Iron Mountain Incorporated $IRM Shares Bought by Vestcor Inc

Vestcor Inc raised its holdings in Iron Mountain Incorporated (NYSE:IRM) by 75.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 88,891 shares of the financial services provider’s stock after acquiring an additional 38,332 shares during the period. Vestcor Inc’s holdings in Iron Mountain were worth $7,374,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Pinebridge Investments LLC acquired a new stake in shares of Iron Mountain during the 4th quarter worth approximately $6,504,000. Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in shares of Iron Mountain during the 4th quarter worth approximately $4,257,000. Vise Technologies Inc. acquired a new stake in shares of Iron Mountain during the 4th quarter worth approximately $271,000. Continuum Advisory LLC increased its holdings in shares of Iron Mountain by 36.3% during the 4th quarter. Continuum Advisory LLC now owns 2,830 shares of the financial services provider’s stock worth $235,000 after buying an additional 753 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Iron Mountain by 16.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,654,086 shares of the financial services provider’s stock worth $303,106,000 after buying an additional 502,998 shares during the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Stock Performance

NYSE:IRM opened at $124.82 on Friday. The stock has a market capitalization of $37.14 billion, a P/E ratio of 137.16 and a beta of 1.19. The company has a 50 day moving average price of $118.50 and a 200 day moving average price of $102.42. Iron Mountain Incorporated has a fifty-two week low of $77.77 and a fifty-two week high of $134.09.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data 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 firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the company 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. Research analysts forecast that Iron Mountain Incorporated will post 5.4 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

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

Insider Buying and Selling

In other Iron Mountain news, CEO William L. Meaney sold 38,474 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $102.71, for a total value of $3,951,664.54. Following the completion of the transaction, the chief executive officer owned 38,474 shares of the company’s stock, valued at $3,951,664.54. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Pamela M. Arway sold 1,892 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $128.97, for a total transaction of $244,011.24. Following the completion of the transaction, the director directly owned 40,196 shares of the company’s stock, valued at $5,184,078.12. This represents a 4.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 202,985 shares of company stock worth $23,452,265 over the last three months. 1.70% of the stock is owned by insiders.

Analysts Set New Price Targets

IRM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Wall Street Zen upgraded shares of Iron Mountain from a “hold” rating to a “buy” rating in a report on Saturday. Truist Financial set a $140.00 price target on shares of Iron Mountain in a report on Friday, May 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a report on Tuesday, April 21st. Four 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, the company has a consensus rating of “Moderate Buy” and a consensus 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.