Iron Mountain Incorporated $IRM Shares Sold by Candriam S.C.A.

Candriam S.C.A. decreased its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 12.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,827 shares of the financial services provider’s stock after selling 7,316 shares during the quarter. Candriam S.C.A.’s holdings in Iron Mountain were worth $5,498,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on IRM shares. Barclays boosted their price objective on Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Wells Fargo & Company raised their price objective on Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their target price on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Wall Street Zen upgraded shares of Iron Mountain from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $134.33.

Insiders Place Their Bets

In related news, CEO William L. Meaney sold 38,474 shares of Iron Mountain stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $122.83, for a total transaction of $4,725,761.42. Following the completion of the transaction, the chief executive officer directly owned 38,474 shares in the company, valued at $4,725,761.42. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $126.70, for a total value of $760,200.00. Following the sale, the executive vice president owned 113,507 shares in the company, valued at approximately $14,381,336.90. This trade represents a 5.02% decrease in their position. 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 ninety days, insiders sold 137,260 shares of company stock worth $17,361,672. 1.70% of the stock is owned by company insiders.

Iron Mountain Price Performance

NYSE:IRM opened at $122.35 on Tuesday. The firm has a market cap of $36.40 billion, a price-to-earnings ratio of 134.45 and a beta of 1.19. The firm’s fifty day moving average price is $126.01 and its 200 day moving average price is $110.00. Iron Mountain Incorporated has a 1-year low of $77.77 and a 1-year high of $134.68.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, beating 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 business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the firm earned $1.17 EPS. The company’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. As a group, analysts expect that Iron Mountain Incorporated will post 5.4 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were given a $0.864 dividend. The ex-dividend date was Monday, June 15th. This represents a $3.46 annualized dividend and a dividend yield of 2.8%. Iron Mountain’s payout ratio is currently 380.22%.

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.