Iron Mountain Incorporated $IRM Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 16.0% during the 4th quarter, Holdings Channel reports. The fund owned 3,654,086 shares of the financial services provider’s stock after buying an additional 502,998 shares during the quarter. Iron Mountain comprises 1.0% of Daiwa Securities Group Inc.’s portfolio, making the stock its 19th largest holding. Daiwa Securities Group Inc.’s holdings in Iron Mountain were worth $303,106,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of IRM. Vanguard Group Inc. raised its stake in Iron Mountain by 0.4% during the third quarter. Vanguard Group Inc. now owns 47,253,100 shares of the financial services provider’s stock worth $4,816,981,000 after purchasing an additional 188,213 shares during the period. State Street Corp grew its stake in shares of Iron Mountain by 1.9% in the 3rd quarter. State Street Corp now owns 17,131,787 shares of the financial services provider’s stock valued at $1,759,494,000 after buying an additional 322,144 shares during the period. Geode Capital Management LLC grew its stake in shares of Iron Mountain by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 8,292,653 shares of the financial services provider’s stock valued at $685,374,000 after buying an additional 102,073 shares during the period. Invesco Ltd. increased its holdings in shares of Iron Mountain by 18.1% during the 3rd quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock worth $516,481,000 after buying an additional 776,933 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Iron Mountain during the 4th quarter valued at approximately $368,890,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on IRM shares. Loop Capital set a $130.00 price objective on Iron Mountain in a report on Wednesday, March 4th. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Truist Financial set a $140.00 price target on Iron Mountain in a research note on Friday, May 1st. Barclays increased their price target on Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Iron Mountain presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.

Insider Activity

In related news, CAO Daniel Borges sold 7,189 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $125.50, for a total transaction of $902,219.50. The sale was disclosed in a legal filing 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, EVP Mithu Bhargava sold 59,725 shares of Iron Mountain stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $104.62, for a total value of $6,248,429.50. Following the completion of the transaction, the executive vice president directly owned 16,054 shares of the company’s stock, valued at approximately $1,679,569.48. This represents a 78.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 202,985 shares of company stock worth $23,452,265 in the last quarter. Insiders own 1.70% of the company’s stock.

Iron Mountain Stock Performance

Iron Mountain stock opened at $130.08 on Friday. Iron Mountain Incorporated has a fifty-two week low of $77.77 and a fifty-two week high of $134.09. The firm has a 50 day moving average price of $118.01 and a 200 day moving average price of $102.26. The company has a market capitalization of $38.70 billion, a PE ratio of 142.94 and a beta of 1.19.

Iron Mountain (NYSE:IRM) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, topping 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 analysts’ expectations of $1.86 billion. During the same period in the prior year, the firm earned $1.17 earnings per share. 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. As a group, equities research analysts forecast that Iron Mountain Incorporated will post 5.4 earnings per share for the current year.

Iron Mountain Announces Dividend

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

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.