Swiss Life Asset Management Ltd Raises Stock Position in Iron Mountain Incorporated $IRM

Swiss Life Asset Management Ltd grew its holdings in Iron Mountain Incorporated (NYSE:IRM) by 10.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,348 shares of the financial services provider’s stock after buying an additional 5,940 shares during the period. Swiss Life Asset Management Ltd’s holdings in Iron Mountain were worth $5,089,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Iron Mountain by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 47,253,100 shares of the financial services provider’s stock worth $4,816,981,000 after buying an additional 188,213 shares in the last quarter. State Street Corp grew its stake in shares of Iron Mountain by 1.9% in the 3rd quarter. State Street Corp now owns 17,131,787 shares of the financial services provider’s stock worth $1,759,494,000 after buying an additional 322,144 shares in the last quarter. Invesco Ltd. grew its stake in shares of Iron Mountain by 18.1% in the 3rd quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock worth $516,481,000 after buying an additional 776,933 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Iron Mountain by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,348,039 shares of the financial services provider’s stock worth $443,222,000 after acquiring an additional 55,273 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Iron Mountain by 66.5% in the 4th quarter. Principal Financial Group Inc. now owns 4,207,596 shares of the financial services provider’s stock worth $349,021,000 after acquiring an additional 1,680,438 shares during the last quarter. 80.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Iron Mountain

In related news, Director Jennifer Allerton sold 7,000 shares of Iron Mountain stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $108.88, for a total transaction of $762,160.00. Following the completion of the sale, the director owned 11,541 shares in the company, valued at $1,256,584.08. This trade represents a 37.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Pamela M. Arway sold 1,892 shares of Iron Mountain stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $128.97, for a total transaction of $244,011.24. Following the sale, the director owned 40,196 shares of the company’s stock, valued at $5,184,078.12. The trade was a 4.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 498,014 shares of company stock worth $54,269,373 over the last ninety days. 1.70% of the stock is currently owned by company insiders.

Iron Mountain Price Performance

Shares of IRM opened at $126.09 on Thursday. Iron Mountain Incorporated has a 1-year low of $77.77 and a 1-year high of $134.09. The company has a 50-day moving average of $111.27 and a 200 day moving average of $99.37. The firm has a market capitalization of $37.51 billion, a price-to-earnings ratio of 138.56 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.10. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the business posted $1.17 EPS. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. 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. On average, equities analysts anticipate that Iron Mountain Incorporated will post 5.4 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, July 3rd. Investors of record on Monday, June 15th will be issued a dividend of $0.864 per share. The ex-dividend date is Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.7%. Iron Mountain’s dividend payout ratio (DPR) is presently 380.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Loop Capital set a $130.00 target price on shares of Iron Mountain in a report on Wednesday, March 4th. Zacks Research lowered shares of Iron Mountain from a “hold” rating to a “strong sell” rating in a report on Monday, April 13th. Barclays raised their target price on shares of Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $131.67.

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.