CFO Capital Management LLC Buys New Position in Iron Mountain Incorporated $IRM

CFO Capital Management LLC purchased a new position in shares of Iron Mountain Incorporated (NYSE:IRM) during the 4th quarter, Holdings Channel reports. The fund purchased 5,039 shares of the financial services provider’s stock, valued at approximately $418,000.

A number of other hedge funds have also recently bought and sold shares of the stock. NewSquare Capital LLC increased its holdings in shares of 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 acquiring an additional 11,585 shares during the last quarter. Fieldview Capital Management LLC bought a new stake in shares of Iron Mountain during the 3rd quarter worth about $3,092,000. Centersquare Investment Management LLC grew its stake in Iron Mountain by 23.8% in the 3rd quarter. Centersquare Investment Management LLC now owns 2,514,464 shares of the financial services provider’s stock valued at $256,324,000 after buying an additional 483,548 shares during the last quarter. BDFS Capital LLC acquired a new position in Iron Mountain in the 4th quarter valued at about $340,000. Finally, 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 during the last quarter. 80.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Daniel Borges sold 7,189 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $125.50, for a total transaction of $902,219.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 Monday, June 1st. The shares were sold at an average price of $126.70, for a total transaction of $760,200.00. Following the completion of the transaction, the executive vice president owned 113,507 shares of the company’s stock, valued at approximately $14,381,336.90. This trade represents a 5.02% 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 sold a total of 143,260 shares of company stock worth $17,203,835 in the last quarter. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

IRM has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price objective on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Truist Financial set a $140.00 price target on shares of Iron Mountain in a research note on Friday, May 1st. Wall Street Zen cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. Finally, Barclays increased their target price on shares of Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.67.

Iron Mountain Stock Down 0.0%

IRM stock opened at $127.78 on Friday. The company’s 50-day moving average price is $123.29 and its two-hundred day moving average price is $105.21. The firm has a market cap of $38.02 billion, a P/E ratio of 140.42 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 EPS for the quarter, beating the consensus estimate 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 business 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 company’s 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. Equities analysts predict that Iron Mountain Incorporated will post 5.4 EPS for the current year.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be issued 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 dividend yield of 2.7%. Iron Mountain’s dividend payout ratio is 380.22%.

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.