Mitsubishi UFJ Asset Management Co. Ltd. Takes $124.11 Million Position in Iron Mountain Incorporated $IRM

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Iron Mountain Incorporated (NYSE:IRM) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 982,596 shares of the financial services provider’s stock, valued at approximately $124,112,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund grew its stake in Iron Mountain by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 33,889 shares of the financial services provider’s stock valued at $3,461,000 after purchasing an additional 100 shares during the last quarter. Rothschild Investment LLC lifted its position in shares of Iron Mountain by 15.4% during the fourth quarter. Rothschild Investment LLC now owns 780 shares of the financial services provider’s stock valued at $65,000 after buying an additional 104 shares during the last quarter. Meeder Advisory Services Inc. boosted its holdings in shares of Iron Mountain by 2.9% in the 1st quarter. Meeder Advisory Services Inc. now owns 3,741 shares of the financial services provider’s stock valued at $382,000 after buying an additional 107 shares in the last quarter. Corrado Advisors LLC grew its position in shares of Iron Mountain by 0.6% in the 4th quarter. Corrado Advisors LLC now owns 19,856 shares of the financial services provider’s stock worth $1,647,000 after buying an additional 110 shares during the last quarter. Finally, Essential Partners LLC grew its position in shares of Iron Mountain by 24.4% in the 1st quarter. Essential Partners LLC now owns 561 shares of the financial services provider’s stock worth $57,000 after buying an additional 110 shares during the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IRM. JPMorgan Chase & Co. increased their target price on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Wall Street Zen downgraded Iron Mountain from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Truist Financial set a $140.00 price objective on Iron Mountain in a report on Friday, May 1st. Finally, Barclays boosted their target price on Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.17.

Insider Activity at Iron Mountain

In related news, CAO Daniel Borges sold 7,189 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $125.50, for a total value of $902,219.50. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $122.70, for a total value of $736,200.00. Following the completion of the transaction, the executive vice president owned 101,507 shares of the company’s stock, valued at $12,454,908.90. This trade represents a 5.58% 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. Insiders have sold a total of 134,611 shares of company stock valued at $16,712,871 in the last ninety days. Company insiders own 1.70% of the company’s stock.

Iron Mountain Stock Down 2.3%

Shares of Iron Mountain stock opened at $126.94 on Wednesday. The company has a 50 day moving average price of $124.70 and a 200 day moving average price of $116.62. The firm has a market capitalization of $37.79 billion, a P/E ratio of 90.68 and a beta of 1.20. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week high of $134.68.

Iron Mountain (NYSE:IRM) last released its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.06. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the firm earned $1.24 EPS. Iron Mountain’s revenue was up 18.5% compared to the same quarter last year. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. As a group, research analysts anticipate that Iron Mountain Incorporated will post 5.42 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.864 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.7%. Iron Mountain’s payout ratio is 247.14%.

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.