Hilton Head Capital Partners LLC Makes New Investment in Iron Mountain Incorporated $IRM

Hilton Head Capital Partners LLC bought a new position in shares of Iron Mountain Incorporated (NYSE:IRM) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 4,120 shares of the financial services provider’s stock, valued at approximately $342,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. NewSquare Capital LLC boosted its holdings in shares of Iron Mountain by 4,867.6% in the 3rd quarter. NewSquare Capital LLC now owns 11,823 shares of the financial services provider’s stock valued at $1,205,000 after buying an additional 11,585 shares in the last quarter. Fieldview Capital Management LLC bought a new stake in shares of Iron Mountain in the 3rd quarter valued at about $3,092,000. Centersquare Investment Management LLC boosted its holdings in shares of Iron Mountain by 23.8% in the 3rd quarter. Centersquare Investment Management LLC now owns 2,514,464 shares of the financial services provider’s stock valued at $256,324,000 after buying an additional 483,548 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of Iron Mountain by 105.3% in the 3rd quarter. Citigroup Inc. now owns 419,723 shares of the financial services provider’s stock valued at $42,787,000 after buying an additional 215,308 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Iron Mountain by 4.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,056,448 shares of the financial services provider’s stock valued at $209,634,000 after buying an additional 83,450 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors.

Iron Mountain Stock Up 0.1%

IRM stock opened at $124.82 on Monday. The firm has a 50 day moving average of $118.50 and a 200 day moving average of $102.51. The stock has a market capitalization of $37.14 billion, a PE ratio of 137.16 and a beta of 1.19. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week high of $134.09.

Iron Mountain (NYSE:IRM) last released its earnings results on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.10. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the business earned $1.17 EPS. Iron Mountain’s revenue for the quarter 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. On average, equities research analysts expect that Iron Mountain Incorporated will post 5.4 earnings per share for the current year.

Iron Mountain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Monday, June 15th will be paid a dividend of $0.864 per share. This represents a $3.46 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, June 15th. Iron Mountain’s payout ratio is presently 380.22%.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 38,474 shares of Iron Mountain stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $127.55, for a total transaction of $4,907,358.70. Following the completion of the sale, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $4,907,358.70. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $126.70, for a total transaction of $760,200.00. Following the sale, the executive vice president owned 113,507 shares of the company’s stock, valued at approximately $14,381,336.90. The trade was a 5.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 202,985 shares of company stock worth $23,452,265. Corporate insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

IRM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Barclays lifted their target price on shares of Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a research note on Tuesday, April 21st. Truist Financial set a $140.00 target price on shares of Iron Mountain in a research note on Friday, May 1st. Finally, Wells Fargo & Company lifted their target price on shares of Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $131.67.

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.