Iron Mountain Incorporated $IRM Stock Holdings Cut by Burney Co.

Burney Co. cut its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 35.5% during the 1st quarter, Holdings Channel reports. The firm owned 30,068 shares of the financial services provider’s stock after selling 16,579 shares during the period. Burney Co.’s holdings in Iron Mountain were worth $3,071,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of IRM. Cohen & Steers Inc. boosted its stake in Iron Mountain by 20.0% during the fourth quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock valued at $1,568,110,000 after buying an additional 3,155,034 shares in the last quarter. State Street Corp raised its position in Iron Mountain by 1.9% in the third quarter. State Street Corp now owns 17,131,787 shares of the financial services provider’s stock worth $1,759,494,000 after acquiring an additional 322,144 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Iron Mountain by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 8,292,653 shares of the financial services provider’s stock valued at $685,374,000 after acquiring an additional 102,073 shares during the last quarter. Invesco Ltd. lifted its holdings in Iron Mountain by 18.1% in the 3rd quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock valued at $516,481,000 after acquiring an additional 776,933 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Iron Mountain during the 4th quarter valued at about $368,890,000. Institutional investors own 80.13% of the company’s stock.

Insider Transactions at Iron Mountain

In other news, Director Walter C. Rakowich sold 757 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total transaction of $94,208.65. Following the completion of the transaction, the director owned 1,135 shares of the company’s stock, valued at approximately $141,250.75. This represents a 40.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $126.70, for a total transaction of $760,200.00. Following the completion of 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 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 quarter, insiders sold 137,260 shares of company stock worth $17,361,672. 1.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on IRM shares. Truist Financial set a $140.00 target price on shares of Iron Mountain in a research note on Friday, May 1st. Wall Street Zen raised shares of Iron Mountain from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Weiss Ratings raised Iron Mountain from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Finally, Barclays upped their price target on shares of Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Iron Mountain currently has an average rating of “Moderate Buy” and a consensus target price of $134.33.

Iron Mountain Stock Up 0.1%

Shares of NYSE:IRM opened at $116.55 on Wednesday. The company has a market cap of $34.68 billion, a price-to-earnings ratio of 128.08 and a beta of 1.19. The business has a 50 day moving average price of $125.75 and a 200 day moving average price of $108.89. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.68.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings results 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. 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 for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the business posted $1.17 EPS. The company’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. Analysts anticipate that Iron Mountain Incorporated will post 5.4 EPS for the current year.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were issued a $0.864 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a yield of 3.0%. Iron Mountain’s dividend payout ratio is 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.