OMERS ADMINISTRATION Corp Invests $14.71 Million in Iron Mountain Incorporated $IRM

OMERS ADMINISTRATION Corp bought a new position in shares of Iron Mountain Incorporated (NYSE:IRM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 116,430 shares of the financial services provider’s stock, valued at approximately $14,706,000.

Other institutional investors have also bought and sold shares of the company. BDFS Capital LLC bought a new position in shares of Iron Mountain during the fourth quarter valued at $340,000. Allstate Corp grew its holdings in shares of Iron Mountain by 105.1% in the 4th quarter. Allstate Corp now owns 22,427 shares of the financial services provider’s stock worth $1,860,000 after purchasing an additional 11,492 shares during the last quarter. Intact Investment Management Inc. grew its holdings in shares of Iron Mountain by 103.4% in the 4th quarter. Intact Investment Management Inc. now owns 71,600 shares of the financial services provider’s stock worth $5,939,000 after purchasing an additional 36,400 shares during the last quarter. Stevens Capital Management LP acquired a new stake in shares of Iron Mountain during the 4th quarter worth about $1,262,000. Finally, Deutsche Bank AG acquired a new stake in shares of Iron Mountain during the 2nd quarter worth about $385,129,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insider Activity at Iron Mountain

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $122.70, for a total value of $736,200.00. Following the transaction, the executive vice president directly owned 101,507 shares in the company, valued at approximately $12,454,908.90. This trade represents a 5.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $121.67, for a total value of $4,681,131.58. Following the transaction, the chief executive officer directly owned 38,474 shares in the company, valued at $4,681,131.58. This trade represents a 50.00% 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. Insiders sold a total of 127,422 shares of company stock valued at $15,810,652 in the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

IRM has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Wells Fargo & Company upped their price objective on shares of Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Barclays raised their price objective on shares of Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen lowered Iron Mountain from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.17.

Iron Mountain Stock Up 0.1%

Iron Mountain stock opened at $122.19 on Monday. The stock has a 50-day simple moving average of $124.52 and a 200 day simple moving average of $117.27. The stock has a market capitalization of $36.38 billion, a price-to-earnings ratio of 87.28 and a beta of 1.20. Iron Mountain Incorporated has a 12-month low of $77.77 and a 12-month high of $134.68.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.06. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter last year, the company posted $1.24 EPS. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. As a group, sell-side analysts anticipate that Iron Mountain Incorporated will post 5.42 EPS for the current year.

Iron Mountain Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 15th will be issued a $0.864 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.8%. Iron Mountain’s dividend payout ratio (DPR) is currently 247.14%.

About Iron Mountain

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.