Sanctuary Advisors LLC Takes Position in Iron Mountain Incorporated $IRM

Sanctuary Advisors LLC bought a new stake in Iron Mountain Incorporated (NYSE:IRM) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 136,968 shares of the financial services provider’s stock, valued at approximately $17,300,000.

Several other large investors also recently bought and sold shares of the business. BDFS Capital LLC bought a new position in shares of Iron Mountain in the 4th quarter valued at about $340,000. Allstate Corp increased its stake in Iron Mountain by 105.1% during the fourth quarter. Allstate Corp now owns 22,427 shares of the financial services provider’s stock worth $1,860,000 after acquiring an additional 11,492 shares during the last quarter. Intact Investment Management Inc. increased its stake in Iron Mountain by 103.4% during the fourth quarter. Intact Investment Management Inc. now owns 71,600 shares of the financial services provider’s stock worth $5,939,000 after acquiring an additional 36,400 shares during the last quarter. Stevens Capital Management LP purchased a new stake in Iron Mountain during the fourth quarter valued at approximately $1,262,000. Finally, Deutsche Bank AG purchased a new stake in Iron Mountain during the second quarter valued at approximately $385,129,000. Institutional investors own 80.13% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on IRM shares. Wells Fargo & Company lifted their target price on Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Weiss Ratings upgraded Iron Mountain from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Truist Financial set a $140.00 price target on Iron Mountain in a research report on Friday, May 1st. Wall Street Zen lowered shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Barclays boosted their price objective on shares of Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.17.

Iron Mountain Price Performance

Shares of NYSE IRM opened at $122.19 on Monday. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.68. The firm has a 50-day simple moving average of $124.52 and a two-hundred day simple moving average of $117.27. The company has a market cap of $36.38 billion, a P/E ratio of 87.28 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last released its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The company’s quarterly revenue was up 18.5% on a year-over-year basis. 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, equities research analysts expect that Iron Mountain Incorporated will post 5.42 EPS for the current year.

Iron Mountain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th will be given a $0.864 dividend. This represents a $3.46 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 15th. Iron Mountain’s dividend payout ratio is 247.14%.

Insiders Place Their Bets

In other Iron Mountain news, CEO William L. Meaney sold 38,474 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $121.67, for a total value of $4,681,131.58. Following the sale, the chief executive officer owned 38,474 shares in the company, valued at $4,681,131.58. This trade represents a 50.00% decrease in their ownership of the stock. The transaction 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 Iron Mountain 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 sale, the executive vice president owned 101,507 shares of the company’s stock, valued at approximately $12,454,908.90. This trade represents a 5.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 127,422 shares of company stock worth $15,810,652. Insiders own 1.70% of the company’s stock.

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.