Resona Asset Management Co. Ltd. Acquires 9,418 Shares of Iron Mountain Incorporated $IRM

Resona Asset Management Co. Ltd. grew its holdings in Iron Mountain Incorporated (NYSE:IRM) by 5.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 180,600 shares of the financial services provider’s stock after buying an additional 9,418 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Iron Mountain were worth $17,812,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Garton & Associates Financial Advisors LLC bought a new stake in Iron Mountain in the fourth quarter valued at about $25,000. Johnson Financial Group Inc. acquired a new position in Iron Mountain in the third quarter worth about $32,000. Beaird Harris Wealth Management LLC lifted its stake in Iron Mountain by 17,500.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 350 shares during the period. Bayban acquired a new stake in Iron Mountain during the fourth quarter valued at approximately $33,000. Finally, DV Equities LLC acquired a new stake in Iron Mountain during the fourth quarter valued at approximately $34,000. 80.13% of the stock is owned by institutional investors.

Iron Mountain Stock Performance

Shares of NYSE:IRM opened at $119.24 on Friday. The business has a fifty day moving average of $125.94 and a 200-day moving average of $109.42. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.68. The firm has a market cap of $35.48 billion, a PE ratio of 131.03 and a beta of 1.19.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings results 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 net margin of 3.76% and a negative return on equity of 91.56%. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company earned $1.17 EPS. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. 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. On average, analysts anticipate that Iron Mountain Incorporated will post 5.4 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 15th were paid a dividend of $0.864 per share. This represents a $3.46 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, June 15th. Iron Mountain’s dividend payout ratio is 380.22%.

Insiders Place Their Bets

In related news, EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $126.70, for a total value of $760,200.00. Following the completion of the transaction, the executive vice president owned 113,507 shares in the company, valued at $14,381,336.90. The trade was a 5.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Pamela M. Arway sold 1,892 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $128.97, for a total value of $244,011.24. Following the completion of the transaction, the director owned 40,196 shares in the company, valued at $5,184,078.12. The trade was a 4.50% 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 have sold a total of 137,260 shares of company stock valued at $17,361,672 over the last quarter. Company insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

IRM has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Weiss Ratings raised Iron Mountain from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Barclays upped their price target on Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Wells Fargo & Company lifted their price objective on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of Iron Mountain from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Iron Mountain has a consensus rating of “Moderate Buy” and an average target price of $134.33.

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.