Iron Mountain (NYSE:IRM) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Iron Mountain (NYSE:IRM) from a strong sell rating to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

A number of other brokerages have also recently issued reports on IRM. Truist Financial set a $140.00 target price on Iron Mountain in a research report on Friday, May 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Loop Capital set a $130.00 target price on Iron Mountain in a research report on Wednesday, March 4th. Wells Fargo & Company upped their target price on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. upped their target price on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

Iron Mountain Stock Performance

NYSE:IRM opened at $126.09 on Tuesday. The stock has a 50-day simple moving average of $111.27 and a 200-day simple moving average of $99.37. The stock has a market cap of $37.51 billion, a P/E ratio of 138.56 and a beta of 1.20. Iron Mountain has a 1 year low of $77.77 and a 1 year high of $134.09.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.10. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.17 EPS. 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 research analysts predict that Iron Mountain will post 5.4 EPS for the current year.

Iron Mountain Announces Dividend

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

Insider Buying and Selling at Iron Mountain

In other news, Director Jennifer Allerton sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was 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 represents a 37.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Pamela M. Arway sold 1,892 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $128.97, for a total value of $244,011.24. Following the sale, the director owned 40,196 shares of the company’s stock, valued at $5,184,078.12. This trade represents a 4.50% decrease in their position. 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 three months, insiders have sold 498,014 shares of company stock valued at $54,269,373. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Iron Mountain

A number of large investors have recently modified their holdings of IRM. Lido Advisors LLC increased its stake in Iron Mountain by 23.9% in the 1st quarter. Lido Advisors LLC now owns 20,708 shares of the financial services provider’s stock valued at $2,131,000 after purchasing an additional 3,993 shares in the last quarter. Walleye Capital LLC purchased a new position in Iron Mountain in the 1st quarter valued at approximately $12,243,000. Cetera Investment Advisers increased its stake in Iron Mountain by 4.6% in the 1st quarter. Cetera Investment Advisers now owns 260,039 shares of the financial services provider’s stock valued at $26,560,000 after purchasing an additional 11,442 shares in the last quarter. American Investment Services Inc. increased its stake in Iron Mountain by 6.5% in the 1st quarter. American Investment Services Inc. now owns 3,304 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 201 shares in the last quarter. Finally, Lavaca Capital LLC increased its stake in Iron Mountain by 25.8% in the 1st quarter. Lavaca Capital LLC now owns 1,209 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 248 shares in the last quarter. 80.13% of the stock is owned by hedge funds and other institutional investors.

About Iron Mountain

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.