Iron Mountain (NYSE:IRM) CEO William Meaney Sells 38,474 Shares

Iron Mountain Incorporated (NYSE:IRM) CEO William Meaney sold 38,474 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $122.83, for a total transaction of $4,725,761.42. Following the completion of the transaction, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at $4,725,761.42. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Iron Mountain Trading Down 3.9%

Shares of Iron Mountain stock opened at $117.13 on Friday. The company has a market capitalization of $34.85 billion, a PE ratio of 128.71 and a beta of 1.19. Iron Mountain Incorporated has a 12 month low of $77.77 and a 12 month high of $134.68. The stock’s fifty day simple moving average is $125.75 and its 200 day simple moving average is $108.13.

Iron Mountain (NYSE:IRM) last posted its earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.10. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the firm earned $1.17 earnings per share. The company’s revenue 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. Analysts predict that Iron Mountain Incorporated will post 5.4 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be given a $0.864 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.46 annualized dividend and a dividend yield of 3.0%. Iron Mountain’s payout ratio is currently 379.12%.

Institutional Investors Weigh In On Iron Mountain

Institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Iron Mountain by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider’s stock worth $2,573,000 after purchasing an additional 1,286 shares in the last quarter. Empowered Funds LLC grew its position in Iron Mountain by 10.3% in the first quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock valued at $493,000 after purchasing an additional 537 shares in the last quarter. Woodline Partners LP grew its position in Iron Mountain by 41.0% in the first quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider’s stock valued at $2,129,000 after purchasing an additional 7,193 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Iron Mountain by 29.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the financial services provider’s stock valued at $136,000 after buying an additional 300 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in Iron Mountain by 3.6% in the 2nd quarter. Cerity Partners LLC now owns 35,292 shares of the financial services provider’s stock valued at $3,620,000 after buying an additional 1,222 shares during the last quarter. Institutional investors own 80.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on IRM. 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. Weiss Ratings raised shares of Iron Mountain from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. raised their price objective 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. Barclays boosted their price objective on shares of Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Truist Financial set a $140.00 target price on shares of Iron Mountain in a research note on Friday, May 1st. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.33.

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.