Iron Mountain Incorporated $IRM Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 5.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 153,303 shares of the financial services provider’s stock after selling 8,735 shares during the quarter. Handelsbanken Fonder AB’s holdings in Iron Mountain were worth $12,716,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Johnson Financial Group Inc. purchased a new stake in shares of Iron Mountain in the third quarter valued at about $32,000. Franchise GP Ltd purchased a new stake in shares of Iron Mountain in the fourth quarter valued at about $38,000. Wealth Watch Advisors INC purchased a new stake in shares of Iron Mountain in the third quarter valued at about $44,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Iron Mountain in the fourth quarter valued at about $45,000. Finally, Global Wealth Strategies & Associates purchased a new stake in shares of Iron Mountain in the fourth quarter valued at about $50,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Iron Mountain Stock Performance

Shares of IRM opened at $127.28 on Friday. The company has a market capitalization of $37.87 billion, a P/E ratio of 139.86 and a beta of 1.20. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.09. The stock has a 50-day moving average price of $113.48 and a 200 day moving average price of $100.29.

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

Iron Mountain Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Monday, June 15th will be given a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, June 15th. Iron Mountain’s payout ratio is 380.22%.

Insider Activity at Iron Mountain

In related news, Director Walter C. Rakowich sold 757 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total value of $94,208.65. Following the sale, the director directly owned 1,135 shares in the company, valued at $141,250.75. The trade was a 40.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mithu Bhargava sold 59,725 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $104.62, for a total transaction of $6,248,429.50. Following the completion of the sale, the executive vice president owned 16,054 shares in the company, valued at $1,679,569.48. The trade was a 78.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 498,771 shares of company stock worth $54,363,582 in the last three months. Insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on IRM. Truist Financial set a $140.00 price target on Iron Mountain in a report on Friday, May 1st. Wells Fargo & Company boosted their price target on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Loop Capital set a $130.00 price target on Iron Mountain in a report on Wednesday, March 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a report on Tuesday, April 21st. Finally, Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.67.

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.