Focus Partners Advisor Solutions LLC Invests $843,000 in Iron Mountain Incorporated $IRM

Focus Partners Advisor Solutions LLC bought a new position in shares of Iron Mountain Incorporated (NYSE:IRM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,674 shares of the financial services provider’s stock, valued at approximately $843,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Garton & Associates Financial Advisors LLC acquired a new position in Iron Mountain during the 4th quarter worth approximately $25,000. Beaird Harris Wealth Management LLC raised its holdings in shares of Iron Mountain by 17,500.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 350 shares in the last quarter. Dynamic Wealth Strategies LLC acquired a new stake in shares of Iron Mountain in the 1st quarter valued at $31,000. Johnson Financial Group Inc. purchased a new stake in shares of Iron Mountain during the 3rd quarter worth $32,000. Finally, Bayban acquired a new position in shares of Iron Mountain during the fourth quarter worth $33,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wells Fargo & Company increased their target price on Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Weiss Ratings raised Iron Mountain from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Barclays increased their price objective on Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Truist Financial set a $140.00 target price on Iron Mountain in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. upped their price target on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $135.17.

Iron Mountain Stock Performance

Iron Mountain stock opened at $129.80 on Tuesday. The stock has a 50-day simple moving average of $124.68 and a 200-day simple moving average of $116.38. The company has a market capitalization of $38.64 billion, a P/E ratio of 92.71 and a beta of 1.20. Iron Mountain Incorporated has a fifty-two week low of $77.77 and a fifty-two week high of $134.68.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 earnings per share. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. As a group, analysts forecast that Iron Mountain Incorporated will post 5.42 earnings per share for the current year.

Iron Mountain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th will be paid a $0.864 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.7%. Iron Mountain’s payout ratio is currently 247.14%.

Insider Buying and Selling at Iron Mountain

In related news, Director Walter C. Rakowich sold 757 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $124.45, for a total value of $94,208.65. Following the transaction, the director owned 1,135 shares in the company, valued at $141,250.75. The trade was a 40.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Daniel Borges sold 7,189 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $125.50, for a total value of $902,219.50. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 135,368 shares of company stock valued at $16,807,080 over the last ninety days. 1.70% of the stock is currently owned by corporate insiders.

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.