Iron Mountain (NYSE:IRM) Stock: Insider William Meaney Sells 38,474 Shares

Iron Mountain Incorporated (NYSE:IRM) CEO William Meaney sold 38,474 shares of Iron Mountain stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $110.45, for a total transaction of $4,249,453.30. Following the completion of the sale, the chief executive officer owned 38,474 shares of the company’s stock, valued at approximately $4,249,453.30. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Iron Mountain Trading Down 0.9%

NYSE IRM traded down $1.03 during trading hours on Monday, reaching $112.36. 1,581,630 shares of the company traded hands, compared to its average volume of 1,745,151. The stock has a market capitalization of $33.45 billion, a PE ratio of 80.26 and a beta of 1.17. Iron Mountain Incorporated has a 12 month low of $77.77 and a 12 month high of $134.68. The company has a 50 day moving average of $118.80 and a two-hundred day moving average of $119.37.

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

Iron Mountain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.8640 per share. This represents a $3.46 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, September 15th. Iron Mountain’s dividend payout ratio (DPR) is currently 247.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Barclays raised their price objective on Iron Mountain from $143.00 to $144.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 8th. Wall Street Zen lowered shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Rothschild & Co Redburn initiated coverage on shares of Iron Mountain in a report on Monday, September 21st. They set a “buy” rating and a $132.00 target price on the stock. Finally, Truist Financial raised their price target on shares of Iron Mountain from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $139.83.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in IRM. BlackRock Inc. bought a new position in shares of Iron Mountain during the second quarter worth about $4,240,342,000. Cohen & Steers Inc. boosted its stake in Iron Mountain by 20.0% during the 4th quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock valued at $1,568,110,000 after purchasing an additional 3,155,034 shares during the period. Principal Financial Group Inc. boosted its stake in Iron Mountain by 8.5% during the 1st quarter. Principal Financial Group Inc. now owns 4,566,093 shares of the financial services provider’s stock valued at $466,382,000 after purchasing an additional 358,497 shares during the period. Dimensional Fund Advisors LP grew its position in Iron Mountain by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,552,286 shares of the financial services provider’s stock worth $464,931,000 after purchasing an additional 122,927 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in shares of Iron Mountain in the second quarter valued at approximately $409,843,000. 80.13% of the stock is currently owned by institutional investors.

Iron Mountain Company Profile

Iron Mountain Incorporated (NYSE: IRM) is a global information management and data center services company. It helps organizations protect, manage and access physical and digital information, including business records, documents, backup media and other critical assets.

The company provides records storage and retrieval, secure shredding and destruction, information governance, digitization, document management and data migration services. Iron Mountain also operates data centers and offers colocation, hybrid cloud and related infrastructure services.