Iron Mountain Incorporated $IRM Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in Iron Mountain Incorporated (NYSE:IRM) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,292,653 shares of the financial services provider’s stock after buying an additional 102,073 shares during the quarter. Geode Capital Management LLC’s holdings in Iron Mountain were worth $685,374,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of IRM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Iron Mountain by 597.9% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,161,589 shares of the financial services provider’s stock worth $322,292,000 after purchasing an additional 2,708,560 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Iron Mountain by 66.5% in the 4th quarter. Principal Financial Group Inc. now owns 4,207,596 shares of the financial services provider’s stock worth $349,021,000 after purchasing an additional 1,680,438 shares during the period. Invesco Ltd. raised its holdings in shares of Iron Mountain by 18.1% in the 3rd quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock worth $516,481,000 after purchasing an additional 776,933 shares during the period. Centersquare Investment Management LLC raised its holdings 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 worth $256,324,000 after purchasing an additional 483,548 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Iron Mountain by 331.5% in the 3rd quarter. AQR Capital Management LLC now owns 457,472 shares of the financial services provider’s stock worth $46,356,000 after purchasing an additional 351,463 shares during the period. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Iron Mountain Stock Performance

Shares of NYSE:IRM opened at $128.15 on Friday. The company has a market cap of $38.13 billion, a P/E ratio of 140.83 and a beta of 1.20. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.09. The business’s 50-day simple moving average is $115.91 and its 200 day simple moving average is $101.35.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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. Iron Mountain’s revenue for the quarter 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. Analysts predict that Iron Mountain Incorporated will post 5.4 earnings per share for the current year.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Monday, June 15th will be issued a dividend of $0.864 per share. The ex-dividend date is Monday, June 15th. This represents a $3.46 annualized dividend and a yield of 2.7%. Iron Mountain’s payout ratio is currently 380.22%.

Insider Activity at Iron Mountain

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $127.91, for a total transaction of $767,460.00. Following the sale, the executive vice president directly owned 119,507 shares in the company, valued at $15,286,140.37. The trade was a 4.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Walter C. Rakowich sold 757 shares of Iron Mountain stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $124.45, for a total value of $94,208.65. Following the sale, the director owned 1,135 shares in the company, valued at $141,250.75. This represents a 40.01% decrease in their ownership of the stock. 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 505,960 shares of company stock worth $55,265,802 over the last ninety days. Company insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on IRM shares. JPMorgan Chase & Co. raised their price objective on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Barclays raised their target price on Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Wells Fargo & Company raised their target price on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a report on Tuesday, April 21st. Finally, Loop Capital set a $130.00 target price on Iron Mountain in a report on Wednesday, March 4th. 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.

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.