Mitsubishi UFJ Asset Management Co. Ltd. Raises Holdings in Iron Mountain Incorporated $IRM

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 839,566 shares of the financial services provider’s stock after purchasing an additional 37,254 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Iron Mountain were worth $69,885,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in IRM. Quent Capital LLC purchased a new stake in Iron Mountain during the 3rd quarter valued at $27,000. Johnson Financial Group Inc. purchased a new stake in Iron Mountain during the 3rd quarter valued at $32,000. Franchise GP Ltd purchased a new stake in Iron Mountain during the 4th quarter valued at $38,000. Wealth Watch Advisors INC purchased a new stake in Iron Mountain during the 3rd quarter valued at $44,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Iron Mountain during the 4th quarter valued at $45,000. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Iron Mountain Price Performance

IRM stock opened at $126.49 on Friday. The company has a market cap of $37.63 billion, a P/E ratio of 139.00 and a beta of 1.20. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.09. The stock’s fifty day moving average price is $109.85 and its 200-day moving average price is $98.71.

Iron Mountain (NYSE:IRM) last released its earnings results on Thursday, April 30th. The financial services provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.93. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.Iron Mountain’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 earnings per share. 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. As a group, analysts expect that Iron Mountain Incorporated will post 5.4 earnings per share for the current year.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Monday, June 15th will be given a dividend of $0.864 per share. The ex-dividend date is Monday, June 15th. This represents a $3.46 annualized dividend and a yield of 2.7%. Iron Mountain’s payout ratio is 380.22%.

Wall Street Analyst Weigh In

Several brokerages have commented on IRM. Wells Fargo & Company increased their target price on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a research note on Tuesday, April 21st. Truist Financial set a $140.00 price target on Iron Mountain in a research note on Friday, May 1st. Barclays raised their price target on Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Finally, Zacks Research downgraded Iron Mountain from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.67.

Insider Buying and Selling

In related news, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $102.71, for a total transaction of $616,260.00. Following the transaction, the executive vice president directly owned 125,507 shares in the company, valued at approximately $12,890,823.97. The trade was a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 Mithu Bhargava sold 59,725 shares of Iron Mountain stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $104.62, for a total value of $6,248,429.50. Following the transaction, the executive vice president owned 16,054 shares in the company, valued at $1,679,569.48. This trade represents a 78.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 451,648 shares of company stock valued at $48,297,449 over the last three months. 1.70% of the stock is currently owned by company insiders.

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.