Contour Asset Management LLC Sells 333,648 Shares of Iron Mountain Incorporated $IRM

Contour Asset Management LLC lessened its holdings in Iron Mountain Incorporated (NYSE:IRM) by 10.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,832,182 shares of the financial services provider’s stock after selling 333,648 shares during the period. Iron Mountain makes up 5.5% of Contour Asset Management LLC’s portfolio, making the stock its 6th biggest position. Contour Asset Management LLC’s holdings in Iron Mountain were worth $234,929,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in IRM. Koshinski Asset Management Inc. boosted its position in shares of Iron Mountain by 2.0% during the 3rd quarter. Koshinski Asset Management Inc. now owns 5,108 shares of the financial services provider’s stock valued at $521,000 after acquiring an additional 98 shares in the last quarter. Rothschild Investment LLC raised its position in Iron Mountain by 15.4% in the fourth quarter. Rothschild Investment LLC now owns 780 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 104 shares in the last quarter. Corrado Advisors LLC lifted its stake in Iron Mountain by 0.6% during the fourth quarter. Corrado Advisors LLC now owns 19,856 shares of the financial services provider’s stock worth $1,647,000 after purchasing an additional 110 shares during the period. Coldstream Capital Management Inc. boosted its holdings in Iron Mountain by 1.6% during the third quarter. Coldstream Capital Management Inc. now owns 7,506 shares of the financial services provider’s stock valued at $765,000 after purchasing an additional 121 shares in the last quarter. Finally, Personal CFO Solutions LLC boosted its holdings in Iron Mountain by 5.3% during the third quarter. Personal CFO Solutions LLC now owns 2,450 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 124 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insiders Place Their Bets

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $126.70, for a total value of $760,200.00. Following the completion of the sale, the executive vice president owned 113,507 shares in the company, valued at approximately $14,381,336.90. This trade represents a 5.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Walter C. Rakowich sold 757 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $124.45, for a total transaction of $94,208.65. Following the completion of the transaction, the director directly owned 1,135 shares of the company’s stock, valued at approximately $141,250.75. This represents a 40.01% decrease in their ownership of the stock. 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 sold a total of 143,260 shares of company stock valued at $17,203,835 over the last three months. Company insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on IRM shares. Wall Street Zen cut Iron Mountain from a “buy” rating to a “hold” rating in a report on Sunday. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a research note on Tuesday, April 21st. Loop Capital set a $130.00 price objective on Iron Mountain in a report on Wednesday, March 4th. Finally, Wells Fargo & Company boosted their target price on shares of Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

Iron Mountain Price Performance

Shares of IRM opened at $125.57 on Thursday. The company has a market capitalization of $37.36 billion, a P/E ratio of 137.99 and a beta of 1.19. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.09. The business’s 50 day simple moving average is $122.41 and its 200-day simple moving average is $104.76.

Iron Mountain (NYSE:IRM) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.10. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the firm posted $1.17 EPS. The business’s revenue was up 21.5% on a year-over-year basis. 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. On average, sell-side analysts anticipate that Iron Mountain Incorporated will post 5.4 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be paid a $0.864 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.8%. Iron Mountain’s dividend payout ratio (DPR) is 380.22%.

Iron Mountain Company 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.