Iron Mountain (NYSE:IRM) CEO William Meaney Sells 38,474 Shares of Stock

Iron Mountain Incorporated (NYSE:IRM) CEO William 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Iron Mountain Stock Up 1.5%

NYSE:IRM opened at $128.32 on Wednesday. The company has a market cap of $38.18 billion, a PE ratio of 141.01 and a beta of 1.19. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week high of $134.09. The business’s 50 day moving average is $116.32 and its two-hundred day moving average is $101.52.

Iron Mountain (NYSE:IRM) last announced its quarterly 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 business had revenue of $1.94 billion for the quarter, compared to the consensus estimate 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 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 business also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Investors 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 dividend yield of 2.7%. Iron Mountain’s dividend payout ratio (DPR) is 380.22%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Truist Financial set a $140.00 target price on Iron Mountain in a research note on Friday, May 1st. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Loop Capital set a $130.00 target price on Iron Mountain in a research note on Wednesday, March 4th. Finally, Barclays lifted their target price on Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Iron Mountain presently has an average rating of “Moderate Buy” and a consensus price target of $131.67.

Hedge Funds Weigh In On Iron Mountain

A number of hedge funds have recently modified their holdings of IRM. Norges Bank acquired a new position in shares of Iron Mountain in the 4th quarter worth $368,890,000. Cohen & Steers Inc. grew its holdings in shares of 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 worth $1,568,110,000 after acquiring an additional 3,155,034 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Iron Mountain by 597.9% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,161,589 shares of the financial services provider’s stock worth $322,292,000 after acquiring an additional 2,708,560 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Iron Mountain by 66.5% in the 4th quarter. Principal Financial Group Inc. now owns 4,207,596 shares of the financial services provider’s stock worth $349,021,000 after acquiring an additional 1,680,438 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Iron Mountain by 18.1% in the 3rd quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock worth $516,481,000 after acquiring an additional 776,933 shares during the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

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.