Iron Mountain Incorporated $IRM Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its holdings in Iron Mountain Incorporated (NYSE:IRM) by 9.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 110,692 shares of the financial services provider’s stock after purchasing an additional 9,630 shares during the period. NEOS Investment Management LLC’s holdings in Iron Mountain were worth $13,982,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in IRM. Canada Pension Plan Investment Board acquired a new stake in shares of Iron Mountain during the 2nd quarter valued at approximately $3,709,000. RB Capital Management LLC acquired a new position in Iron Mountain in the second quarter worth $5,907,000. Sanctuary Advisors LLC bought a new stake in Iron Mountain during the second quarter valued at $17,300,000. Glenview Trust Co bought a new position in shares of Iron Mountain in the 2nd quarter worth about $1,391,000. Finally, BDFS Capital LLC acquired a new position in shares of Iron Mountain in the 4th quarter valued at about $340,000. Institutional investors own 80.13% of the company’s stock.

Insider Activity at Iron Mountain

In other news, CEO William L. Meaney sold 38,474 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $114.08, for a total value of $4,389,113.92. Following the completion of the sale, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at approximately $4,389,113.92. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $115.60, for a total transaction of $693,600.00. Following the transaction, the executive vice president owned 95,507 shares in the company, valued at $11,040,609.20. This represents a 5.91% 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 132,422 shares of company stock worth $15,803,807 over the last ninety days. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IRM. Wells Fargo & Company increased their price objective 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 cut Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Truist Financial raised their price target on Iron Mountain from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen cut Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $137.67.

Iron Mountain Trading Up 1.6%

Shares of NYSE IRM opened at $116.81 on Friday. The stock has a 50 day simple moving average of $122.18 and a 200-day simple moving average of $118.56. The company has a market cap of $34.77 billion, a PE ratio of 83.44 and a beta of 1.18. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.68.

Iron Mountain (NYSE:IRM) last posted its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.54 by $0.06. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The firm’s revenue was up 18.5% compared to the same quarter last year. During the same period last year, the firm earned $1.24 EPS. 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. Sell-side analysts forecast that Iron Mountain Incorporated will post 5.42 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, October 2nd. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Iron Mountain’s dividend payout ratio (DPR) is 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.