Iron Mountain (NYSE:IRM) CEO Sells $4,249,453.30 in Stock

Iron Mountain Incorporated (NYSE:IRM) CEO William Meaney sold 38,474 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $110.45, for a total transaction of $4,249,453.30. Following the completion of the transaction, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $4,249,453.30. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Iron Mountain Stock Performance

Shares of IRM opened at $115.55 on Thursday. The firm has a market capitalization of $34.40 billion, a P/E ratio of 82.53 and a beta of 1.17. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week high of $134.68. The stock has a 50 day moving average price of $118.22 and a two-hundred day moving average price of $119.55.

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

Iron Mountain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.8640 per share. The ex-dividend date was Tuesday, September 15th. This represents a $3.46 annualized dividend and a yield of 3.0%. Iron Mountain’s dividend payout ratio (DPR) is 247.14%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on IRM. Truist Financial upped their target price on shares of Iron Mountain from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Weiss Ratings lowered shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Barclays boosted their price target 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. Wells Fargo & Company upped their price objective 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. Finally, Rothschild & Co Redburn started coverage on shares of Iron Mountain in a research note on Monday, September 21st. They issued a “buy” rating and a $132.00 price objective for the company. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $139.83.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Brown Financial Advisors boosted its stake in shares of Iron Mountain by 3.6% during the second 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 during the period. Oregon Public Employees Retirement Fund increased its stake in shares of 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 worth $3,461,000 after buying an additional 100 shares during the period. Eastern Bank raised its holdings in Iron Mountain by 14.4% during the 3rd quarter. Eastern Bank now owns 841 shares of the financial services provider’s stock valued at $93,000 after buying an additional 106 shares during the last quarter. Meeder Advisory Services Inc. boosted its position in Iron Mountain by 2.9% during 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 during the period. Finally, Essential Partners LLC boosted its position in Iron Mountain by 24.4% during the 1st quarter. Essential Partners LLC now owns 561 shares of the financial services provider’s stock valued at $57,000 after buying an additional 110 shares during the period. Institutional investors own 80.13% of the company’s stock.

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.