BI Asset Management Fondsmaeglerselskab A S Has $219,000 Stake in Iron Mountain Incorporated $IRM

BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 84.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,142 shares of the financial services provider’s stock after selling 12,007 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Iron Mountain were worth $219,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Iron Mountain by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider’s stock valued at $2,573,000 after acquiring an additional 1,286 shares during the last quarter. Empowered Funds LLC lifted its stake in Iron Mountain by 10.3% in the first quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock valued at $493,000 after buying an additional 537 shares during the period. Woodline Partners LP lifted its stake in Iron Mountain by 41.0% in the first quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider’s stock valued at $2,129,000 after buying an additional 7,193 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Iron Mountain by 29.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the financial services provider’s stock worth $136,000 after buying an additional 300 shares during the last quarter. Finally, Cerity Partners LLC grew its position in shares of Iron Mountain by 3.6% during the 2nd quarter. Cerity Partners LLC now owns 35,292 shares of the financial services provider’s stock worth $3,620,000 after buying an additional 1,222 shares during the period. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Stock Up 0.4%

Shares of IRM stock opened at $131.06 on Friday. The firm has a fifty day moving average of $124.95 and a 200-day moving average of $106.71. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.68. The company has a market capitalization of $38.99 billion, a price-to-earnings ratio of 144.02 and a beta of 1.19.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.50 by $0.10. The business had revenue of $1.94 billion for 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 revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the firm 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. On average, equities analysts expect that Iron Mountain Incorporated will post 5.4 EPS for the current year.

Iron Mountain Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be issued a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, June 15th. Iron Mountain’s payout ratio is 380.22%.

Insider Buying and Selling

In other news, Director Walter C. Rakowich sold 757 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $124.45, for a total transaction of $94,208.65. Following the completion of the transaction, the director directly owned 1,135 shares of the company’s stock, valued at $141,250.75. This represents a 40.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Daniel Borges sold 7,189 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $125.50, for a total value of $902,219.50. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 143,260 shares of company stock valued at $17,203,835. Corporate insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

IRM has been the topic of a number of analyst reports. Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. boosted their price objective on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Loop Capital set a $130.00 target price on shares of Iron Mountain in a research note on Wednesday, March 4th. Truist Financial set a $140.00 target price on shares of Iron Mountain in a report on Friday, May 1st. Finally, Wells Fargo & Company lifted their price target on shares of Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Four research 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $131.67.

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.