Iron Mountain (NYSE:IRM) Director Walter Rakowich Sells 757 Shares

Iron Mountain Incorporated (NYSE:IRM) Director Walter Rakowich sold 757 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total transaction of $94,208.65. Following the sale, the director directly owned 1,135 shares in the company, valued at $141,250.75. This trade represents a 40.01% decrease in their ownership of the stock. The transaction was disclosed in a legal 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.

Iron Mountain Price Performance

IRM opened at $127.28 on Friday. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.09. The company’s 50 day simple moving average is $113.48 and its 200-day simple moving average is $100.29. The stock has a market capitalization of $37.87 billion, a P/E ratio of 139.86 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.86 billion. During the same period last year, the firm earned $1.17 earnings per share. The business’s revenue for the quarter 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, analysts anticipate that Iron Mountain Incorporated will post 5.4 EPS for the current year.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders 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 2.7%. Iron Mountain’s dividend payout ratio (DPR) is presently 380.22%.

Wall Street Analyst Weigh In

IRM has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Barclays lifted their price target on shares of Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Truist Financial set a $140.00 price target on shares of Iron Mountain in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.67.

Institutional Investors Weigh In On Iron Mountain

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dynamic Wealth Strategies LLC bought a new position in Iron Mountain in the first quarter valued at $31,000. Garton & Associates Financial Advisors LLC bought a new position in Iron Mountain in the fourth quarter valued at $25,000. Johnson Financial Group Inc. bought a new position in Iron Mountain in the third quarter valued at $32,000. Beaird Harris Wealth Management LLC grew its position in 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 in the last quarter. Finally, Bayban bought a new position in Iron Mountain in the fourth quarter valued at $33,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

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.