Iron Mountain (NYSE:IRM) EVP Mark Kidd Sells 6,000 Shares

Iron Mountain Incorporated (NYSE:IRM) EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $115.60, for a total transaction of $693,600.00. Following the sale, the executive vice president owned 95,507 shares of the company’s stock, valued at approximately $11,040,609.20. The trade was a 5.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Kidd also recently made the following trade(s):

• On Friday, August 7th, Mark Kidd sold 6,000 shares of Iron Mountain stock. The stock was sold at an average price of $122.70, for a total transaction of $736,200.00.

Iron Mountain Stock Performance

NYSE IRM opened at $111.96 on Thursday. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.68. The company has a 50-day simple moving average of $122.80 and a 200-day simple moving average of $118.54. The firm has a market capitalization of $33.33 billion, a PE ratio of 79.97 and a beta of 1.18.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the business earned $1.24 earnings per share. Iron Mountain’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. Equities analysts forecast that Iron Mountain Incorporated will post 5.42 earnings per share for the current year.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 15th will be issued a $0.864 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 annualized dividend and a dividend yield of 3.1%. Iron Mountain’s dividend payout ratio (DPR) is 247.14%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IRM. California State Teachers Retirement System grew its position in Iron Mountain by 12,879.2% in the 2nd quarter. California State Teachers Retirement System now owns 54,885,358 shares of the financial services provider’s stock valued at $6,932,570,000 after buying an additional 54,462,487 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Iron Mountain during the 2nd quarter worth about $4,240,342,000. Cohen & Steers Inc. raised its position in shares of Iron Mountain by 20.0% during the 4th quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock worth $1,568,110,000 after buying an additional 3,155,034 shares in the last quarter. State Street Corp lifted its stake in shares of Iron Mountain by 1.9% in 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. Finally, Geode Capital Management LLC boosted its holdings in shares of Iron Mountain by 1.2% in the fourth 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 in the last quarter. 80.13% of the stock is owned by institutional investors and hedge funds.

Key Iron Mountain News

Here are the key news stories impacting Iron Mountain this week:

• Positive Sentiment: Iron Mountain expanded its Middle East presence through a partnership with Saudi Arabia’s Social Development Bank. The bank will use Iron Mountain InSight DXP’s AI-powered intelligent document processing to modernize financing workflows, supporting the company’s digital-transformation strategy and potentially creating a foothold for additional regional business. Iron Mountain Expands Footprint in the Middle East with Social Development Bank Partnership
• Positive Sentiment: The company’s latest quarterly results showed strong operating momentum: revenue increased 18.5% year over year to $2.03 billion and earnings per share of $0.60 exceeded the $0.54 consensus estimate. Management also raised full-year 2026 guidance, reinforcing the growth contribution from digital and data-center-related businesses. Iron Mountain Swings To Profit As Growth Businesses Surge
• Neutral Sentiment: Analysts remain generally constructive, with a consensus “Moderate Buy” rating and an average price target of $137.67. However, the target revisions largely follow the August earnings report rather than representing a new catalyst today.
• Negative Sentiment: CEO William Meaney sold 38,474 shares for approximately $4.39 million, reducing his direct ownership by 50%. EVP Mark Kidd sold 6,000 shares and EVP Greg McIntosh sold 5,000 shares. All three transactions were conducted under pre-arranged Rule 10b5-1 plans, which reduces their significance as discretionary bearish bets, but the concentration of executive selling may still weigh on sentiment. Insider Selling at Iron Mountain
• Negative Sentiment: Iron Mountain’s quarterly dividend remains attractive at $0.864 per share, or roughly a 3.1% annualized yield, but its reported payout ratio above 247% may raise questions about earnings-based dividend coverage.

Wall Street Analysts Forecast Growth

IRM has been the subject of a number of recent research reports. Wall Street Zen downgraded Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Barclays boosted their price target on shares of Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Wells Fargo & Company upped their price target 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. Weiss Ratings cut shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Finally, Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $137.67.

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.