Iron Mountain Incorporated $IRM Shares Sold by Foresight Capital Management Advisors Inc.

Foresight Capital Management Advisors Inc. lowered its holdings in Iron Mountain Incorporated (NYSE:IRM) by 7.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,241 shares of the financial services provider’s stock after selling 4,403 shares during the period. Iron Mountain makes up about 3.0% of Foresight Capital Management Advisors Inc.’s holdings, making the stock its 4th biggest position. Foresight Capital Management Advisors Inc.’s holdings in Iron Mountain were worth $6,129,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IRM. BlackRock Inc. purchased a new stake in shares of Iron Mountain during the second quarter worth $4,240,342,000. Principal Financial Group Inc. raised its stake in shares of Iron Mountain by 8.5% during the 1st quarter. Principal Financial Group Inc. now owns 4,566,093 shares of the financial services provider’s stock valued at $466,382,000 after purchasing an additional 358,497 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Iron Mountain by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,552,286 shares of the financial services provider’s stock valued at $464,931,000 after purchasing an additional 122,927 shares during the period. Legal & General Group Plc bought a new stake in shares of Iron Mountain during the 2nd quarter valued at $409,843,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Iron Mountain by 29,674.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,193,560 shares of the financial services provider’s stock worth $403,379,000 after purchasing an additional 3,182,834 shares in the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Weiss Ratings downgraded Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Rothschild & Co Redburn assumed coverage on Iron Mountain in a research report on Monday, September 21st. They set a “buy” rating and a $132.00 price target on the stock. Wells Fargo & Company increased their price target 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. Truist Financial raised their price objective on shares of Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Finally, Barclays boosted 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. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Iron Mountain presently has an average rating of “Moderate Buy” and a consensus price target of $139.83.

Iron Mountain Trading Up 1.9%

Shares of IRM opened at $115.25 on Wednesday. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.68. The stock has a 50-day moving average price of $115.10 and a 200-day moving average price of $114.47.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.06. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.97 billion. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the company 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. As a group, research analysts expect that Iron Mountain Incorporated will post 5.42 earnings per share for the current year.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th were paid a $0.8640 dividend. This represents a $3.46 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, September 15th.

Insider Transactions at Iron Mountain

In other news, CEO William L. Meaney sold 38,474 shares of Iron Mountain stock in a transaction on Friday, August 7th. The shares were sold at an average price of $121.67, for a total transaction of $4,681,131.58. Following the completion of the sale, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at approximately $4,681,131.58. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Greg W. Mcintosh sold 5,000 shares of Iron Mountain stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $110.72, for a total transaction of $553,600.00. Following the sale, the executive vice president directly owned 70,634 shares of the company’s stock, valued at $7,820,596.48. This represents a 6.61% decrease in their ownership of the stock. 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 137,422 shares of company stock valued at $15,881,099 in the last quarter. Insiders own 1.70% of the company’s stock.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global information management and storage company that helps organizations protect, manage and optimize their physical and digital assets. Founded in 1951, the company began as a records storage provider and has expanded into a broader information lifecycle management business.

Its services include records storage and retrieval, information governance, secure shredding and destruction, document scanning, digital transformation, backup and recovery, and data center services.