Public Employees Retirement System of Ohio Acquires 232,207 Shares of Iron Mountain Incorporated $IRM

Public Employees Retirement System of Ohio increased its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 121.3% during the first quarter, Holdings Channel.com reports. The fund owned 423,714 shares of the financial services provider’s stock after purchasing an additional 232,207 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Iron Mountain were worth $43,278,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Dynamic Wealth Strategies LLC acquired a new position in shares of Iron Mountain during the 1st quarter worth approximately $31,000. Garton & Associates Financial Advisors LLC acquired a new stake in Iron Mountain during the fourth quarter worth approximately $25,000. Johnson Financial Group Inc. bought a new position in Iron Mountain during the 3rd quarter worth $32,000. Beaird Harris Wealth Management LLC raised its holdings in Iron Mountain by 17,500.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 350 shares in the last quarter. Finally, Bayban bought a new stake in shares of Iron Mountain during the 4th quarter valued at $33,000. Institutional investors own 80.13% of the company’s stock.

Iron Mountain Trading Up 3.0%

Shares of Iron Mountain stock opened at $128.33 on Friday. The firm’s 50 day moving average is $125.31 and its 200 day moving average is $112.45. The firm has a market capitalization of $38.18 billion, a PE ratio of 141.03 and a beta of 1.19. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.68.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings data 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 business had revenue of $1.94 billion during the quarter, compared to the consensus estimate 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 revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. As a group, research analysts anticipate that Iron Mountain Incorporated will post 5.4 earnings per share for the current year.

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were issued a dividend of $0.864 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.46 annualized dividend and a dividend yield of 2.7%. Iron Mountain’s dividend payout ratio (DPR) is 379.12%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on IRM shares. JPMorgan Chase & Co. boosted their price target on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. 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 report on Tuesday, April 21st. Weiss Ratings lowered shares of Iron Mountain from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Wall Street Zen downgraded shares of Iron Mountain from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Truist Financial set a $140.00 target price on Iron Mountain in a report on Friday, May 1st. 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $134.33.

Insiders Place Their Bets

In other Iron Mountain news, CEO William L. Meaney sold 38,474 shares of the stock in a transaction dated Wednesday, July 1st. The stock was 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 directly owned 38,474 shares in the company, valued at approximately $4,725,761.42. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Pamela M. Arway sold 1,892 shares of Iron Mountain stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $128.97, for a total value of $244,011.24. Following the sale, the director directly owned 40,196 shares in the company, valued at $5,184,078.12. The trade was a 4.50% 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. Over the last quarter, insiders have sold 137,260 shares of company stock worth $17,361,672. Company insiders own 1.70% of the company’s stock.

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.