263,376 Iron Mountain Incorporated $IRM Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its holdings in Iron Mountain Incorporated (NYSE:IRM) by 32.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,080,998 shares of the financial services provider’s stock after purchasing an additional 263,376 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Iron Mountain were worth $119,951,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Iron Mountain during the 2nd quarter valued at approximately $4,240,342,000. Legal & General Group Plc bought a new position in Iron Mountain in the 2nd quarter valued at about $409,843,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Iron Mountain by 29,674.0% in the second 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 valued at $403,379,000 after acquiring an additional 3,182,834 shares in the last quarter. Deutsche Bank AG bought a new stake in Iron Mountain during the second quarter worth approximately $385,129,000. Finally, Bank of New York Mellon Corp bought a new stake in Iron Mountain during the second quarter worth approximately $202,106,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Price Performance

Iron Mountain stock opened at $106.62 on Monday. The company’s fifty day moving average price is $113.75 and its two-hundred day moving average price is $115.38. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.68. The company has a market capitalization of $31.74 billion, a price-to-earnings ratio of 69.68 and a beta of 1.18.

Iron Mountain (NYSE:IRM) last posted its earnings results on Thursday, November 5th. The financial services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. Iron Mountain had a negative return on equity of 79.98% and a net margin of 5.88%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the company earned $1.32 EPS. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Iron Mountain Incorporated will post 5.42 earnings per share for the current year.

Iron Mountain Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 6th. Stockholders of record on Tuesday, December 15th will be paid a $0.9930 dividend. The ex-dividend date is Tuesday, December 15th. This is a boost from Iron Mountain’s previous quarterly dividend of $0.8640. This represents a $3.97 dividend on an annualized basis and a dividend yield of 3.7%. Iron Mountain’s dividend payout ratio is presently 259.48%.

Key Iron Mountain News

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

• Positive Sentiment: Adjusted Q3 earnings were $1.53 per share versus the $1.47 consensus estimate. AFFO and revenue also topped estimates, with growth supported by data-center leasing, asset lifecycle management and resilient storage operations. Iron Mountain raised its 2026 outlook. Article: IRM Q3 AFFO Beats Estimates on Data Center and ALM Growth
• Positive Sentiment: The quarterly dividend increased nearly 15% to $0.993 per share, or about $3.97 annualized, offering a higher income return for shareholders. Article: Iron Mountain Increases Quarterly Dividend per Share by 15%
• Negative Sentiment: Fourth-quarter revenue guidance fell short of forecasts, creating a near-term concern despite the Q3 beat and higher full-year outlook. This softer outlook may limit the market’s reaction to the otherwise favorable results. Article: Iron Mountain shares decline as revenue guidance falls below forecasts despite Q3 earnings beat

Insiders Place Their Bets

In other news, EVP Greg W. Mcintosh sold 5,000 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $116.96, for a total transaction of $584,800.00. Following the completion of the transaction, the executive vice president owned 65,634 shares of the company’s stock, valued at approximately $7,676,552.64. This represents a 7.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $115.60, for a total value of $693,600.00. Following the completion of the sale, the executive vice president owned 95,507 shares of the company’s stock, valued at $11,040,609.20. This represents a 5.91% 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 97,948 shares of company stock valued at $11,048,567 in the last three months. Company insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on IRM shares. Rothschild & Co Redburn began coverage on Iron Mountain in a research note on Monday, September 21st. They set a “buy” rating and a $132.00 price target for the company. Weiss Ratings cut Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. The Goldman Sachs Group boosted their target price on shares of Iron Mountain from $153.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, October 6th. Jefferies Financial Group reduced their target price on Iron Mountain from $147.00 to $135.00 and set a “buy” rating for the company in a report on Monday, October 12th. Finally, Wall Street Zen lowered shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $143.89.

Iron Mountain Company Profile

Iron Mountain Incorporated is an information management and storage company that helps organizations protect, manage and access physical and digital assets. Its services include records storage and management, secure document shredding, digitization and other information-management solutions.

The company also operates data centers and provides services for businesses moving, storing and managing data. Its offerings extend to specialized storage and care for items such as artwork and other valuable collections.

Founded in 1951, Iron Mountain began as a records-storage business in a former iron ore mine in New York.