Atlas Capital Advisors Inc. Acquires Shares of 4,742 Iron Mountain Incorporated $IRM

Atlas Capital Advisors Inc. purchased a new position in shares of Iron Mountain Incorporated (NYSE:IRM) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,742 shares of the financial services provider’s stock, valued at approximately $393,000.

Several other institutional investors and hedge funds also recently made changes to their positions in IRM. NewSquare Capital LLC lifted its holdings in Iron Mountain by 4,867.6% during the 3rd quarter. NewSquare Capital LLC now owns 11,823 shares of the financial services provider’s stock worth $1,205,000 after purchasing an additional 11,585 shares in the last quarter. Fieldview Capital Management LLC purchased a new stake in Iron Mountain during the 3rd quarter worth about $3,092,000. Centersquare Investment Management LLC lifted its holdings in Iron Mountain by 23.8% during the 3rd quarter. Centersquare Investment Management LLC now owns 2,514,464 shares of the financial services provider’s stock worth $256,324,000 after purchasing an additional 483,548 shares in the last quarter. Citigroup Inc. lifted its holdings in Iron Mountain by 105.3% during the 3rd quarter. Citigroup Inc. now owns 419,723 shares of the financial services provider’s stock worth $42,787,000 after purchasing an additional 215,308 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Iron Mountain by 4.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,056,448 shares of the financial services provider’s stock worth $209,634,000 after purchasing an additional 83,450 shares in the last quarter. Institutional investors own 80.13% of the company’s stock.

Iron Mountain Trading Down 0.8%

Shares of NYSE:IRM opened at $126.22 on Tuesday. The stock has a fifty day simple moving average of $121.49 and a two-hundred day simple moving average of $104.19. The stock has a market capitalization of $37.55 billion, a price-to-earnings ratio of 138.70 and a beta of 1.19. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.09.

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. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 earnings per share. 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, equities research analysts predict that Iron Mountain Incorporated will post 5.4 EPS for the current year.

Iron Mountain Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.864 per share. The ex-dividend date is Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.7%. Iron Mountain’s payout ratio is presently 380.22%.

Insider Transactions at Iron Mountain

In other news, EVP Mithu Bhargava sold 59,725 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $104.62, for a total value of $6,248,429.50. Following the completion of the transaction, the executive vice president owned 16,054 shares in the company, valued at $1,679,569.48. The trade was a 78.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $127.91, for a total value of $767,460.00. Following the completion of the transaction, the executive vice president owned 119,507 shares of the company’s stock, valued at $15,286,140.37. This represents a 4.78% 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. Over the last ninety days, insiders have sold 202,985 shares of company stock valued at $23,452,265. Insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on IRM. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Loop Capital set a $130.00 price target on Iron Mountain in a report on Wednesday, March 4th. Wall Street Zen cut Iron Mountain from a “buy” rating to a “hold” rating in a report on Sunday. Truist Financial set a $140.00 price objective on Iron Mountain in a report on Friday, May 1st. Finally, Barclays raised their price objective on Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Four research 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 has an average rating of “Moderate Buy” and a consensus target price of $131.67.

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.