Wealthfront Advisers LLC Buys Shares of 70,478 Iron Mountain Incorporated $IRM

Wealthfront Advisers LLC purchased a new stake in Iron Mountain Incorporated (NYSE:IRM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 70,478 shares of the financial services provider’s stock, valued at approximately $8,902,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in IRM. Foster & Motley Inc. acquired a new position in Iron Mountain in the second quarter valued at approximately $406,000. Meeder Advisory Services Inc. acquired a new stake in Iron Mountain during the second quarter worth $453,000. Meeder Asset Management Inc. purchased a new stake in Iron Mountain in the second quarter valued at $27,000. Buckland Partners Management Co LLC acquired a new position in shares of Iron Mountain in the 2nd quarter valued at $3,815,000. Finally, IMG Wealth Management Inc. acquired a new stake in shares of Iron Mountain during the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Stock Performance

Shares of IRM stock opened at $121.96 on Thursday. Iron Mountain Incorporated has a fifty-two week low of $77.77 and a fifty-two week high of $134.68. The company has a 50 day moving average price of $124.66 and a 200 day moving average price of $116.83. The stock has a market capitalization of $36.31 billion, a P/E ratio of 87.12 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last released its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period in the prior year, the business earned $1.24 EPS. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. On average, research analysts forecast that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be paid a $0.864 dividend. This represents a $3.46 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 15th. Iron Mountain’s dividend payout ratio (DPR) is presently 247.14%.

Insiders Place Their Bets

In related news, CEO William L. Meaney sold 38,474 shares of Iron Mountain stock in a transaction on Friday, August 7th. The stock was sold at an average price of $121.67, for a total value of $4,681,131.58. Following the completion of the transaction, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $4,681,131.58. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $122.70, for a total value of $736,200.00. Following the transaction, the executive vice president directly owned 101,507 shares of the company’s stock, valued at $12,454,908.90. The trade was a 5.58% 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 quarter, insiders sold 127,422 shares of company stock valued at $15,810,652. 1.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on IRM shares. Barclays upped their target price on shares of Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Wells Fargo & Company increased their price objective on shares of Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. lifted their target price on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings upgraded Iron Mountain from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Iron Mountain presently has a consensus rating of “Moderate Buy” and an average target price of $135.17.

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.