Hsbc Holdings PLC Acquires 104,199 Shares of Iron Mountain Incorporated $IRM

Hsbc Holdings PLC lifted its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 11.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,055,775 shares of the financial services provider’s stock after acquiring an additional 104,199 shares during the period. Hsbc Holdings PLC’s holdings in Iron Mountain were worth $87,577,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cohen & Steers Inc. lifted its holdings in Iron Mountain by 20.0% in the fourth quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock valued at $1,568,110,000 after buying an additional 3,155,034 shares during the period. State Street Corp grew its holdings in Iron Mountain by 1.9% during the 3rd quarter. State Street Corp now owns 17,131,787 shares of the financial services provider’s stock worth $1,759,494,000 after acquiring an additional 322,144 shares during the period. Geode Capital Management LLC raised its position in shares of Iron Mountain by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 8,292,653 shares of the financial services provider’s stock valued at $685,374,000 after acquiring an additional 102,073 shares during the last quarter. Invesco Ltd. raised its position in shares of Iron Mountain by 18.1% during the 3rd quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock valued at $516,481,000 after acquiring an additional 776,933 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Iron Mountain in the 4th quarter valued at $368,890,000. 80.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Barclays increased their target price on Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday. Wall Street Zen upgraded Iron Mountain from a “hold” rating to a “buy” rating in a report on Saturday. Wells Fargo & Company boosted their target price on Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings raised Iron Mountain from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.33.

Insider Buying and Selling

In related news, CAO Daniel Borges sold 7,189 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $125.50, for a total value of $902,219.50. The sale 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, CEO William L. Meaney sold 38,474 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $122.83, for a total value of $4,725,761.42. Following the completion of the transaction, the chief executive officer owned 38,474 shares of the company’s stock, valued at $4,725,761.42. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 137,260 shares of company stock valued at $17,361,672. 1.70% of the stock is owned by company insiders.

Iron Mountain Stock Down 0.0%

Shares of NYSE IRM opened at $117.13 on Friday. The company’s fifty day moving average is $125.74 and its 200-day moving average is $108.19. The stock has a market cap of $34.85 billion, a price-to-earnings ratio of 128.71 and a beta of 1.19. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.68.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.10. The business 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 firm’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. On average, research analysts anticipate that Iron Mountain Incorporated will post 5.4 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be issued a $0.864 dividend. This represents a $3.46 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, June 15th. Iron Mountain’s dividend payout ratio 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.