5,817 Iron Mountain Incorporated $IRM Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its holdings in Iron Mountain Incorporated (NYSE:IRM) by 2.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 303,716 shares of the financial services provider’s stock after acquiring an additional 5,817 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Iron Mountain were worth $33,697,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bell Investment Advisors Inc purchased a new position in Iron Mountain during the second quarter valued at approximately $26,000. Meeder Asset Management Inc. bought a new position in Iron Mountain in the second quarter worth approximately $27,000. Wellington Altus USA Inc. bought a new position in Iron Mountain in the second quarter worth approximately $27,000. Dynamic Wealth Strategies LLC purchased a new stake in Iron Mountain during the first quarter worth $31,000. Finally, IMG Wealth Management Inc. purchased a new stake in Iron Mountain during the second quarter worth $34,000. 80.13% of the stock is currently owned by institutional investors.

Iron Mountain Stock Down 3.3%

NYSE:IRM opened at $110.88 on Friday. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week high of $134.68. The firm has a 50 day moving average of $115.86 and a 200 day moving average of $120.50. The stock has a market capitalization of $33.01 billion, a price-to-earnings ratio of 79.20 and a beta of 1.17.

Iron Mountain (NYSE:IRM) last announced its earnings results 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 company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the firm earned $1.24 earnings per share. Iron Mountain’s 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, analysts expect that Iron Mountain Incorporated will post 5.42 EPS for the current year.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.8640 per share. This represents a $3.46 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Tuesday, September 15th. Iron Mountain’s dividend payout ratio is currently 247.14%.

Insider Activity

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $115.60, for a total value of $693,600.00. Following the completion of the sale, the executive vice president directly owned 95,507 shares in the company, valued at approximately $11,040,609.20. This trade represents a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Greg W. Mcintosh sold 5,000 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $110.72, for a total value of $553,600.00. Following the completion of the sale, the executive vice president directly owned 70,634 shares of the company’s stock, valued at approximately $7,820,596.48. This represents a 6.61% 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. In the last quarter, insiders sold 137,422 shares of company stock worth $15,881,099. Insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IRM. Truist Financial lifted their price target on Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Wall Street Zen lowered Iron Mountain from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Wells Fargo & Company upped their price objective on Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Weiss Ratings downgraded Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Finally, Barclays raised their price objective on Iron Mountain from $143.00 to $144.00 and gave the company an “overweight” rating in a research report on Tuesday, September 8th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $139.83.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global information management and storage company that helps organizations protect, manage and optimize their physical and digital assets. Founded in 1951, the company began as a records storage provider and has expanded into a broader information lifecycle management business.

Its services include records storage and retrieval, information governance, secure shredding and destruction, document scanning, digital transformation, backup and recovery, and data center services.