Key Points
- Iron Mountain director Walter Rakowich sold 757 shares on May 20 at an average price of $124.45, totaling about $94,209. The sale reduced his direct holdings by 40.01% and was made under a pre-arranged Rule 10b5-1 trading plan.
- The company recently reported better-than-expected quarterly results, posting $0.60 EPS versus the $0.50 estimate and revenue of $1.94 billion, up 21.5% year over year. Iron Mountain also issued Q2 2026 and full-year 2026 guidance that was in focus for investors.
- Wall Street remains generally positive on the stock, with a Moderate Buy consensus and an average price target of $131.67. Iron Mountain also announced a quarterly dividend of $0.864 per share, payable July 3, for an annualized yield of 2.7%.
Iron Mountain Incorporated (NYSE:IRM - Get Free Report) Director Walter Rakowich sold 757 shares of Iron Mountain stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total transaction of $94,208.65. Following the completion of the transaction, the director directly owned 1,135 shares of the company's stock, valued at approximately $141,250.75. This trade represents a 40.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Iron Mountain Price Performance
Shares of IRM opened at $127.28 on Friday. The firm has a 50-day moving average of $113.48 and a 200-day moving average of $100.29. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.09. The company has a market cap of $37.87 billion, a PE ratio of 139.86 and a beta of 1.20.
Iron Mountain (NYSE:IRM - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.10. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm posted $1.17 EPS. The company'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. Analysts expect that Iron Mountain Incorporated will post 5.4 earnings per share for the current year.
Iron Mountain Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Monday, June 15th will be given a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. Iron Mountain's dividend payout ratio (DPR) is 380.22%.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on IRM shares. Barclays lifted their price objective on shares of Iron Mountain from $126.00 to $127.00 and gave the company an "overweight" rating in a research report on Monday, February 23rd. Loop Capital set a $130.00 target price on shares of Iron Mountain in a report on Wednesday, March 4th. Truist Financial set a $140.00 target price on shares of Iron Mountain in a report on Friday, May 1st. Zacks Research raised shares of Iron Mountain from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Iron Mountain currently has a consensus rating of "Moderate Buy" and an average target price of $131.67.
Check Out Our Latest Report on Iron Mountain
Hedge Funds Weigh In On Iron Mountain
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Essential Partners LLC boosted its stake in shares of Iron Mountain by 24.4% in the 1st quarter. Essential Partners LLC now owns 561 shares of the financial services provider's stock valued at $57,000 after purchasing an additional 110 shares during the last quarter. Western Wealth Management LLC bought a new position in Iron Mountain during the first quarter worth $143,000. Edgestream Partners L.P. bought a new position in Iron Mountain during the first quarter worth $2,049,000. Anson Funds Management LP bought a new position in Iron Mountain during the first quarter worth $4,310,000. Finally, Bull Harbor Capital LLC bought a new position in Iron Mountain during the first quarter worth $358,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.
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.
Read More
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].
