Adams Diversified Equity Fund Inc. Acquires New Position in Iron Mountain Incorporated $IRM

Adams Diversified Equity Fund Inc. bought a new position in shares of Iron Mountain Incorporated (NYSE:IRM) during the 1st quarter, HoldingsChannel.com reports. The fund bought 80,800 shares of the financial services provider’s stock, valued at approximately $8,253,000.

Other hedge funds have also bought and sold shares of the company. Cornerstone Wealth Group LLC raised its holdings in shares of Iron Mountain by 4.6% in the first quarter. Cornerstone Wealth Group LLC now owns 4,198 shares of the financial services provider’s stock worth $429,000 after buying an additional 184 shares during the last quarter. Welch Group LLC raised its stake in Iron Mountain by 6.0% in the 1st quarter. Welch Group LLC now owns 5,069 shares of the financial services provider’s stock worth $518,000 after acquiring an additional 288 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in Iron Mountain in the 1st quarter worth $1,542,000. Silver Oak Securities Incorporated acquired a new stake in Iron Mountain during the 1st quarter worth about $214,000. Finally, Kestra Private Wealth Services LLC grew its stake in Iron Mountain by 4.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 15,153 shares of the financial services provider’s stock valued at $1,548,000 after purchasing an additional 701 shares during the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Stock Up 1.0%

Shares of IRM stock opened at $132.42 on Friday. Iron Mountain Incorporated has a 52-week low of $77.77 and a 52-week high of $134.68. The stock has a market cap of $39.40 billion, a PE ratio of 145.51 and a beta of 1.19. The business has a 50-day simple moving average of $125.32 and a 200-day simple moving average of $106.89.

Iron Mountain (NYSE:IRM) last posted its earnings results on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the company earned $1.17 earnings per share. Iron Mountain’s revenue for the quarter 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. 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 company 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 dividend of $0.864 per share. This represents a $3.46 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. Iron Mountain’s payout ratio is 380.22%.

Wall Street Analysts Forecast Growth

IRM has been the topic of a number of research reports. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Wall Street Zen lowered Iron Mountain from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. JPMorgan Chase & Co. increased their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Truist Financial set a $140.00 price target on shares of Iron Mountain in a research report on Friday, May 1st. Finally, Wells Fargo & Company lifted their price objective on shares of Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $131.67.

Insider Transactions at Iron Mountain

In related news, Director Pamela M. Arway sold 1,892 shares of the stock in a transaction on Tuesday, May 12th. The shares were 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 represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Daniel Borges sold 7,189 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $125.50, for a total transaction of $902,219.50. 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 90 days, insiders sold 143,260 shares of company stock worth $17,203,835. Insiders own 1.70% of the company’s stock.

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.