Bank of New York Mellon Corp Has $139.85 Million Position in Iron Mountain Incorporated $IRM

Bank of New York Mellon Corp increased its stake in Iron Mountain Incorporated (NYSE:IRM) by 1.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,685,978 shares of the financial services provider’s stock after purchasing an additional 19,418 shares during the quarter. Bank of New York Mellon Corp’s holdings in Iron Mountain were worth $139,852,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IRM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Iron Mountain by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider’s stock worth $2,573,000 after purchasing an additional 1,286 shares during the last quarter. Empowered Funds LLC increased its position in Iron Mountain by 10.3% in the 1st quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock worth $493,000 after buying an additional 537 shares during the period. Woodline Partners LP increased its position in Iron Mountain by 41.0% in the 1st quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider’s stock worth $2,129,000 after buying an additional 7,193 shares during the period. EverSource Wealth Advisors LLC increased its position in Iron Mountain by 29.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the financial services provider’s stock worth $136,000 after buying an additional 300 shares during the period. Finally, Cerity Partners LLC increased its position in Iron Mountain by 3.6% in the 2nd quarter. Cerity Partners LLC now owns 35,292 shares of the financial services provider’s stock worth $3,620,000 after buying an additional 1,222 shares during the period. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IRM has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Barclays lifted their price target on Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Wells Fargo & Company boosted their price objective on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Finally, Truist Financial set a $140.00 price objective on Iron Mountain in a research report on Friday, May 1st. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Iron Mountain has an average rating of “Moderate Buy” and a consensus price target of $131.67.

Iron Mountain Price Performance

Shares of IRM stock opened at $124.82 on Friday. The stock’s fifty day simple moving average is $118.50 and its 200 day simple moving average is $102.42. The firm has a market cap of $37.14 billion, a price-to-earnings ratio of 137.16 and a beta of 1.19. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.09.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.50 by $0.10. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.86 billion. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.Iron Mountain’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.17 EPS. 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, research analysts anticipate that Iron Mountain Incorporated will post 5.4 earnings per share for the current year.

Iron Mountain Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Investors 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 annualized dividend and a yield of 2.8%. Iron Mountain’s payout ratio is currently 380.22%.

Insiders Place Their Bets

In related news, CAO Daniel Borges sold 7,189 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $125.50, for a total value of $902,219.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Pamela M. Arway sold 1,892 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $128.97, for a total value of $244,011.24. Following the sale, the director owned 40,196 shares in the company, valued at approximately $5,184,078.12. This trade represents a 4.50% 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 202,985 shares of company stock worth $23,452,265 over the last quarter. Corporate insiders own 1.70% of the company’s stock.

Iron Mountain Profile

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.