Iron Mountain Incorporated (NYSE:IRM) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Iron Mountain Incorporated (NYSE:IRM) have received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $131.6667.

A number of equities research analysts recently issued reports on IRM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. raised their price target on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Wells Fargo & Company raised their price target on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Wall Street Zen cut Iron Mountain from a “buy” rating to a “hold” rating in a report on Sunday, June 14th.

Iron Mountain Stock Down 0.0%

Shares of Iron Mountain stock opened at $127.78 on Monday. The stock has a market capitalization of $38.02 billion, a P/E ratio of 140.42 and a beta of 1.19. The company has a 50-day simple moving average of $123.29 and a 200 day simple moving average of $105.37. Iron Mountain has a 12-month low of $77.77 and a 12-month high of $134.09.

Iron Mountain (NYSE:IRM) last announced its earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping 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 net margin of 3.76% and a negative return on equity of 91.56%. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter last year, the company posted $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, equities analysts anticipate that Iron Mountain will post 5.4 earnings per share for the current year.

Iron Mountain Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be issued a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. Iron Mountain’s dividend payout ratio (DPR) is currently 380.22%.

Insider Activity

In related news, CAO Daniel Borges sold 7,189 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was 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 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 sale, the executive vice president directly owned 113,507 shares of the company’s stock, valued at $14,381,336.90. This represents a 5.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 143,260 shares of company stock worth $17,203,835. 1.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Western Wealth Management LLC bought a new position in Iron Mountain in the 1st quarter valued at $143,000. DV Trading LLC bought a new position in Iron Mountain in the 1st quarter valued at $245,000. Parallel Advisors LLC boosted its position in Iron Mountain by 23.2% in the 1st quarter. Parallel Advisors LLC now owns 3,857 shares of the financial services provider’s stock valued at $394,000 after buying an additional 727 shares during the last quarter. NewEdge Advisors LLC boosted its position in Iron Mountain by 66.4% in the 1st quarter. NewEdge Advisors LLC now owns 41,818 shares of the financial services provider’s stock valued at $4,271,000 after buying an additional 16,692 shares during the last quarter. Finally, Optiver Holding B.V. bought a new position in Iron Mountain in the 1st quarter valued at $140,000. 80.13% of the stock is currently owned by institutional investors.

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.