Iron Mountain Incorporated $IRM Stock Position Reduced by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. lessened its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 41.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,560 shares of the financial services provider’s stock after selling 45,910 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in Iron Mountain were worth $7,325,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. RB Capital Management LLC acquired a new stake in Iron Mountain in the 2nd quarter worth about $5,907,000. Canada Pension Plan Investment Board acquired a new stake in shares of Iron Mountain in the second quarter worth approximately $3,709,000. Glenview Trust Co acquired a new stake in shares of Iron Mountain in the second quarter worth approximately $1,391,000. Sanctuary Advisors LLC purchased a new stake in shares of Iron Mountain during the second quarter worth $17,300,000. Finally, Deutsche Bank AG purchased a new stake in shares of Iron Mountain during the second quarter worth $385,129,000. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Iron Mountain Price Performance

Shares of NYSE:IRM opened at $116.58 on Monday. The firm has a market capitalization of $34.71 billion, a price-to-earnings ratio of 83.27 and a beta of 1.18. The business’s 50 day simple moving average is $114.67 and its 200-day simple moving average is $114.89. Iron Mountain Incorporated has a 12 month low of $77.77 and a 12 month high of $134.68.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the previous year, the firm posted $1.24 earnings per share. Iron Mountain’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, equities analysts anticipate that Iron Mountain Incorporated will post 5.42 earnings per share for the current year.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Tuesday, September 15th were paid a $0.8640 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a yield of 3.0%. Iron Mountain’s dividend payout ratio is presently 247.14%.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 38,474 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $110.45, for a total transaction of $4,249,453.30. Following the sale, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at $4,249,453.30. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 business’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 completion of the transaction, the executive vice president directly owned 95,507 shares of the company’s stock, valued at approximately $11,040,609.20. This represents a 5.91% 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. In the last 90 days, insiders have sold 137,422 shares of company stock worth $15,881,099. 1.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IRM. Wells Fargo & Company increased their price target on shares of Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Truist Financial raised their target price on Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Barclays upped their price objective on Iron Mountain from $143.00 to $144.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 8th. Wall Street Zen lowered Iron Mountain from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, The Goldman Sachs Group upped their price target on Iron Mountain from $153.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, October 6th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Iron Mountain has an average rating of “Moderate Buy” and a consensus target price of $143.89.

Iron Mountain Profile

Iron Mountain Incorporated (NYSE: IRM) is a global information management and storage company that helps organizations protect, manage and optimize their physical and digital assets. Founded in 1951, the company began as a records storage provider and has expanded into a broader information lifecycle management business.

Its services include records storage and retrieval, information governance, secure shredding and destruction, document scanning, digital transformation, backup and recovery, and data center services.