Chicago Partners Investment Group LLC Buys 4,377 Shares of Iron Mountain Incorporated $IRM

Chicago Partners Investment Group LLC boosted its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 69.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,693 shares of the financial services provider’s stock after purchasing an additional 4,377 shares during the period. Chicago Partners Investment Group LLC’s holdings in Iron Mountain were worth $1,092,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Garton & Associates Financial Advisors LLC bought a new position in shares of Iron Mountain during the fourth quarter worth about $25,000. Beaird Harris Wealth Management LLC lifted its stake in Iron Mountain by 17,500.0% in the 4th 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 in the last quarter. Johnson Financial Group Inc. acquired a new position in Iron Mountain during the 3rd quarter worth approximately $32,000. Bayban acquired a new position in Iron Mountain during the 4th quarter worth approximately $33,000. Finally, DV Equities LLC bought a new position in shares of Iron Mountain during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on IRM shares. JPMorgan Chase & Co. lifted their price objective on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Wall Street Zen raised shares of Iron Mountain from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Barclays lifted their price target on shares of Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Finally, Weiss Ratings cut shares of Iron Mountain from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $134.33.

Insider Buying and Selling

In other news, Director Walter C. Rakowich sold 757 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total value of $94,208.65. Following the completion of the transaction, the director directly owned 1,135 shares in the company, valued at approximately $141,250.75. The trade was a 40.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Pamela M. Arway sold 1,892 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $128.97, for a total transaction of $244,011.24. Following the sale, the director directly owned 40,196 shares of the company’s stock, valued at approximately $5,184,078.12. This trade represents a 4.50% decrease in their position. 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 137,260 shares of company stock valued at $17,361,672 in the last ninety days. Insiders own 1.70% of the company’s stock.

Iron Mountain Price Performance

Shares of IRM stock opened at $123.61 on Thursday. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.68. The stock has a market cap of $36.78 billion, a P/E ratio of 135.83 and a beta of 1.19. The company has a fifty day moving average price of $125.66 and a two-hundred day moving average price of $110.60.

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

Iron Mountain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were paid a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, June 15th. Iron Mountain’s dividend payout ratio (DPR) is 379.12%.

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.