Insider Selling: Iron Mountain (NYSE:IRM) EVP Sells $553,600.00 in Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Greg Mcintosh sold 5,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $110.72, for a total transaction of $553,600.00. Following the completion of the transaction, the executive vice president owned 70,634 shares in the company, valued at $7,820,596.48. This represents a 6.61% 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 this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Iron Mountain Trading Down 0.9%

NYSE:IRM traded down $1.03 during midday trading on Monday, hitting $112.36. 1,581,630 shares of the company were exchanged, compared to its average volume of 1,745,151. Iron Mountain Incorporated has a fifty-two week low of $77.77 and a fifty-two week high of $134.68. The company has a market capitalization of $33.45 billion, a PE ratio of 80.26 and a beta of 1.17. The company has a fifty day simple moving average of $118.80 and a 200 day simple moving average of $119.37.

Iron Mountain (NYSE:IRM) last posted its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS 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 business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The business’s revenue 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, equities 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 was paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th were paid a $0.8640 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a yield of 3.1%. Iron Mountain’s payout ratio is currently 247.14%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IRM. Bell Investment Advisors Inc acquired a new stake in Iron Mountain in the second quarter valued at about $26,000. Meeder Asset Management Inc. purchased a new position in shares of Iron Mountain during the 2nd quarter worth approximately $27,000. Wellington Altus USA Inc. acquired a new stake in shares of Iron Mountain in the 2nd quarter valued at approximately $27,000. Markowski Investments acquired a new stake in shares of Iron Mountain in the 2nd quarter valued at approximately $34,000. Finally, IMG Wealth Management Inc. purchased a new stake in shares of Iron Mountain in the second quarter valued at approximately $34,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on IRM shares. Rothschild & Co Redburn began coverage on shares of Iron Mountain in a research report on Monday, September 21st. They set a “buy” rating and a $132.00 target price on the stock. Wall Street Zen cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Barclays lifted their price objective on shares of Iron Mountain from $143.00 to $144.00 and gave the company an “overweight” rating in a research note on Tuesday, September 8th. Wells Fargo & Company upped their target price on shares of Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Finally, Weiss Ratings downgraded shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $139.83.

Iron Mountain Company Profile

Iron Mountain Incorporated (NYSE: IRM) is a global information management and data center services company. It helps organizations protect, manage and access physical and digital information, including business records, documents, backup media and other critical assets.

The company provides records storage and retrieval, secure shredding and destruction, information governance, digitization, document management and data migration services. Iron Mountain also operates data centers and offers colocation, hybrid cloud and related infrastructure services.