Gables Capital Management Inc. Acquires Shares of 19,192 Iron Mountain Incorporated $IRM

Gables Capital Management Inc. acquired a new stake in Iron Mountain Incorporated (NYSE:IRM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 19,192 shares of the financial services provider’s stock, valued at approximately $2,424,000. Iron Mountain makes up 0.9% of Gables Capital Management Inc.’s investment portfolio, making the stock its 29th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of IRM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Iron Mountain by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider’s stock worth $2,573,000 after acquiring an additional 1,286 shares in the last quarter. Empowered Funds LLC raised its holdings in Iron Mountain by 10.3% during the first quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock worth $493,000 after purchasing an additional 537 shares in the last quarter. Woodline Partners LP raised its holdings in Iron Mountain by 41.0% during the first quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider’s stock worth $2,129,000 after purchasing an additional 7,193 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Iron Mountain by 29.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the financial services provider’s stock worth $136,000 after buying an additional 300 shares during the last quarter. Finally, Cerity Partners LLC grew its position in shares of 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 and hedge funds own 80.13% of the company’s stock.

Iron Mountain Trading Down 2.3%

Shares of IRM stock opened at $126.94 on Wednesday. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.68. The firm has a 50-day moving average price of $124.70 and a 200 day moving average price of $116.62. The company has a market capitalization of $37.79 billion, a price-to-earnings ratio of 90.68 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last released its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.54 by $0.06. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the previous year, the company earned $1.24 EPS. Iron Mountain’s revenue for the quarter was up 18.5% on a year-over-year basis. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. As a group, research analysts predict that Iron Mountain Incorporated will post 5.42 earnings per share for the current year.

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 15th. Iron Mountain’s dividend payout ratio is presently 247.14%.

Insider Activity at Iron Mountain

In related news, CEO William L. Meaney sold 38,474 shares of Iron Mountain stock in a transaction on Friday, August 7th. The stock was sold at an average price of $121.67, for a total value of $4,681,131.58. Following the transaction, the chief executive officer owned 38,474 shares in the company, valued at approximately $4,681,131.58. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Daniel Borges sold 7,189 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $125.50, for a total value of $902,219.50. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 134,611 shares of company stock worth $16,712,871. 1.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Truist Financial set a $140.00 price objective on Iron Mountain in a report on Friday, May 1st. JPMorgan Chase & Co. increased their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Wells Fargo & Company raised their price objective on shares of Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen lowered Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.17.

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.