Key Points
- Insider sale: Iron Mountain director Pamela Arway sold 1,892 shares on May 12 at an average price of $128.97, totaling about $244,011. After the sale, she still held 40,196 shares.
- Strong quarterly results: Iron Mountain reported Q1 earnings of $0.60 per share, topping estimates, and revenue of $1.94 billion, also above forecasts. Revenue rose 21.5% year over year.
- Dividend and outlook: The company declared a quarterly dividend of $0.864 per share, or $3.46 annually, for a 2.7% yield. Analysts currently rate the stock a Moderate Buy with an average price target of $131.67.
Iron Mountain Incorporated (NYSE:IRM - Get Free Report) Director Pamela Arway sold 1,892 shares of Iron Mountain stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $128.97, for a total transaction of $244,011.24. Following the sale, the director owned 40,196 shares of the company's stock, valued at $5,184,078.12. The trade was a 4.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Iron Mountain Price Performance
Iron Mountain stock opened at $126.09 on Thursday. The stock has a market cap of $37.51 billion, a price-to-earnings ratio of 138.56 and a beta of 1.20. The firm has a 50-day moving average of $111.27 and a two-hundred day moving average of $99.37. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.09.
Iron Mountain (NYSE:IRM - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.10. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.Iron Mountain's quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.17 earnings per share. 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. Research analysts expect that Iron Mountain Incorporated will post 5.4 earnings per share for the current year.
Iron Mountain Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Monday, June 15th will be paid a $0.864 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.7%. Iron Mountain's dividend payout ratio is 380.22%.
Wall Street Analyst Weigh In
IRM has been the topic of several research reports. Truist Financial set a $140.00 price objective on shares of Iron Mountain in a report on Friday, May 1st. Weiss Ratings reiterated a "hold (c)" rating on shares of Iron Mountain in a report on Tuesday, April 21st. Zacks Research upgraded Iron Mountain from a "strong sell" rating to a "hold" rating in a research note on Tuesday. Loop Capital set a $130.00 target price on Iron Mountain in a research note on Wednesday, March 4th. Finally, Wells Fargo & Company raised their price target on shares of Iron Mountain from $125.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $131.67.
Check Out Our Latest Research Report on IRM
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in IRM. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Iron Mountain during the fourth quarter worth $25,000. Quent Capital LLC purchased a new position in Iron Mountain in the 3rd quarter worth $27,000. Beaird Harris Wealth Management LLC grew its stake in Iron Mountain by 17,500.0% during 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 during the last quarter. Dynamic Wealth Strategies LLC purchased a new position in shares of Iron Mountain in the first quarter worth about $31,000. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Iron Mountain during the third quarter worth about $32,000. Hedge funds and other institutional investors 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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
