Allspring Global Investments Holdings LLC Purchases 22,562 Shares of Iron Mountain Incorporated $IRM

Allspring Global Investments Holdings LLC lifted its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 66.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,453 shares of the financial services provider’s stock after buying an additional 22,562 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Iron Mountain were worth $5,699,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of IRM. Garton & Associates Financial Advisors LLC bought a new position in shares of Iron Mountain during the 4th quarter worth approximately $25,000. Beaird Harris Wealth Management LLC boosted its holdings in Iron Mountain by 17,500.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 350 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in Iron Mountain during the third quarter worth $32,000. Bayban bought a new position in Iron Mountain in the fourth quarter valued at $33,000. Finally, DV Equities LLC acquired a new stake in Iron Mountain in the 4th quarter valued at $34,000. Institutional investors own 80.13% of the company’s stock.

Iron Mountain Stock Up 0.2%

Shares of Iron Mountain stock opened at $124.74 on Friday. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.68. The company has a 50-day simple moving average of $125.24 and a two-hundred day simple moving average of $112.34. The stock has a market capitalization of $37.11 billion, a price-to-earnings ratio of 137.08 and a beta of 1.19.

Iron Mountain (NYSE:IRM) last issued its quarterly 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. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the business posted $1.17 earnings per share. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. 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, sell-side analysts anticipate that Iron Mountain Incorporated will post 5.4 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 15th were given a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, June 15th. Iron Mountain’s dividend payout ratio is presently 380.22%.

Analysts Set New Price Targets

IRM has been the topic of a number of recent research reports. Barclays lifted 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. Truist Financial set a $140.00 price objective on shares of Iron Mountain in a research note on Friday, May 1st. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. upped 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. Finally, Weiss Ratings downgraded 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 given a Hold rating to the company. Based on data from MarketBeat, Iron Mountain presently has an average rating of “Moderate Buy” and a consensus price target of $134.33.

Insider Activity at Iron Mountain

In related news, CEO William L. Meaney sold 38,474 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer owned 38,474 shares in the company, valued at approximately $4,725,761.42. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 dated 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 $5,184,078.12. This represents a 4.50% 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. Insiders sold a total of 137,260 shares of company stock worth $17,361,672 in the last quarter. 1.70% of the stock is currently owned by corporate 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.