Iron Mountain Incorporated $IRM Shares Sold by Candriam S.C.A.

Candriam S.C.A. lessened its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 12.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,827 shares of the financial services provider’s stock after selling 7,316 shares during the quarter. Candriam S.C.A.’s holdings in Iron Mountain were worth $5,498,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cohen & Steers Inc. lifted its stake in shares of Iron Mountain by 20.0% in the fourth quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock worth $1,568,110,000 after acquiring an additional 3,155,034 shares in the last quarter. State Street Corp lifted its stake in Iron Mountain by 1.9% during the third quarter. State Street Corp now owns 17,131,787 shares of the financial services provider’s stock worth $1,759,494,000 after purchasing an additional 322,144 shares during the last quarter. Geode Capital Management LLC increased its position in Iron Mountain by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 8,292,653 shares of the financial services provider’s stock worth $685,374,000 after buying an additional 102,073 shares during the period. Invesco Ltd. grew its position in 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 last quarter. Finally, Norges Bank acquired a new position in shares of Iron Mountain during the fourth quarter worth approximately $368,890,000. 80.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IRM has been the subject of a number of analyst reports. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Wells Fargo & Company increased their price target on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Truist Financial set a $140.00 target price on Iron Mountain in a report on Friday, May 1st. Wall Street Zen upgraded shares of Iron Mountain from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Finally, Weiss Ratings downgraded Iron Mountain from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Iron Mountain currently has an average rating of “Moderate Buy” and an average price target of $134.33.

Insider Activity at Iron Mountain

In other news, CEO William L. Meaney sold 38,474 shares of Iron Mountain stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $122.83, for a total transaction of $4,725,761.42. Following the sale, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $4,725,761.42. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 business’s 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 sale, the director directly owned 40,196 shares in the company, valued at approximately $5,184,078.12. This represents a 4.50% 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. Over the last quarter, insiders sold 137,260 shares of company stock valued at $17,361,672. 1.70% of the stock is owned by corporate insiders.

Iron Mountain Stock Performance

Shares of IRM opened at $122.35 on Tuesday. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week high of $134.68. The company has a market capitalization of $36.40 billion, a PE ratio of 134.45 and a beta of 1.19. The company’s 50 day moving average price is $126.01 and its 200 day moving average price is $110.00.

Iron Mountain (NYSE:IRM) last issued its earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share 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 analyst estimates of $1.86 billion. During the same period in the prior year, the firm posted $1.17 EPS. The business’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. On average, equities analysts forecast that Iron Mountain Incorporated will post 5.4 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were given a $0.864 dividend. This represents a $3.46 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, June 15th. Iron Mountain’s payout ratio is currently 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.