Border to Coast Pensions Partnership Ltd Sells 30,000 Shares of Iron Mountain Incorporated $IRM

Border to Coast Pensions Partnership Ltd lessened its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 6.0% during the first quarter, Holdings Channel.com reports. The firm owned 470,000 shares of the financial services provider’s stock after selling 30,000 shares during the quarter. Border to Coast Pensions Partnership Ltd’s holdings in Iron Mountain were worth $48,153,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of IRM. Garton & Associates Financial Advisors LLC acquired a new stake in Iron Mountain in the fourth quarter valued at $25,000. Beaird Harris Wealth Management LLC lifted its holdings in Iron Mountain by 17,500.0% during 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 period. Johnson Financial Group Inc. acquired a new position in Iron Mountain during the 3rd quarter worth about $32,000. Bayban bought a new stake in shares of Iron Mountain in the 4th quarter valued at about $33,000. Finally, DV Equities LLC bought a new stake in shares of Iron Mountain in the 4th quarter valued at about $34,000. Institutional investors own 80.13% of the company’s stock.

Iron Mountain Trading Up 1.0%

Shares of Iron Mountain stock opened at $132.42 on Friday. The business has a 50-day moving average price of $125.32 and a two-hundred day moving average price of $106.89. Iron Mountain Incorporated has a 1-year low of $77.77 and a 1-year high of $134.68. The company has a market cap of $39.40 billion, a P/E ratio of 145.51 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 (EPS) for the quarter, beating analysts’ consensus estimates 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 company 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 business earned $1.17 EPS. The firm’s 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. Equities research analysts forecast that Iron Mountain Incorporated will post 5.4 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be issued a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, June 15th. Iron Mountain’s payout ratio is presently 380.22%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on IRM shares. Loop Capital set a $130.00 price objective on Iron Mountain in a research report on Wednesday, March 4th. Truist Financial set a $140.00 target price on Iron Mountain in a report on Friday, May 1st. JPMorgan Chase & Co. increased their target price on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Wells Fargo & Company boosted their price target on shares of Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Four investment 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 price target of $131.67.

Insider Transactions at Iron Mountain

In other news, Director Walter C. Rakowich sold 757 shares of the firm’s 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 completion of the sale, the director owned 1,135 shares of the company’s stock, valued at $141,250.75. This trade represents a 40.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of Iron Mountain stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $102.71, for a total transaction of $3,951,664.54. Following the completion of the sale, the chief executive officer owned 38,474 shares of the company’s stock, valued at $3,951,664.54. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 143,260 shares of company stock valued at $17,203,835. 1.70% of the stock is owned by insiders.

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.