Andra AP fonden Reduces Position in Iron Mountain Incorporated $IRM

Andra AP fonden decreased its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 84.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 31,552 shares of the financial services provider’s stock after selling 169,748 shares during the period. Andra AP fonden’s holdings in Iron Mountain were worth $3,223,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. BDFS Capital LLC bought a new stake in shares of Iron Mountain during the fourth quarter worth $340,000. Allstate Corp grew its holdings in shares of Iron Mountain by 105.1% in the fourth quarter. Allstate Corp now owns 22,427 shares of the financial services provider’s stock worth $1,860,000 after purchasing an additional 11,492 shares during the last quarter. Pensionfund Sabic purchased a new position in Iron Mountain in the 4th quarter worth about $1,559,000. Stevens Capital Management LP purchased a new position in Iron Mountain in the 4th quarter worth about $1,262,000. Finally, Intact Investment Management Inc. lifted its holdings in Iron Mountain by 103.4% during the 4th quarter. Intact Investment Management Inc. now owns 71,600 shares of the financial services provider’s stock valued at $5,939,000 after buying an additional 36,400 shares in the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Iron Mountain Price Performance

Shares of IRM stock opened at $124.61 on Thursday. The stock’s fifty day moving average price is $125.30 and its 200 day moving average price is $112.04. Iron Mountain Incorporated has a 1-year low of $77.77 and a 1-year high of $134.68. The company has a market cap of $37.07 billion, a price-to-earnings ratio of 136.93 and a beta of 1.19.

Iron Mountain (NYSE:IRM) last released its earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate 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%. Iron Mountain’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. As a group, equities research analysts anticipate that Iron Mountain Incorporated will post 5.4 earnings per share for the current year.

Iron Mountain Announces Dividend

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. The ex-dividend date was Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.8%. Iron Mountain’s dividend payout ratio (DPR) is presently 380.22%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Weiss Ratings lowered Iron Mountain from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Barclays raised their price objective on Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. Wells Fargo & Company lifted their target price on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Wall Street Zen upgraded Iron Mountain from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Finally, JPMorgan Chase & Co. increased their price target on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Iron Mountain has a consensus rating of “Moderate Buy” and a consensus price target of $134.33.

Insiders Place Their Bets

In related news, Director Pamela M. Arway sold 1,892 shares of Iron Mountain 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 completion of the transaction, the director directly owned 40,196 shares in the company, valued at approximately $5,184,078.12. This trade represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a legal 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, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $127.91, for a total transaction of $767,460.00. Following the transaction, the executive vice president directly owned 119,507 shares of the company’s stock, valued at approximately $15,286,140.37. This trade represents a 4.78% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 137,260 shares of company stock worth $17,361,672. 1.70% of the stock is currently owned by company insiders.

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.