California Public Employees Retirement System Has $51.32 Million Stock Position in Iron Mountain Incorporated $IRM

California Public Employees Retirement System cut its stake in Iron Mountain Incorporated (NYSE:IRM) by 2.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 502,460 shares of the financial services provider’s stock after selling 11,095 shares during the period. California Public Employees Retirement System’s holdings in Iron Mountain were worth $51,321,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IRM. Oregon Public Employees Retirement Fund raised its holdings in Iron Mountain by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 33,889 shares of the financial services provider’s stock worth $3,461,000 after purchasing an additional 100 shares during the last quarter. Rothschild Investment LLC boosted its stake in shares of Iron Mountain by 15.4% in the 4th quarter. Rothschild Investment LLC now owns 780 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 104 shares during the last quarter. Corrado Advisors LLC increased its position in shares of Iron Mountain by 0.6% during the fourth quarter. Corrado Advisors LLC now owns 19,856 shares of the financial services provider’s stock worth $1,647,000 after buying an additional 110 shares during the period. Bank of New Hampshire increased its position in shares of Iron Mountain by 14.5% during the fourth quarter. Bank of New Hampshire now owns 910 shares of the financial services provider’s stock worth $75,000 after buying an additional 115 shares during the period. Finally, Coldstream Capital Management Inc. raised its stake in Iron Mountain by 1.6% during the third quarter. Coldstream Capital Management Inc. now owns 7,506 shares of the financial services provider’s stock worth $765,000 after buying an additional 121 shares during the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insiders Place Their Bets

In related news, CEO William L. Meaney sold 38,474 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $122.83, for a total value of $4,725,761.42. Following the completion of the sale, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at $4,725,761.42. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Walter C. Rakowich sold 757 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $124.45, for a total value of $94,208.65. Following the transaction, the director directly owned 1,135 shares in the company, valued at approximately $141,250.75. This trade represents a 40.01% decrease in their ownership of the stock. 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 137,260 shares of company stock worth $17,361,672 over the last three months. Insiders own 1.70% of the company’s stock.

Iron Mountain Stock Up 0.3%

Iron Mountain stock opened at $124.23 on Tuesday. The company has a market capitalization of $36.96 billion, a PE ratio of 136.52 and a beta of 1.19. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.68. The firm’s fifty day moving average is $125.35 and its 200 day moving average is $111.45.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.86 billion. During the same period last year, the company posted $1.17 earnings per share. The business’s quarterly 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. Sell-side analysts expect that Iron Mountain Incorporated will post 5.4 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 15th were paid a $0.864 dividend. The ex-dividend date was Monday, June 15th. This represents a $3.46 annualized dividend and a dividend yield of 2.8%. Iron Mountain’s dividend payout ratio (DPR) is currently 380.22%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on IRM shares. Truist Financial set a $140.00 target price on shares of Iron Mountain in a report on Friday, May 1st. Wells Fargo & Company increased their price target on Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Wall Street Zen raised Iron Mountain from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. 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 note on Friday, May 1st. Finally, Barclays upped their target price on Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $134.33.

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.