on Iron Mountain in a report on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a report on Tuesday, April 21st. Finally, Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.67.

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.