Danske Bank A S Invests $20.33 Million in Iron Mountain Incorporated $IRM

Danske Bank A S acquired a new stake in shares of Iron Mountain Incorporated (NYSE:IRM) during the second quarter, HoldingsChannel reports. The firm acquired 160,962 shares of the financial services provider’s stock, valued at approximately $20,331,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Iron Mountain in the 2nd quarter valued at $4,240,342,000. Cohen & Steers Inc. boosted its position in shares of Iron Mountain by 20.0% during the 4th quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock valued at $1,568,110,000 after acquiring an additional 3,155,034 shares in the last quarter. State Street Corp boosted its position in shares of Iron Mountain by 1.9% during the 3rd quarter. State Street Corp now owns 17,131,787 shares of the financial services provider’s stock valued at $1,759,494,000 after acquiring an additional 322,144 shares in the last quarter. Geode Capital Management LLC increased its stake in Iron Mountain by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 8,292,653 shares of the financial services provider’s stock valued at $685,374,000 after acquiring an additional 102,073 shares during the period. Finally, Invesco Ltd. raised its position in Iron Mountain by 18.1% in the third quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock worth $516,481,000 after purchasing an additional 776,933 shares in the last quarter. 80.13% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO William L. Meaney sold 38,474 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $121.67, for a total transaction of $4,681,131.58. Following the transaction, the chief executive officer owned 38,474 shares in the company, valued at $4,681,131.58. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $122.70, for a total transaction of $736,200.00. Following the sale, the executive vice president directly owned 101,507 shares in the company, valued at approximately $12,454,908.90. This represents a 5.58% decrease in their position. 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 90 days, insiders sold 127,422 shares of company stock valued at $15,810,652. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded Iron Mountain from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Barclays increased their target price on Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. raised their target price on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.17.

Iron Mountain Trading Up 0.8%

NYSE:IRM opened at $123.09 on Friday. The stock has a market capitalization of $36.64 billion, a P/E ratio of 87.92 and a beta of 1.20. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.68. The firm has a 50 day moving average of $124.62 and a 200-day moving average of $117.04.

Iron Mountain (NYSE:IRM) last released its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period in the prior year, the company earned $1.24 EPS. Iron Mountain’s revenue for the quarter was up 18.5% on a year-over-year basis. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. As a group, analysts forecast that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.864 per share. This represents a $3.46 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 15th. Iron Mountain’s dividend payout ratio is presently 247.14%.

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.