Reaves W H & Co. Inc. Purchases New Position in Iron Mountain Incorporated $IRM

Reaves W H & Co. Inc. purchased a new stake in shares of Iron Mountain Incorporated (NYSE:IRM) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 53,900 shares of the financial services provider’s stock, valued at approximately $4,471,000.

A number of other institutional investors also recently modified their holdings of IRM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 valued at $2,573,000 after buying an additional 1,286 shares in the last quarter. Empowered Funds LLC lifted its stake 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 valued at $493,000 after buying an additional 537 shares in the last quarter. Woodline Partners LP lifted its stake 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 valued at $2,129,000 after buying an additional 7,193 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake 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 valued at $136,000 after buying an additional 300 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake 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 valued at $3,620,000 after buying an additional 1,222 shares in the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays upped 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. Wells Fargo & Company upped their target price on shares of Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. upped their target price on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Truist Financial set a $140.00 target price on shares of Iron Mountain in a report on Friday, May 1st. Finally, Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Iron Mountain presently has a consensus rating of “Moderate Buy” and an average price target of $131.67.

Insider Transactions at Iron Mountain

In other news, CAO Daniel Borges sold 7,189 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $125.50, for a total value of $902,219.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $127.91, for a total transaction of $767,460.00. Following the completion of the transaction, the executive vice president directly owned 119,507 shares in the company, valued at $15,286,140.37. The trade was a 4.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 355,827 shares of company stock worth $38,859,043. Company insiders own 1.70% of the company’s stock.

Iron Mountain Trading Down 0.1%

Iron Mountain stock opened at $128.15 on Monday. The firm’s 50 day simple moving average is $115.91 and its 200 day simple moving average is $101.34. The firm has a market capitalization of $38.13 billion, a PE ratio of 140.83 and a beta of 1.19. Iron Mountain Incorporated has a 1-year low of $77.77 and a 1-year high of $134.09.

Iron Mountain (NYSE:IRM) last posted its earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 3.76% and a negative return on equity of 91.56%. Iron Mountain’s revenue was up 21.5% on a year-over-year basis. 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. Research analysts forecast that Iron Mountain Incorporated will post 5.4 earnings per share for the current year.

Iron Mountain Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Monday, June 15th will be issued a $0.864 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.7%. Iron Mountain’s dividend payout ratio is presently 380.22%.

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.