Key Points
- Iron Mountain CAO Daniel Borges sold 7,189 shares on May 21 at an average price of $125.50, totaling about $902,219.50. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- The company continues to show strong recent operating results, with quarterly earnings of $0.60 per share beating estimates and revenue of $1.94 billion topping forecasts. Revenue rose 21.5% year over year, and management guided Q2 2026 EPS at 1.400 and FY 2026 EPS at 5.790-5.860.
- Iron Mountain also announced a quarterly dividend of $0.864 per share, payable July 3 to shareholders of record on June 15. That implies an annualized dividend of $3.46 and a yield of about 2.7%.
Iron Mountain Incorporated (NYSE:IRM - Get Free Report) CAO Daniel Borges sold 7,189 shares of the firm's stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $125.50, for a total value of $902,219.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 $128.72 on Wednesday. The stock has a market capitalization of $38.30 billion, a price-to-earnings ratio of 141.45 and a beta of 1.20. Iron Mountain Incorporated has a 1-year low of $77.77 and a 1-year high of $134.09. The business has a fifty day moving average price of $114.69 and a 200-day moving average price of $100.82.
Iron Mountain (NYSE:IRM - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.10. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.86 billion. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The business's quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.17 EPS. 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. On average, equities research analysts anticipate that Iron Mountain Incorporated will post 5.4 earnings per share for the current fiscal year.
Iron Mountain Announces Dividend
The firm 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. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.7%. Iron Mountain's dividend payout ratio (DPR) is presently 380.22%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. Barclays raised their price objective on Iron Mountain from $126.00 to $127.00 and gave the stock an "overweight" rating in a research report on Monday, February 23rd. Truist Financial set a $140.00 price target on Iron Mountain in a research report on Friday, May 1st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Loop Capital set a $130.00 price target on Iron Mountain in a research report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. lifted their price target on Iron Mountain from $121.00 to $138.00 and gave the stock an "overweight" rating in a research report on Friday, May 1st. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $131.67.
Read Our Latest Report on Iron Mountain
Institutional Trading of Iron Mountain
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Intact Investment Management Inc. acquired a new position in shares of Iron Mountain in the 3rd quarter valued at about $3,588,000. NewSquare Capital LLC lifted its holdings in shares of Iron Mountain by 4,867.6% in the 3rd 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 position in shares of Iron Mountain in the 3rd quarter valued at about $3,092,000. J.W. Cole Advisors Inc. lifted its holdings in shares of Iron Mountain by 54.8% in the 3rd 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, AGF Management Ltd. lifted its holdings in shares of Iron Mountain by 178.0% in the 3rd quarter. AGF Management Ltd. now owns 22,185 shares of the financial services provider's stock valued at $2,262,000 after buying an additional 14,205 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.
Further Reading
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