Leonteq Securities AG Lowers Stake in Iron Mountain Incorporated $IRM

Leonteq Securities AG reduced its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 67.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,364 shares of the financial services provider’s stock after selling 7,103 shares during the period. Leonteq Securities AG’s holdings in Iron Mountain were worth $344,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in IRM. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Iron Mountain by 55.7% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 79,921 shares of the financial services provider’s stock valued at $8,163,000 after acquiring an additional 28,595 shares in the last quarter. Platform Technology Partners acquired a new stake in shares of Iron Mountain during the 1st quarter worth about $217,000. Keybank National Association OH lifted its stake in Iron Mountain by 46.1% during the first quarter. Keybank National Association OH now owns 3,938 shares of the financial services provider’s stock worth $402,000 after purchasing an additional 1,243 shares during the last quarter. Root Financial Partners LLC increased its stake in Iron Mountain by 66.3% in the first quarter. Root Financial Partners LLC now owns 2,010 shares of the financial services provider’s stock valued at $205,000 after purchasing an additional 801 shares during the last quarter. Finally, Fulton Bank N.A. purchased a new position in shares of Iron Mountain in the 1st quarter valued at $352,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Price Performance

Shares of IRM opened at $117.13 on Monday. The stock has a market capitalization of $34.85 billion, a PE ratio of 128.71 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 business’s fifty day moving average price is $125.74 and its 200 day moving average price is $108.38.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data 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. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the business earned $1.17 earnings per share. Iron Mountain’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. As a group, research 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 declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be paid 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 yield of 3.0%. Iron Mountain’s dividend payout ratio (DPR) is currently 380.22%.

Insider Activity

In other Iron Mountain news, Director Walter C. Rakowich sold 757 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total transaction of $94,208.65. Following the completion of the sale, the director directly owned 1,135 shares of the company’s stock, valued at approximately $141,250.75. This represents a 40.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 dated Tuesday, May 12th. The stock was sold at an average price of $128.97, for a total value of $244,011.24. Following the completion of 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 137,260 shares of company stock worth $17,361,672. 1.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on IRM shares. Weiss Ratings raised Iron Mountain from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Barclays increased their target price on Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wells Fargo & Company raised their price target on shares of Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Finally, Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $134.33.

Iron Mountain Company 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.