Brookstone Capital Management Has $19.30 Million Stock Holdings in Iron Mountain Incorporated $IRM

Brookstone Capital Management trimmed its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 19.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,929 shares of the financial services provider’s stock after selling 47,004 shares during the quarter. Brookstone Capital Management’s holdings in Iron Mountain were worth $19,297,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Garton & Associates Financial Advisors LLC acquired a new stake in Iron Mountain during the 4th quarter worth $25,000. Beaird Harris Wealth Management LLC grew its stake in Iron Mountain by 17,500.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 350 shares during the period. Johnson Financial Group Inc. bought a new stake in shares of Iron Mountain in the third quarter worth about $32,000. Bayban acquired a new stake in shares of Iron Mountain during the fourth quarter worth about $33,000. Finally, DV Equities LLC acquired a new stake in shares of Iron Mountain during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Stock Performance

Shares of Iron Mountain stock opened at $127.78 on Monday. The firm has a market cap of $38.02 billion, a PE ratio of 140.42 and a beta of 1.19. The business’s 50 day simple moving average is $123.29 and its 200 day simple moving average is $105.37. Iron Mountain Incorporated has a 52-week low of $77.77 and a 52-week high of $134.09.

Iron Mountain (NYSE:IRM) last posted 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 company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The firm’s revenue was up 21.5% compared to the same quarter last year. During the same period last year, the company 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 declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be given a dividend of $0.864 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.46 annualized dividend and a yield of 2.7%. Iron Mountain’s dividend payout ratio is 380.22%.

Wall Street Analysts Forecast Growth

IRM has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Wall Street Zen downgraded shares of Iron Mountain from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Loop Capital set a $130.00 price target on shares of Iron Mountain in a research note on Wednesday, March 4th. Finally, Truist Financial set a $140.00 price target on shares of Iron Mountain in a report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Iron Mountain presently has an average rating of “Moderate Buy” and a consensus target price of $131.67.

Insider Transactions at Iron Mountain

In other Iron Mountain news, CAO Daniel Borges sold 7,189 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $125.50, for a total value of $902,219.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $126.70, for a total value of $760,200.00. Following the completion of the sale, the executive vice president directly owned 113,507 shares of the company’s stock, valued at approximately $14,381,336.90. The trade was 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. Over the last 90 days, insiders sold 143,260 shares of company stock valued at $17,203,835. 1.70% of the stock is owned by insiders.

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.