Cetera Investment Advisers Has $26.56 Million Stake in Iron Mountain Incorporated $IRM

Cetera Investment Advisers increased its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 4.6% during the first quarter, Holdings Channel reports. The fund owned 260,039 shares of the financial services provider’s stock after acquiring an additional 11,442 shares during the quarter. Cetera Investment Advisers’ holdings in Iron Mountain were worth $26,560,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Dynamic Wealth Strategies LLC acquired a new position in shares of Iron Mountain in the first quarter valued at $31,000. Garton & Associates Financial Advisors LLC acquired a new position in Iron Mountain in the 4th quarter valued at about $25,000. Johnson Financial Group Inc. acquired a new stake in Iron Mountain during the third quarter worth approximately $32,000. Beaird Harris Wealth Management LLC grew its position in shares of Iron Mountain by 17,500.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 350 shares during the last quarter. Finally, Bayban bought a new position in shares of Iron Mountain during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. lifted their target price 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 boosted their target price on shares of Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Weiss Ratings downgraded shares of Iron Mountain from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Finally, Truist Financial set a $140.00 price objective on shares of Iron Mountain in a research note on Friday, May 1st. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $134.33.

Iron Mountain Price Performance

Iron Mountain stock opened at $128.33 on Monday. The stock’s fifty day moving average price is $125.31 and its two-hundred day moving average price is $112.65. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.68. The firm has a market cap of $38.18 billion, a PE ratio of 141.03 and a beta of 1.19.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.10. The firm had revenue of $1.94 billion during 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 company’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. Sell-side 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 announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were issued a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, June 15th. Iron Mountain’s dividend payout ratio (DPR) is currently 380.22%.

Insiders Place Their Bets

In other news, Director Pamela M. Arway sold 1,892 shares of the company’s 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 completion of the transaction, the director directly owned 40,196 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Daniel Borges sold 7,189 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $125.50, for a total value of $902,219.50. 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 valued at $17,361,672 over the last ninety days. 1.70% of the stock is owned by insiders.

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.