Mark Kidd Sells 6,000 Shares of Iron Mountain (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $126.70, for a total transaction of $760,200.00. Following the completion of the transaction, the executive vice president owned 113,507 shares in the company, valued at approximately $14,381,336.90. This represents a 5.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Kidd also recently made the following trade(s):

• On Friday, May 8th, Mark Kidd sold 6,000 shares of Iron Mountain stock. The shares were sold at an average price of $127.91, for a total transaction of $767,460.00.
• On Wednesday, April 1st, Mark Kidd sold 6,000 shares of Iron Mountain stock. The shares were sold at an average price of $102.71, for a total transaction of $616,260.00.

Iron Mountain Trading Up 1.8%

Shares of NYSE:IRM traded up $2.25 on Tuesday, hitting $128.32. The company had a trading volume of 1,508,222 shares, compared to its average volume of 1,357,720. Iron Mountain Incorporated has a 1-year low of $77.77 and a 1-year high of $134.09. The stock has a market cap of $38.18 billion, a price-to-earnings ratio of 138.54 and a beta of 1.19. The stock has a 50 day moving average price of $116.32 and a 200 day moving average price of $101.52.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data 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 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 the consensus estimate of $1.86 billion. During the same period in the previous year, the company earned $1.17 earnings per share. The company’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. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Monday, June 15th will be given a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, June 15th. Iron Mountain’s dividend payout ratio is presently 379.12%.

Hedge Funds Weigh In On Iron Mountain

Several hedge funds and other institutional investors have recently made changes to their positions in IRM. NewSquare Capital LLC increased its stake in Iron Mountain by 4,867.6% in the third quarter. NewSquare Capital LLC now owns 11,823 shares of the financial services provider’s stock valued at $1,205,000 after acquiring an additional 11,585 shares during the last quarter. Fieldview Capital Management LLC bought a new stake in Iron Mountain during the third quarter worth $3,092,000. J.W. Cole Advisors Inc. boosted its holdings in shares of Iron Mountain by 54.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 33,596 shares of the financial services provider’s stock valued at $3,425,000 after purchasing an additional 11,893 shares in the last quarter. AGF Management Ltd. increased its stake in shares of Iron Mountain by 178.0% in the 3rd quarter. AGF Management Ltd. now owns 22,185 shares of the financial services provider’s stock valued at $2,262,000 after purchasing an additional 14,205 shares during the last quarter. Finally, Centersquare Investment Management LLC increased its stake in shares of Iron Mountain by 23.8% in the 3rd quarter. Centersquare Investment Management LLC now owns 2,514,464 shares of the financial services provider’s stock valued at $256,324,000 after purchasing an additional 483,548 shares during the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company lifted their price target 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. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Loop Capital set a $130.00 price objective on Iron Mountain in a report on Wednesday, March 4th. JPMorgan Chase & Co. upped 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, Truist Financial set a $140.00 target price on Iron Mountain in a report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $131.67.

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.