NewEdge Wealth LLC Has $1.98 Million Holdings in Iron Mountain Incorporated $IRM

NewEdge Wealth LLC lifted its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 41.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,365 shares of the financial services provider’s stock after acquiring an additional 5,663 shares during the quarter. NewEdge Wealth LLC’s holdings in Iron Mountain were worth $1,978,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in IRM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Iron Mountain by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider’s stock worth $2,573,000 after purchasing an additional 1,286 shares during the last quarter. Empowered Funds LLC grew its holdings in Iron Mountain by 10.3% during the first quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock valued at $493,000 after purchasing an additional 537 shares during the last quarter. Woodline Partners LP raised its position in shares of 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 purchasing an additional 7,193 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Iron Mountain by 29.4% in 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 boosted its holdings 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 owned by institutional investors.

Insider Transactions at Iron Mountain

In other news, Director Walter C. Rakowich sold 757 shares of Iron Mountain stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total transaction of $94,208.65. Following the sale, the director directly owned 1,135 shares in the company, valued at approximately $141,250.75. The trade was a 40.01% decrease in their position. The sale was disclosed in a legal filing 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, EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $126.70, for a total transaction of $760,200.00. Following the completion of the sale, the executive vice president directly owned 113,507 shares in the company, valued at approximately $14,381,336.90. The trade was a 5.02% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 137,260 shares of company stock worth $17,361,672. 1.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on IRM. Truist Financial set a $140.00 target price on shares of Iron Mountain in a research note 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. JPMorgan Chase & Co. raised their price target on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Wall Street Zen cut Iron Mountain from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Barclays increased their target price on Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Iron Mountain presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.33.

Iron Mountain Stock Up 3.0%

IRM stock opened at $128.33 on Friday. The business’s 50-day simple moving average is $125.31 and its 200 day simple moving average is $112.45. The company has a market cap of $38.18 billion, a PE ratio of 141.03 and a beta of 1.19. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.68.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.10. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the company earned $1.17 EPS. The company’s quarterly revenue was up 21.5% on a year-over-year basis. 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 research analysts anticipate that Iron Mountain Incorporated will post 5.4 EPS for the current year.

Iron Mountain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were paid a dividend of $0.864 per share. The ex-dividend date was Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.7%. Iron Mountain’s payout ratio is currently 380.22%.

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.