Empowered Funds LLC Invests $1.87 Million in Iron Mountain Incorporated $IRM

Empowered Funds LLC purchased a new stake in shares of Iron Mountain Incorporated (NYSE:IRM) in the 2nd quarter, Holdings Channel reports. The fund purchased 14,840 shares of the financial services provider’s stock, valued at approximately $1,874,000.

A number of other large investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Iron Mountain during the 2nd quarter worth $4,240,342,000. Cohen & Steers Inc. raised its position in Iron Mountain by 20.0% during the 4th quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock valued at $1,568,110,000 after purchasing an additional 3,155,034 shares in the last quarter. State Street Corp lifted its holdings in shares of Iron Mountain by 1.9% in the 3rd quarter. State Street Corp now owns 17,131,787 shares of the financial services provider’s stock worth $1,759,494,000 after buying an additional 322,144 shares during the period. Geode Capital Management LLC grew its position in shares of Iron Mountain by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 8,292,653 shares of the financial services provider’s stock worth $685,374,000 after buying an additional 102,073 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Iron Mountain by 18.1% during the 3rd quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock worth $516,481,000 after buying an additional 776,933 shares in the last quarter. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Iron Mountain Trading Up 3.1%

IRM opened at $115.32 on Friday. The firm has a market cap of $34.33 billion, a price-to-earnings ratio of 82.37 and a beta of 1.18. Iron Mountain Incorporated has a 12 month low of $77.77 and a 12 month high of $134.68. The stock has a fifty day moving average price of $122.49 and a 200-day moving average price of $118.58.

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

Iron Mountain Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be issued a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, September 15th. Iron Mountain’s dividend payout ratio (DPR) is currently 247.14%.

Analysts Set New Price Targets

Several brokerages have recently commented on IRM. Barclays raised their price target on Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Wells Fargo & Company increased their target price 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. Wall Street Zen downgraded shares of Iron Mountain from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Truist Financial boosted their price target on shares of Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Finally, Weiss Ratings cut shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $137.67.

Insider Transactions at Iron Mountain

In other news, EVP Greg McIntosh sold 5,000 shares of Iron Mountain stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $115.60, for a total value of $578,000.00. Following the transaction, the executive vice president owned 75,634 shares of the company’s stock, valued at $8,743,290.40. The trade was a 6.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 101,507 shares of the company’s stock, valued at approximately $12,454,908.90. This trade represents a 5.58% 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 have sold a total of 132,422 shares of company stock valued at $15,803,807 in the last 90 days. Insiders own 1.70% of the company’s stock.

More Iron Mountain News

Here are the key news stories impacting Iron Mountain this week:

• Positive Sentiment: Iron Mountain announced a partnership with Saudi Arabia’s Social Development Bank to modernize document-intensive financing processes. The bank will use Iron Mountain InSight DXP’s AI-powered intelligent document processing, giving IRM a potential foothold for broader digital-services growth in the Middle East. Iron Mountain Middle East partnership
• Positive Sentiment: The Saudi agreement reinforces Iron Mountain’s transition beyond traditional records storage toward AI, digitization and information-management services. Investors may view the partnership as a catalyst for recurring technology revenue and expanded regional customer relationships. Iron Mountain AI digital partnership
• Positive Sentiment: Recent quarterly results showed revenue rising 18.5% year over year to $2.03 billion, while adjusted earnings per share of $0.60 exceeded the $0.54 consensus estimate. Management also raised full-year 2026 guidance, highlighting momentum in digital and data-center-related businesses. Iron Mountain earnings growth
• Neutral Sentiment: Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and an average price target of $137.67. However, most target changes followed the August earnings report and do not represent a new catalyst.
• Negative Sentiment: CEO William Meaney sold 38,474 shares, while EVPs Mark Kidd and Greg McIntosh sold 6,000 and 5,000 shares, respectively. The transactions were executed under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary bearish signals, but the concentration of insider selling could pressure investor confidence. Iron Mountain insider selling
• Negative Sentiment: Iron Mountain trades at a high earnings multiple, while its reported dividend payout ratio above 247% could raise questions about earnings-based coverage despite the approximately 3.1% yield.

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.