Investors Purchase High Volume of Put Options on Iron Mountain (NYSE:IRM)

Iron Mountain Incorporated (NYSE:IRM) was the recipient of unusually large options trading on Thursday. Stock traders bought 2,667 put options on the company. This represents an increase of approximately 22% compared to the typical daily volume of 2,191 put options.

Insider Activity at Iron Mountain

In related news, EVP Greg McIntosh sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $115.60, for a total transaction of $578,000.00. Following the transaction, the executive vice president owned 75,634 shares of the company’s stock, valued at approximately $8,743,290.40. This trade represents a 6.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Friday, August 7th. The shares were sold at an average price of $122.70, for a total transaction of $736,200.00. Following the completion of the sale, 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 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. Over the last quarter, insiders have sold 93,948 shares of company stock valued at $11,078,046. 1.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brown Financial Advisors lifted its holdings in shares of Iron Mountain by 3.6% during the 2nd quarter. Brown Financial Advisors now owns 2,580 shares of the financial services provider’s stock valued at $326,000 after purchasing an additional 90 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Iron Mountain by 0.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 33,889 shares of the financial services provider’s stock worth $3,461,000 after acquiring an additional 100 shares in the last quarter. Rothschild Investment LLC boosted its stake in Iron Mountain by 15.4% in the 4th quarter. Rothschild Investment LLC now owns 780 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 104 shares during the period. Meeder Advisory Services Inc. raised its stake 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 purchasing an additional 107 shares during the period. Finally, Essential Partners LLC grew its holdings in shares of Iron Mountain by 24.4% during the first quarter. Essential Partners LLC now owns 561 shares of the financial services provider’s stock worth $57,000 after buying an additional 110 shares in the last quarter. Institutional investors own 80.13% of the company’s stock.

Iron Mountain Price Performance

Shares of Iron Mountain stock opened at $111.19 on Friday. The company has a market cap of $33.10 billion, a PE ratio of 79.42 and a beta of 1.17. The firm has a fifty day moving average price of $119.10 and a two-hundred day moving average price of $119.33. Iron Mountain has a fifty-two week low of $77.77 and a fifty-two week high of $134.68.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data 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. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.97 billion. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.24 earnings per share. 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. Analysts expect that Iron Mountain will post 5.42 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be paid a $0.8640 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.1%. Iron Mountain’s dividend payout ratio is currently 247.14%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wells Fargo & Company increased their target price on shares of Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Truist Financial upped their target price on Iron Mountain from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Rothschild & Co Redburn assumed coverage on shares of Iron Mountain in a research report on Monday, September 21st. They issued a “buy” rating and a $132.00 price target on the stock. Barclays lifted their target price on shares of Iron Mountain from $143.00 to $144.00 and gave the stock an “overweight” rating in a report on Tuesday, September 8th. Finally, Weiss Ratings lowered Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $139.83.

Iron Mountain Company Profile

Iron Mountain Incorporated (NYSE: IRM) is a global information management and data center services company. It helps organizations protect, manage and access physical and digital information, including business records, documents, backup media and other critical assets.

The company provides records storage and retrieval, secure shredding and destruction, information governance, digitization, document management and data migration services. Iron Mountain also operates data centers and offers colocation, hybrid cloud and related infrastructure services.