Iron Mountain Incorporated (NYSE:IRM) Receives Average Recommendation of “Moderate Buy” from Brokerages

Iron Mountain Incorporated (NYSE:IRM) has earned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $115.40.

A number of brokerages have weighed in on IRM. Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a research note on Thursday, January 22nd. JPMorgan Chase & Co. lifted their price target on Iron Mountain from $100.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Barclays restated an “overweight” rating and issued a $126.00 price objective on shares of Iron Mountain in a research report on Tuesday, January 13th. Finally, Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th.

Insiders Place Their Bets

In related news, CEO William L. Meaney sold 38,482 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $83.17, for a total value of $3,200,547.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark Kidd sold 6,000 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $83.10, for a total value of $498,600.00. Following the completion of the transaction, the executive vice president directly owned 55,081 shares in the company, valued at approximately $4,577,231.10. This represents a 9.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 194,732 shares of company stock valued at $17,687,679 over the last ninety days. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Iron Mountain

Hedge funds and other institutional investors have recently bought and sold shares of the company. Aprio Wealth Management LLC raised its stake in shares of Iron Mountain by 110.9% during the fourth quarter. Aprio Wealth Management LLC now owns 5,385 shares of the financial services provider’s stock worth $447,000 after acquiring an additional 2,832 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of Iron Mountain by 9.3% during the 4th quarter. D.A. Davidson & CO. now owns 32,649 shares of the financial services provider’s stock valued at $2,708,000 after purchasing an additional 2,779 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in Iron Mountain by 3.3% in the 4th quarter. Kestra Private Wealth Services LLC now owns 14,452 shares of the financial services provider’s stock worth $1,199,000 after purchasing an additional 468 shares during the period. Physician Wealth Advisors Inc. lifted its stake in Iron Mountain by 740.8% in the fourth quarter. Physician Wealth Advisors Inc. now owns 597 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 526 shares during the last quarter. Finally, Lee Danner & Bass Inc. lifted its stake in Iron Mountain by 53.1% in the fourth quarter. Lee Danner & Bass Inc. now owns 65,208 shares of the financial services provider’s stock worth $5,409,000 after purchasing an additional 22,625 shares during the last quarter. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Iron Mountain Price Performance

NYSE IRM opened at $92.94 on Friday. The company’s 50 day simple moving average is $86.31 and its two-hundred day simple moving average is $93.89. Iron Mountain has a 1 year low of $72.33 and a 1 year high of $108.15. The stock has a market capitalization of $27.47 billion, a PE ratio of 175.36 and a beta of 1.13.

Iron Mountain (NYSE:IRM) last released its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.03. Iron Mountain had a net margin of 2.40% and a negative return on equity of 112.70%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period in the previous year, the business earned $1.13 EPS. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. On average, research analysts anticipate that Iron Mountain will post 4.54 EPS for the current year.

Iron Mountain Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th were given a dividend of $0.864 per share. This is an increase from Iron Mountain’s previous quarterly dividend of $0.79. The ex-dividend date was Monday, December 15th. This represents a $3.46 annualized dividend and a dividend yield of 3.7%. Iron Mountain’s dividend payout ratio is 652.83%.

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.