Iron Mountain Incorporated $IRM Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC lifted its stake in Iron Mountain Incorporated (NYSE:IRM) by 4.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 211,327 shares of the financial services provider’s stock after buying an additional 8,803 shares during the period. Corient Private Wealth LLC’s holdings in Iron Mountain were worth $17,536,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IRM. Norges Bank acquired a new position in Iron Mountain in the fourth quarter valued at $368,890,000. Cohen & Steers Inc. increased its position in shares of Iron Mountain by 20.0% during the fourth quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock worth $1,568,110,000 after purchasing an additional 3,155,034 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Iron Mountain by 597.9% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,161,589 shares of the financial services provider’s stock worth $322,292,000 after purchasing an additional 2,708,560 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Iron Mountain by 66.5% in the 4th quarter. Principal Financial Group Inc. now owns 4,207,596 shares of the financial services provider’s stock valued at $349,021,000 after purchasing an additional 1,680,438 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Iron Mountain by 18.1% in the 3rd quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock valued at $516,481,000 after purchasing an additional 776,933 shares during the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, 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 transaction of $94,208.65. Following the completion of the sale, the director owned 1,135 shares in the company, valued at $141,250.75. This represents a 40.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, Director Pamela M. Arway sold 1,892 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $128.97, for a total value 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 represents a 4.50% 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. In the last 90 days, insiders have sold 143,260 shares of company stock valued at $17,203,835. 1.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on IRM shares. Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a research note on Tuesday, April 21st. 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. Wells Fargo & Company increased their price objective on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Truist Financial set a $140.00 target price on shares of Iron Mountain in a research report on Friday, May 1st. Finally, Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.

Iron Mountain Stock Performance

Shares of IRM opened at $133.51 on Wednesday. Iron Mountain Incorporated has a fifty-two week low of $77.77 and a fifty-two week high of $134.09. The firm has a 50-day simple moving average of $124.23 and a 200-day simple moving average of $106.06. The company has a market capitalization of $39.72 billion, a price-to-earnings ratio of 146.72 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, beating the consensus estimate of $0.50 by $0.10. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Equities research analysts forecast that Iron Mountain Incorporated will post 5.4 EPS for the current year.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be issued a $0.864 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.6%. Iron Mountain’s payout ratio is presently 380.22%.

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.