Centaurus Financial Inc. Acquires Shares of 6,589 Iron Mountain Incorporated $IRM

Centaurus Financial Inc. bought a new stake in shares of Iron Mountain Incorporated (NYSE:IRM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,589 shares of the financial services provider’s stock, valued at approximately $832,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bell Investment Advisors Inc bought a new stake in Iron Mountain in the second quarter worth about $26,000. Meeder Asset Management Inc. purchased a new stake in Iron Mountain in the second quarter worth $27,000. IMG Wealth Management Inc. bought a new stake in shares of Iron Mountain in the second quarter valued at $34,000. Elevation Wealth Partners LLC lifted its position in shares of Iron Mountain by 444.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 283 shares of the financial services provider’s stock valued at $36,000 after buying an additional 231 shares during the last quarter. Finally, Dynamic Wealth Strategies LLC bought a new position in shares of Iron Mountain during the 1st quarter worth $31,000. 80.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on IRM shares. JPMorgan Chase & Co. lifted their price objective on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wells Fargo & Company increased their target price on shares of Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Truist Financial lifted their target price on shares of Iron Mountain from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday. Weiss Ratings lowered shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Finally, Barclays upped their price target on shares of Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $137.67.

Iron Mountain Stock Performance

Shares of IRM opened at $117.55 on Friday. Iron Mountain Incorporated has a 52-week low of $77.77 and a 52-week high of $134.68. The stock’s 50-day simple moving average is $123.89 and its 200 day simple moving average is $118.13. The stock has a market capitalization of $34.99 billion, a price-to-earnings ratio of 83.96 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the prior year, the business posted $1.24 earnings per share. The company’s revenue 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. On average, research analysts forecast that Iron Mountain Incorporated will post 5.42 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 15th will be paid a dividend of $0.864 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 annualized dividend and a yield of 2.9%. Iron Mountain’s payout ratio is currently 247.14%.

Insider Buying and Selling

In other news, EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $122.70, for a total transaction of $736,200.00. Following the completion of the transaction, the executive vice president directly owned 101,507 shares in the company, valued at $12,454,908.90. The trade was a 5.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $121.67, for a total transaction of $4,681,131.58. Following the completion of the transaction, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $4,681,131.58. The trade was a 50.00% 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. Insiders have sold a total of 127,422 shares of company stock worth $15,810,652 in the last ninety days. 1.70% of the stock is currently owned by insiders.

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.