Saudi Central Bank Has $2.63 Million Position in Iron Mountain Incorporated $IRM

Saudi Central Bank grew its holdings in Iron Mountain Incorporated (NYSE:IRM) by 90.8% in the second quarter, Holdings Channel.com reports. The firm owned 20,823 shares of the financial services provider’s stock after purchasing an additional 9,912 shares during the period. Saudi Central Bank’s holdings in Iron Mountain were worth $2,630,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Canada Pension Plan Investment Board acquired a new position in shares of Iron Mountain in the 2nd quarter valued at about $3,709,000. RB Capital Management LLC acquired a new stake in shares of Iron Mountain during the second quarter worth approximately $5,907,000. Sanctuary Advisors LLC purchased a new position in Iron Mountain during the second quarter valued at approximately $17,300,000. Glenview Trust Co acquired a new position in Iron Mountain in the 2nd quarter valued at approximately $1,391,000. Finally, BDFS Capital LLC acquired a new position in Iron Mountain in the 4th quarter valued at approximately $340,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CEO William Meaney sold 38,474 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 38,474 shares of the company’s stock, valued at $4,681,131.58. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Greg McIntosh sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $115.60, for a total value of $578,000.00. Following the sale, the executive vice president owned 75,634 shares of the company’s stock, valued at approximately $8,743,290.40. This trade represents a 6.20% decrease in their position. The SEC filing for this sale provides additional information. 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 worth $15,803,807 over the last three months. Corporate insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Truist Financial lifted their target price on shares of Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Wells Fargo & Company increased their price objective on Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Weiss Ratings cut Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Wall Street Zen downgraded Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $137.67.

Iron Mountain Stock Down 0.0%

NYSE IRM opened at $116.81 on Tuesday. The stock has a market capitalization of $34.77 billion, a PE ratio of 83.44 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 company has a 50 day moving average price of $121.91 and a two-hundred day moving average price of $118.68.

Iron Mountain (NYSE:IRM) last announced its quarterly 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. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.97 billion. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. Iron Mountain’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.24 EPS. 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, equities analysts anticipate that Iron Mountain Incorporated will post 5.42 EPS for the current year.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.864 per share. This represents a $3.46 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Iron Mountain’s dividend payout ratio is presently 247.14%.

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.