Key Points
- CEO William Meaney sold 38,474 Iron Mountain shares on May 8 at an average price of $128.93, totaling about $4.96 million. The transaction, disclosed in an SEC filing, was made under a pre-arranged Rule 10b5-1 plan and cut his ownership by 50%.
- Iron Mountain reported stronger-than-expected Q1 earnings, posting $0.60 EPS versus the $0.50 consensus and revenue of $1.94 billion, up 21.5% year over year. The company also issued Q2 2026 and FY 2026 guidance and analysts currently expect full-year EPS of about 5.4.
- The company announced a quarterly dividend of $0.864 per share, payable July 3 to shareholders of record on June 15, implying an annualized dividend of $3.46 and a 2.7% yield. Analysts remain mostly constructive, with a consensus rating of “Moderate Buy” and a price target of $131.67.
Iron Mountain Incorporated (NYSE:IRM - Get Free Report) CEO William Meaney sold 38,474 shares of the business's stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $128.93, for a total value of $4,960,452.82. Following the completion of the sale, the chief executive officer owned 38,474 shares of the company's stock, valued at $4,960,452.82. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Iron Mountain Trading Down 2.8%
Shares of NYSE IRM opened at $126.28 on Wednesday. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.09. The company has a market capitalization of $37.57 billion, a price-to-earnings ratio of 138.77 and a beta of 1.20. The business has a 50 day simple moving average of $110.95 and a 200-day simple moving average of $99.21.
Iron Mountain (NYSE:IRM - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the business earned $1.17 EPS. The business'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. As a group, equities analysts predict that Iron Mountain Incorporated will post 5.4 earnings per share for the current year.
Iron Mountain Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Monday, June 15th will be given a dividend of $0.864 per share. The ex-dividend date is Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.7%. Iron Mountain's payout ratio is currently 380.22%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on IRM shares. Truist Financial set a $140.00 price objective on Iron Mountain in a research report on Friday, May 1st. Wells Fargo & Company boosted their price objective on Iron Mountain from $125.00 to $135.00 and gave the company an "overweight" rating in a research report on Tuesday, April 21st. Zacks Research lowered Iron Mountain from a "hold" rating to a "strong sell" rating in a research report on Monday, April 13th. Barclays boosted their price objective on Iron Mountain from $126.00 to $127.00 and gave the company an "overweight" rating in a research report on Monday, February 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Iron Mountain from $121.00 to $138.00 and gave the company an "overweight" rating in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.67.
Read Our Latest Stock Report on IRM
Institutional Trading of Iron Mountain
Institutional investors have recently modified their holdings of the company. Intact Investment Management Inc. acquired a new stake in shares of Iron Mountain in the third quarter valued at $3,588,000. NewSquare Capital LLC lifted its holdings in shares of Iron Mountain by 4,867.6% in the third quarter. NewSquare Capital LLC now owns 11,823 shares of the financial services provider's stock valued at $1,205,000 after buying an additional 11,585 shares during the period. Fieldview Capital Management LLC acquired a new stake in shares of Iron Mountain in the third quarter valued at $3,092,000. J.W. Cole Advisors Inc. lifted its holdings in shares of Iron Mountain by 54.8% in the third quarter. J.W. Cole Advisors Inc. now owns 33,596 shares of the financial services provider's stock valued at $3,425,000 after buying an additional 11,893 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Iron Mountain by 17.2% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 103,960 shares of the financial services provider's stock valued at $10,598,000 after buying an additional 15,225 shares during the period. Institutional investors and hedge funds own 80.13% of the company's stock.
About Iron Mountain
(
Get Free Report)
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.
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