Iron Mountain Incorporated $IRM Shares Bought by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co boosted its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 7.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,938 shares of the financial services provider’s stock after acquiring an additional 6,000 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Iron Mountain were worth $7,212,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FSA Advisors Inc. acquired a new position in Iron Mountain during the fourth quarter worth about $1,200,000. Intact Investment Management Inc. raised its holdings in shares of Iron Mountain by 103.4% in the fourth quarter. Intact Investment Management Inc. now owns 71,600 shares of the financial services provider’s stock worth $5,939,000 after acquiring an additional 36,400 shares during the last quarter. Strs Ohio raised its holdings in shares of Iron Mountain by 60.8% in the fourth quarter. Strs Ohio now owns 414,128 shares of the financial services provider’s stock worth $34,352,000 after acquiring an additional 156,613 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in shares of Iron Mountain in the fourth quarter worth $5,291,000. Finally, Horizon Investments LLC raised its holdings in shares of Iron Mountain by 3.2% in the fourth quarter. Horizon Investments LLC now owns 4,680 shares of the financial services provider’s stock worth $388,000 after acquiring an additional 144 shares during the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Price Performance

Shares of NYSE:IRM opened at $131.76 on Wednesday. The firm has a market capitalization of $39.20 billion, a PE ratio of 144.79 and a beta of 1.20. The business has a 50-day moving average of $109.16 and a two-hundred day moving average of $98.37. Iron Mountain Incorporated has a 12 month low of $77.77 and a 12 month high of $131.83.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.43 EPS for the quarter, topping the consensus estimate of $0.50 by $0.93. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the firm posted $1.17 earnings per share. The firm’s revenue was up 21.5% on a year-over-year basis. 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 5.26 earnings per share for the current year.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Monday, June 15th will be given a $0.864 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.46 annualized dividend and a dividend yield of 2.6%. Iron Mountain’s dividend payout ratio is presently 380.22%.

Insider Buying and Selling at Iron Mountain

In other news, EVP Mithu Bhargava sold 59,725 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $104.62, for a total value of $6,248,429.50. Following the completion of the sale, the executive vice president owned 16,054 shares of the company’s stock, valued at $1,679,569.48. This represents a 78.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark Kidd sold 6,000 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $102.71, for a total value of $616,260.00. Following the completion of the sale, the executive vice president owned 125,507 shares of the company’s stock, valued at approximately $12,890,823.97. This trade represents a 4.56% 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 451,648 shares of company stock worth $48,297,449 over the last three months. 1.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IRM. Zacks Research cut Iron Mountain from a “hold” rating to a “strong sell” rating in a report on Monday, April 13th. Barclays boosted their price objective on shares of Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Wells Fargo & Company boosted their price objective 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. Truist Financial set a $140.00 price objective on shares of Iron Mountain in a research report on Friday. Finally, JPMorgan Chase & Co. upped their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

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.