Stock Traders Purchase Large Volume of Put Options on Iron Mountain (NYSE:IRM)

Iron Mountain Incorporated (NYSE:IRM) saw unusually large options trading activity on Thursday. Stock traders purchased 2,667 put options on the company. This represents an increase of 22% compared to the average volume of 2,191 put options.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Barclays increased their price target on Iron Mountain from $143.00 to $144.00 and gave the company an “overweight” rating in a research report on Tuesday, September 8th. Weiss Ratings cut shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Truist Financial lifted their price target on shares of Iron Mountain from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Wells Fargo & Company boosted their price target on shares of Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, Rothschild & Co Redburn initiated coverage on shares of Iron Mountain in a research report on Monday, September 21st. They issued a “buy” rating and a $132.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Iron Mountain currently has an average rating of “Moderate Buy” and a consensus price target of $139.83.

Iron Mountain Trading Down 1.0%

IRM stock traded down $1.13 during trading on Thursday, hitting $109.82. 446,341 shares of the company’s stock were exchanged, compared to its average volume of 1,738,245. The business has a 50-day moving average price of $119.37 and a two-hundred day moving average price of $119.30. The stock has a market capitalization of $32.69 billion, a price-to-earnings ratio of 78.51 and a beta of 1.18. Iron Mountain has a 52-week low of $77.77 and a 52-week high of $134.68.

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 analysts’ consensus estimates of $0.54 by $0.06. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the company earned $1.24 earnings per share. 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, equities research analysts anticipate that Iron Mountain will post 5.42 earnings per share for the current fiscal 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 given a $0.8640 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a yield of 3.1%. Iron Mountain’s payout ratio is 247.14%.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $122.70, for a total value of $736,200.00. Following the completion of the transaction, the executive vice president owned 101,507 shares of the company’s stock, valued at $12,454,908.90. This trade represents a 5.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Meaney sold 38,474 shares of the company’s 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 sale, the chief executive officer directly owned 38,474 shares in the company, valued at $4,681,131.58. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 93,948 shares of company stock valued at $11,078,046 in the last 90 days. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Iron Mountain

Several hedge funds have recently made changes to their positions in IRM. Canada Pension Plan Investment Board acquired a new stake in shares of Iron Mountain in the second quarter valued at approximately $3,709,000. RB Capital Management LLC acquired a new position in shares of Iron Mountain in the 2nd quarter valued at $5,907,000. Glenview Trust Co purchased a new stake in Iron Mountain in the 2nd quarter valued at $1,391,000. Sanctuary Advisors LLC acquired a new stake in Iron Mountain during the 2nd quarter worth $17,300,000. Finally, Deutsche Bank AG acquired a new stake in Iron Mountain during the 2nd quarter worth $385,129,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Iron Mountain Company Profile

Iron Mountain Incorporated (NYSE: IRM) is a global information management and data center services company. It helps organizations protect, manage and access physical and digital information, including business records, documents, backup media and other critical assets.

The company provides records storage and retrieval, secure shredding and destruction, information governance, digitization, document management and data migration services. Iron Mountain also operates data centers and offers colocation, hybrid cloud and related infrastructure services.