Swiss National Bank Has $88.60 Million Stock Position in Iron Mountain Incorporated $IRM

Swiss National Bank raised its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 7.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 867,461 shares of the financial services provider’s stock after purchasing an additional 58,200 shares during the period. Swiss National Bank’s holdings in Iron Mountain were worth $88,602,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Garton & Associates Financial Advisors LLC bought a new position in shares of Iron Mountain during the fourth quarter worth about $25,000. Johnson Financial Group Inc. bought a new stake in Iron Mountain in the third quarter valued at approximately $32,000. Beaird Harris Wealth Management LLC increased its position in Iron Mountain by 17,500.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 350 shares during the period. Bayban acquired a new stake in Iron Mountain during the 4th quarter valued at approximately $33,000. Finally, DV Equities LLC bought a new position in Iron Mountain during the 4th quarter worth approximately $34,000. 80.13% of the stock is owned by institutional investors and hedge funds.

Iron Mountain Price Performance

IRM opened at $124.23 on Tuesday. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.68. The firm’s fifty day moving average price is $125.35 and its two-hundred day moving average price is $111.45. The company has a market capitalization of $36.96 billion, a price-to-earnings ratio of 136.52 and a beta of 1.19.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.10. The business had revenue of $1.94 billion for 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%.Iron Mountain’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period last 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, equities analysts anticipate that Iron Mountain Incorporated will post 5.4 EPS for the current year.

Iron Mountain Announces Dividend

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

Insider Activity

In related news, CAO Daniel Borges sold 7,189 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $125.50, for a total transaction of $902,219.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the stock in a transaction 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 sale, the chief executive officer owned 38,474 shares in the company, valued at approximately $4,725,761.42. This represents 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. Over the last three months, insiders have sold 137,260 shares of company stock valued at $17,361,672. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on IRM. Truist Financial set a $140.00 target price on shares of Iron Mountain in a research note on Friday, May 1st. Weiss Ratings cut shares of Iron Mountain from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Barclays lifted their price objective on Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen upgraded Iron Mountain from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Iron Mountain currently has an average rating of “Moderate Buy” and a consensus price target 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.