21,343 Shares in Iron Mountain Incorporated $IRM Bought by NewEdge Wealth LLC

NewEdge Wealth LLC acquired a new position in Iron Mountain Incorporated (NYSE:IRM) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 21,343 shares of the financial services provider’s stock, valued at approximately $2,696,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Iron Mountain by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider’s stock valued at $2,573,000 after acquiring an additional 1,286 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Iron Mountain by 10.3% in the first quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock worth $493,000 after acquiring an additional 537 shares in the last quarter. Woodline Partners LP boosted its holdings in Iron Mountain by 41.0% in the first quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider’s stock valued at $2,129,000 after purchasing an additional 7,193 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Iron Mountain by 29.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 300 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in Iron Mountain by 3.6% during the 2nd quarter. Cerity Partners LLC now owns 35,292 shares of the financial services provider’s stock valued at $3,620,000 after purchasing an additional 1,222 shares in the last quarter. 80.13% of the stock is owned by hedge funds and other institutional investors.

Iron Mountain Stock Up 0.8%

NYSE:IRM opened at $123.09 on Friday. The business’s 50 day moving average is $124.62 and its two-hundred day moving average is $117.04. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week high of $134.68. The company has a market cap of $36.64 billion, a PE ratio of 87.92 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last issued its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.54 by $0.06. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.97 billion. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The business’s revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.24 EPS. 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, sell-side analysts expect that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 15th. Iron Mountain’s dividend payout ratio is 247.14%.

Wall Street Analyst Weigh In

Several research firms have issued reports on IRM. Weiss Ratings upgraded Iron Mountain from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. raised their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Barclays lifted their price target on shares of Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. Wells Fargo & Company increased their price objective on shares of Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen lowered shares of Iron Mountain from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $135.17.

Insiders Place Their Bets

In other news, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $122.70, for a total value of $736,200.00. Following the transaction, the executive vice president directly owned 101,507 shares in the company, valued at approximately $12,454,908.90. This trade represents a 5.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of Iron Mountain stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $121.67, for a total transaction of $4,681,131.58. Following the completion of the transaction, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at $4,681,131.58. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 127,422 shares of company stock worth $15,810,652 over the last three months. 1.70% of the stock is 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.