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

Iron Mountain Incorporated (NYSE:IRM) CEO William Meaney sold 38,474 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $114.08, for a total transaction of $4,389,113.92. Following the sale, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at approximately $4,389,113.92. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Iron Mountain Price Performance

IRM stock traded down $2.26 during midday trading on Wednesday, reaching $111.96. 2,651,386 shares of the company’s stock traded hands, compared to its average volume of 1,763,109. Iron Mountain Incorporated has a fifty-two week low of $77.77 and a fifty-two week high of $134.68. The business has a 50-day moving average price of $123.17 and a two-hundred day moving average price of $118.49. The company has a market capitalization of $33.33 billion, a P/E ratio of 79.97 and a beta of 1.18.

Iron Mountain (NYSE:IRM) last issued its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter last year, the firm posted $1.24 EPS. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. 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 forecast that Iron Mountain Incorporated will post 5.42 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be given a $0.864 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 annualized dividend and a dividend yield of 3.1%. Iron Mountain’s dividend payout ratio is presently 246.43%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Truist Financial boosted their price target on Iron Mountain from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Barclays lifted their price objective 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. Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Wall Street Zen downgraded shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Wells Fargo & Company boosted their price objective on shares of Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Five 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 a consensus rating of “Moderate Buy” and a consensus price target of $137.67.

Institutional Investors Weigh In On Iron Mountain

Several hedge funds and other institutional investors have recently bought and sold shares of IRM. Garton & Associates Financial Advisors LLC purchased a new position in shares of Iron Mountain during the 4th quarter valued at approximately $25,000. Bell Investment Advisors Inc bought a new stake in shares of Iron Mountain in the second quarter worth $26,000. Meeder Asset Management Inc. acquired a new stake in Iron Mountain in the second quarter valued at $27,000. Beaird Harris Wealth Management LLC raised its holdings in Iron Mountain by 17,500.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 350 shares in the last quarter. Finally, Dynamic Wealth Strategies LLC bought a new position in Iron Mountain during the 1st quarter valued at $31,000. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

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.