Daiichi Life Insurance Co. Ltd. Acquires New Holdings in Iron Mountain Incorporated $IRM

Daiichi Life Insurance Co. Ltd. purchased a new position in shares of Iron Mountain Incorporated (NYSE:IRM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,754 shares of the financial services provider’s stock, valued at approximately $1,611,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Commerce Bank bought a new stake in shares of Iron Mountain in the second quarter worth about $2,068,000. Northwestern Mutual Wealth Management Co. bought a new position in Iron Mountain in the second quarter valued at $8,488,000. Varma Mutual Pension Insurance Co bought a new stake in Iron Mountain during the second quarter worth about $8,581,000. Emerald Investment Advisers LLC bought a new stake in shares of Iron Mountain during the 2nd quarter worth approximately $2,341,000. Finally, Westpac Banking Corp acquired a new stake in Iron Mountain in the second quarter valued at $3,182,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insider Transactions at Iron Mountain

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $122.70, for a total transaction of $736,200.00. Following the completion of the sale, the executive vice president directly owned 101,507 shares in the company, valued at $12,454,908.90. This represents a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 business’s 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 directly owned 38,474 shares of the company’s stock, valued at $4,681,131.58. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 127,422 shares of company stock worth $15,810,652 over the last quarter. Corporate insiders own 1.70% of the company’s stock.

Iron Mountain Stock Up 0.1%

Shares of NYSE:IRM opened at $122.19 on Monday. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.68. The company’s 50 day moving average price is $124.52 and its two-hundred day moving average price is $117.27. The firm has a market cap of $36.38 billion, a PE ratio of 87.28 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.97 billion. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.24 earnings per share. 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. On average, research analysts expect that Iron Mountain Incorporated will post 5.42 EPS for the current year.

Iron Mountain Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 15th will be given a dividend of $0.864 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 annualized dividend and a yield of 2.8%. Iron Mountain’s dividend payout ratio is currently 247.14%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IRM. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Truist Financial set a $140.00 price target on Iron Mountain in a report on Friday, May 1st. Weiss Ratings raised shares of Iron Mountain from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Barclays upped their price target on shares of Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Finally, 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 research report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Iron Mountain has an average rating of “Moderate Buy” and an average price target of $135.17.

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.