Thrivent Financial for Lutherans Lowers Stock Holdings in Iron Mountain Incorporated $IRM

Thrivent Financial for Lutherans decreased its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 8.5% during the fourth quarter, HoldingsChannel reports. The firm owned 106,046 shares of the financial services provider’s stock after selling 9,840 shares during the period. Thrivent Financial for Lutherans’ holdings in Iron Mountain were worth $8,803,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Johnson Financial Group Inc. purchased a new stake in Iron Mountain during the third quarter valued at about $32,000. Wealth Watch Advisors INC purchased a new stake in Iron Mountain during the third quarter valued at about $44,000. Franchise GP Ltd purchased a new stake in Iron Mountain during the fourth quarter valued at about $38,000. Washington Trust Advisors Inc. purchased a new stake in Iron Mountain during the third quarter valued at about $54,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Iron Mountain during the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Iron Mountain Trading Down 0.3%

Shares of NYSE:IRM opened at $123.54 on Wednesday. The stock’s 50-day moving average price is $112.72 and its 200-day moving average price is $99.95. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.09. The stock has a market capitalization of $36.76 billion, a P/E ratio of 135.76 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last posted its earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.10. The company 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 quarterly revenue was up 21.5% on a year-over-year basis. During the same period last year, the firm 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, research analysts predict that Iron Mountain Incorporated will post 5.4 EPS for the current year.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Monday, June 15th will be paid a $0.864 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.46 annualized dividend and a dividend yield of 2.8%. Iron Mountain’s dividend payout ratio (DPR) is presently 380.22%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IRM. Loop Capital set a $130.00 price objective on Iron Mountain in a research note on Wednesday, March 4th. JPMorgan Chase & Co. raised their price objective on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Wells Fargo & Company raised their price objective on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a research note on Tuesday, April 21st. Finally, Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $131.67.

Insider Buying and Selling

In related news, Director Pamela M. Arway sold 1,892 shares of the firm’s stock in a transaction dated 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 directly owned 40,196 shares of the company’s stock, valued at $5,184,078.12. This trade 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 available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was 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. The trade was a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 498,014 shares of company stock valued at $54,269,373 over the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Iron Mountain 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.