William Meaney Sells 38,474 Shares of Iron Mountain (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRM) CEO William Meaney sold 38,474 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $127.55, for a total transaction of $4,907,358.70. Following the sale, the chief executive officer owned 38,474 shares of the company’s stock, valued at $4,907,358.70. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal 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.

Iron Mountain Trading Down 0.2%

NYSE IRM opened at $128.18 on Thursday. Iron Mountain Incorporated has a 1-year low of $77.77 and a 1-year high of $134.09. The company has a 50 day moving average of $117.42 and a 200-day moving average of $101.99. The company has a market cap of $38.14 billion, a price-to-earnings ratio of 140.86 and a beta of 1.19.

Iron Mountain (NYSE:IRM) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share 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 company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the business earned $1.17 earnings per share. The firm’s quarterly revenue 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. On average, equities research analysts forecast that Iron Mountain Incorporated will post 5.4 earnings per share for the current year.

Iron Mountain Announces Dividend

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

Institutional Trading of Iron Mountain

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Iron Mountain in the fourth quarter worth $368,890,000. Cohen & Steers Inc. grew its stake in shares of Iron Mountain by 20.0% in the fourth quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock worth $1,568,110,000 after purchasing an additional 3,155,034 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Iron Mountain by 597.9% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,161,589 shares of the financial services provider’s stock worth $322,292,000 after purchasing an additional 2,708,560 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Iron Mountain by 66.5% in the fourth quarter. Principal Financial Group Inc. now owns 4,207,596 shares of the financial services provider’s stock worth $349,021,000 after purchasing an additional 1,680,438 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Iron Mountain by 18.1% in the third quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock worth $516,481,000 after purchasing an additional 776,933 shares during the last quarter. Institutional investors own 80.13% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IRM. JPMorgan Chase & Co. lifted their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Truist Financial set a $140.00 price target on shares of Iron Mountain in a research report on Friday, May 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Finally, Loop Capital set a $130.00 price objective on shares of Iron Mountain in a research report on Wednesday, March 4th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.