Diversify Wealth Management LLC Boosts Stock Holdings in Iron Mountain Incorporated $IRM

Diversify Wealth Management LLC lifted its position in Iron Mountain Incorporated (NYSE:IRM) by 219.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,615 shares of the financial services provider’s stock after acquiring an additional 5,915 shares during the quarter. Diversify Wealth Management LLC’s holdings in Iron Mountain were worth $880,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in IRM. BDFS Capital LLC bought a new position in shares of Iron Mountain during the 4th quarter worth approximately $340,000. Allstate Corp grew its holdings in shares of Iron Mountain by 105.1% in the fourth quarter. Allstate Corp now owns 22,427 shares of the financial services provider’s stock valued at $1,860,000 after acquiring an additional 11,492 shares in the last quarter. Pensionfund Sabic bought a new position in shares of Iron Mountain in the fourth quarter valued at approximately $1,559,000. Stevens Capital Management LP purchased a new stake in shares of Iron Mountain during the fourth quarter valued at approximately $1,262,000. Finally, Intact Investment Management Inc. increased its position in shares of Iron Mountain by 103.4% during the fourth quarter. Intact Investment Management Inc. now owns 71,600 shares of the financial services provider’s stock valued at $5,939,000 after acquiring an additional 36,400 shares during the last quarter. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Iron Mountain Trading Down 1.5%

Shares of IRM opened at $121.66 on Friday. The company has a market cap of $36.20 billion, a PE ratio of 133.69 and a beta of 1.19. The stock has a 50-day moving average price of $125.56 and a 200-day moving average price of $110.88. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.68.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings results 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 firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The company’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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 predict that Iron Mountain Incorporated will post 5.4 earnings per share for the current year.

Iron Mountain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were given a dividend of $0.864 per share. The ex-dividend date was Monday, June 15th. This represents a $3.46 annualized dividend and a dividend yield of 2.8%. Iron Mountain’s payout ratio is currently 380.22%.

Insider Buying and Selling

In other news, Director Walter C. Rakowich sold 757 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total value of $94,208.65. Following the sale, the director directly owned 1,135 shares of the company’s stock, valued at $141,250.75. This represents a 40.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $122.83, for a total value of $4,725,761.42. Following the completion of the sale, the chief executive officer owned 38,474 shares in the company, valued at $4,725,761.42. The trade was a 50.00% 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 sold 137,260 shares of company stock valued at $17,361,672 over the last quarter. 1.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

IRM has been the topic of several research analyst reports. Truist Financial set a $140.00 price objective on Iron Mountain in a research report on Friday, May 1st. JPMorgan Chase & Co. raised 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. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Wells Fargo & Company boosted their price target 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. Finally, Weiss Ratings lowered shares of Iron Mountain from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $134.33.

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.