Allstate Corp Purchases 11,492 Shares of Iron Mountain Incorporated $IRM

Allstate Corp raised its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 105.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,427 shares of the financial services provider’s stock after acquiring an additional 11,492 shares during the period. Allstate Corp’s holdings in Iron Mountain were worth $1,860,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Iron Mountain by 0.4% during the third quarter. Vanguard Group Inc. now owns 47,253,100 shares of the financial services provider’s stock valued at $4,816,981,000 after buying an additional 188,213 shares during the last quarter. State Street Corp raised its position in shares of Iron Mountain by 1.9% during the third quarter. State Street Corp now owns 17,131,787 shares of the financial services provider’s stock valued at $1,759,494,000 after buying an additional 322,144 shares during the last quarter. Invesco Ltd. raised its position in shares of Iron Mountain by 18.1% during the third quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock valued at $516,481,000 after buying an additional 776,933 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Iron Mountain by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 4,348,039 shares of the financial services provider’s stock valued at $443,222,000 after buying an additional 55,273 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Iron Mountain by 66.5% during the fourth quarter. Principal Financial Group Inc. now owns 4,207,596 shares of the financial services provider’s stock valued at $349,021,000 after buying an additional 1,680,438 shares during the last quarter. 80.13% of the stock is currently owned by institutional investors.

Insider Transactions at Iron Mountain

In other Iron Mountain news, Director Jennifer Allerton sold 7,000 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $108.88, for a total value of $762,160.00. Following the sale, the director directly owned 11,541 shares in the company, valued at approximately $1,256,584.08. This trade represents a 37.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William L. Meaney sold 137,133 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $109.39, for a total transaction of $15,000,978.87. Following the completion of the sale, the chief executive officer owned 295,975 shares in the company, valued at approximately $32,376,705.25. This trade represents a 31.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 505,960 shares of company stock valued at $55,265,802. 1.70% of the stock is currently owned by company insiders.

Iron Mountain Price Performance

IRM opened at $126.87 on Friday. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.09. The company’s 50 day simple moving average is $115.46 and its 200-day simple moving average is $101.16. The stock has a market capitalization of $37.75 billion, a P/E ratio of 139.42 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.10. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the firm earned $1.17 earnings per share. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. Iron Mountain has set its Q2 2026 guidance at 1.400-1.400 EPS and its FY 2026 guidance at 5.790-5.860 EPS. As a group, analysts anticipate that Iron Mountain Incorporated will post 5.4 EPS for the current year.

Iron Mountain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Monday, June 15th will be paid a $0.864 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.7%. Iron Mountain’s dividend payout ratio (DPR) is presently 380.22%.

Analysts Set New Price Targets

IRM has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Wells Fargo & Company increased their price target on shares of Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Loop Capital set a $130.00 price target on shares of Iron Mountain in a research report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

About Iron Mountain

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.