Key Points
- CEO William Meaney sold 38,474 Iron Mountain shares on June 1 at an average price of $127.55, for total proceeds of about $4.9 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Iron Mountain shares rose 1.5% and recently traded around $128.32, near the stock’s 52-week high of $134.09. The company has a market value of about $38.2 billion.
- The company beat quarterly expectations with Q1 revenue of $1.94 billion and EPS of $0.60, and it also announced a quarterly dividend of $0.864 per share payable July 3. Analysts currently rate the stock a Moderate Buy with an average target price of $131.67.
Iron Mountain Incorporated (NYSE:IRM - Get Free Report) EVP Mark Kidd sold 6,000 shares of the business's stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $126.70, for a total transaction of $760,200.00. Following the completion of the sale, the executive vice president owned 113,507 shares of the company's stock, valued at approximately $14,381,336.90. The trade was a 5.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mark Kidd also recently made the following trade(s):
- On Friday, May 8th, Mark Kidd sold 6,000 shares of Iron Mountain stock. The stock was sold at an average price of $127.91, for a total transaction of $767,460.00.
- On Wednesday, April 1st, Mark Kidd sold 6,000 shares of Iron Mountain stock. The stock was sold at an average price of $102.71, for a total transaction of $616,260.00.
Iron Mountain Stock Up 1.5%
IRM opened at $128.32 on Wednesday. Iron Mountain Incorporated has a 52-week low of $77.77 and a 52-week high of $134.09. The company has a 50 day moving average of $116.32 and a two-hundred day moving average of $101.52. The company has a market cap of $38.18 billion, a P/E ratio of 141.01 and a beta of 1.19.
Iron Mountain (NYSE:IRM - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the firm earned $1.17 earnings per share. Iron Mountain's revenue for the quarter 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. Research analysts anticipate that Iron Mountain Incorporated will post 5.4 earnings per share for the current year.
Iron Mountain Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Monday, June 15th will be paid a dividend of $0.864 per share. This represents a $3.46 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, June 15th. Iron Mountain's payout ratio is currently 380.22%.
Analyst Upgrades and Downgrades
IRM has been the subject of several research reports. Wells Fargo & Company boosted their price objective on shares of Iron Mountain from $125.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 21st. Zacks Research upgraded shares of Iron Mountain from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 12th. Truist Financial set a $140.00 target price on shares of Iron Mountain in a research note on Friday, May 1st. JPMorgan Chase & Co. upped their target price on shares of Iron Mountain from $121.00 to $138.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. Finally, Loop Capital set a $130.00 target price on shares of Iron Mountain in a research note on Wednesday, March 4th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Iron Mountain currently has an average rating of "Moderate Buy" and an average target price of $131.67.
Get Our Latest Report on IRM
Institutional Trading of Iron Mountain
Institutional investors have recently added to or reduced their stakes in the stock. Dynamic Wealth Strategies LLC acquired a new stake in Iron Mountain in the first quarter valued at $31,000. Garton & Associates Financial Advisors LLC acquired a new stake in Iron Mountain in the fourth quarter valued at $25,000. Johnson Financial Group Inc. acquired a new stake in Iron Mountain in the third quarter valued at $32,000. Beaird Harris Wealth Management LLC raised its holdings in Iron Mountain by 17,500.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 350 shares in the last quarter. Finally, Bayban acquired a new stake in Iron Mountain in the fourth quarter valued at $33,000. 80.13% of the stock is owned by institutional investors and hedge funds.
Iron Mountain Company Profile
(
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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