Iron Mountain (NYSE:IRM) Price Target Raised to $155.00

Iron Mountain (NYSE:IRM) had its target price upped by Truist Financial from $140.00 to $155.00 in a research report sent to investors on Thursday morning, MarketBeat reports. The brokerage currently has a buy rating on the financial services provider’s stock.

A number of other analysts have also issued reports on the stock. Barclays boosted their target price on shares of Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. JPMorgan Chase & Co. raised their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Wells Fargo & Company lifted their price objective on shares of Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Weiss Ratings cut shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Finally, Wall Street Zen downgraded shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.67.

Iron Mountain Stock Performance

Shares of NYSE IRM opened at $117.55 on Thursday. Iron Mountain has a fifty-two week low of $77.77 and a fifty-two week high of $134.68. The company has a market cap of $34.99 billion, a price-to-earnings ratio of 83.96 and a beta of 1.20. The business’s 50 day moving average price is $123.89 and its 200-day moving average price is $118.13.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the previous year, the business earned $1.24 EPS. Iron Mountain’s revenue was up 18.5% compared to the same quarter last year. 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. Sell-side analysts predict that Iron Mountain will post 5.42 earnings per share for the current year.

Iron Mountain Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.864 per share. The ex-dividend date is Tuesday, September 15th. This represents a $3.46 annualized dividend and a dividend yield of 2.9%. Iron Mountain’s dividend payout ratio (DPR) is currently 247.14%.

Insider Activity

In related news, CEO William L. Meaney sold 38,474 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $121.67, for a total value of $4,681,131.58. Following the completion of the sale, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at $4,681,131.58. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $122.70, for a total transaction of $736,200.00. Following the transaction, the executive vice president owned 101,507 shares in the company, valued at approximately $12,454,908.90. The trade was a 5.58% decrease in their ownership of the stock. 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 sold 127,422 shares of company stock valued at $15,810,652 over the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Iron Mountain

Hedge funds and other institutional investors have recently modified their holdings of the business. Garton & Associates Financial Advisors LLC purchased a new stake in Iron Mountain during the fourth quarter worth $25,000. Bell Investment Advisors Inc purchased a new position in shares of Iron Mountain in the 2nd quarter valued at $26,000. Meeder Asset Management Inc. bought a new position in shares of Iron Mountain in the 2nd quarter worth $27,000. Beaird Harris Wealth Management LLC raised its position in shares of 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 worth $29,000 after acquiring an additional 350 shares in the last quarter. Finally, Dynamic Wealth Strategies LLC purchased a new stake in shares of Iron Mountain during the 1st quarter worth $31,000. 80.13% of the stock is currently owned by institutional investors.

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.