Brokerages Set Iron Mountain Incorporated (NYSE:IRM) Target Price at $131.67

Shares of Iron Mountain Incorporated (NYSE:IRM) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $131.6667.

IRM has been the subject of a number of recent analyst reports. Truist Financial set a $140.00 price objective on shares of Iron Mountain in a research report on Friday, May 1st. Wall Street Zen cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. Wells Fargo & Company upped their price objective on shares of Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Weiss Ratings upgraded shares of Iron Mountain from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. Finally, Loop Capital set a $130.00 price objective on shares of Iron Mountain in a research report on Wednesday, March 4th.

Iron Mountain Stock Performance

Shares of Iron Mountain stock opened at $132.42 on Monday. The firm has a fifty day moving average of $125.32 and a two-hundred day moving average of $107.05. The stock has a market capitalization of $39.40 billion, a price-to-earnings ratio of 145.51 and a beta of 1.19. Iron Mountain has a 52 week low of $77.77 and a 52 week high of $134.68.

Iron Mountain (NYSE:IRM) last issued its earnings results on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.50 by $0.10. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS. 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, research analysts forecast that Iron Mountain will post 5.4 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be given 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 2.6%. Iron Mountain’s dividend payout ratio is currently 380.22%.

Insiders Place Their Bets

In related news, Director Pamela M. Arway sold 1,892 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $128.97, for a total value of $244,011.24. Following the completion of the sale, the director owned 40,196 shares in the company, valued at $5,184,078.12. This represents a 4.50% decrease in their position. The transaction was disclosed in a filing 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 Monday, June 1st. The shares were sold at an average price of $127.55, for a total transaction of $4,907,358.70. Following the completion of the sale, the chief executive officer owned 38,474 shares of the company’s stock, valued at approximately $4,907,358.70. This represents a 50.00% 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. Insiders have sold 143,260 shares of company stock worth $17,203,835 over the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Iron Mountain

A number of large investors have recently added to or reduced their stakes in IRM. Garton & Associates Financial Advisors LLC bought a new position in Iron Mountain during the 4th quarter worth about $25,000. Beaird Harris Wealth Management LLC increased its holdings in Iron Mountain by 17,500.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 350 shares in the last quarter. Dynamic Wealth Strategies LLC bought a new position in Iron Mountain during the 1st quarter worth about $31,000. Johnson Financial Group Inc. bought a new position in Iron Mountain during the 3rd quarter worth about $32,000. Finally, Bayban bought a new position in Iron Mountain during the 4th quarter worth about $33,000. Institutional investors own 80.13% of the company’s stock.

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.