Iron Mountain Incorporated $IRM Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lowered its stake in Iron Mountain Incorporated (NYSE:IRM) by 43.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,037 shares of the financial services provider’s stock after selling 6,160 shares during the period. Securian Asset Management Inc.’s holdings in Iron Mountain were worth $667,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Quent Capital LLC acquired a new position in shares of Iron Mountain in the 3rd quarter valued at $27,000. Johnson Financial Group Inc. purchased a new stake in Iron Mountain during the 3rd quarter valued at about $32,000. Wealth Watch Advisors INC purchased a new stake in Iron Mountain during the 3rd quarter valued at about $44,000. Franchise GP Ltd acquired a new position in shares of Iron Mountain in the fourth quarter valued at about $38,000. Finally, Washington Trust Advisors Inc. purchased a new position in shares of Iron Mountain in the third quarter worth about $54,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IRM has been the subject of a number of research reports. Loop Capital set a $130.00 target price on Iron Mountain in a report on Wednesday, March 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Wells Fargo & Company upped their price objective on shares of Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. increased their price objective 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. Finally, Barclays raised their target price on shares of Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

Insider Activity

In other Iron Mountain news, CEO William L. Meaney sold 137,133 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $109.39, for a total value of $15,000,978.87. Following the completion of the transaction, the chief executive officer owned 295,975 shares in the company, valued at approximately $32,376,705.25. This represents a 31.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mithu Bhargava sold 59,725 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $104.62, for a total transaction of $6,248,429.50. Following the sale, the executive vice president directly owned 16,054 shares in the company, valued at approximately $1,679,569.48. The trade was a 78.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 498,014 shares of company stock worth $54,269,373 over the last three months. Corporate insiders own 1.70% of the company’s stock.

Iron Mountain Trading Up 1.2%

Shares of IRM stock opened at $127.60 on Friday. The stock has a 50 day moving average of $111.67 and a 200 day moving average of $99.52. The stock has a market cap of $37.96 billion, a P/E ratio of 140.22 and a beta of 1.20. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.09.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.50 by $0.10. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.86 billion. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. On average, research analysts predict that Iron Mountain Incorporated will post 5.4 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Monday, June 15th will be given a dividend of $0.864 per share. This represents a $3.46 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, June 15th. Iron Mountain’s dividend payout ratio (DPR) is currently 380.22%.

Iron Mountain 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.