Iron Mountain (NYSE:IRM) Reaches New 12-Month High – What’s Next?

Iron Mountain Incorporated (NYSE:IRM) shares reached a new 52-week high on Thursday . The company traded as high as $134.09 and last traded at $132.0710, with a volume of 1669783 shares changing hands. The stock had previously closed at $131.70.

Analysts Set New Price Targets

A number of research firms recently weighed in on IRM. Wells Fargo & Company increased their price target on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a research note on Tuesday, April 21st. Zacks Research cut Iron Mountain from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. JPMorgan Chase & Co. increased their price objective on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Truist Financial set a $140.00 price objective on Iron Mountain in a research report on Friday, May 1st. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

Iron Mountain Trading Up 0.3%

The stock has a market cap of $39.29 billion, a P/E ratio of 145.13 and a beta of 1.20. The firm has a 50-day simple moving average of $109.58 and a two-hundred day simple moving average of $98.56.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.93. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The company’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.17 EPS. 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. Sell-side analysts predict that Iron Mountain Incorporated will post 5.35 earnings per share for the current year.

Iron Mountain Dividend Announcement

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

Insider Buying and Selling

In other news, EVP Mark Kidd sold 6,000 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $102.71, for a total transaction of $616,260.00. Following the sale, the executive vice president directly owned 125,507 shares of the company’s stock, valued at approximately $12,890,823.97. This represents a 4.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $102.71, for a total value of $3,951,664.54. Following the sale, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $3,951,664.54. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 451,648 shares of company stock valued at $48,297,449. Company insiders own 1.70% of the company’s stock.

Institutional Trading of Iron Mountain

Several large investors have recently modified their holdings of IRM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Iron Mountain by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider’s stock worth $2,573,000 after purchasing an additional 1,286 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Iron Mountain by 10.3% during the 1st quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock worth $493,000 after purchasing an additional 537 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Iron Mountain by 41.0% during the 1st quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider’s stock worth $2,129,000 after purchasing an additional 7,193 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Iron Mountain by 29.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 300 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Iron Mountain by 3.6% during the 2nd quarter. Cerity Partners LLC now owns 35,292 shares of the financial services provider’s stock worth $3,620,000 after purchasing an additional 1,222 shares in the last quarter. 80.13% of the stock is owned by institutional investors and hedge funds.

About Iron Mountain

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.