Key Points
- Iron Mountain CEO William Meaney sold 38,474 shares at an average price of $114.08, generating approximately $4.39 million. The Rule 10b5-1 transaction reduced his ownership by 50%, leaving him with 38,474 shares.
- Iron Mountain reported quarterly revenue of $2.03 billion and adjusted earnings of $0.60 per share, exceeding analyst expectations, while revenue rose 18.5% year over year.
- The company declared a quarterly dividend of $0.864 per share, equivalent to a 3.1% annual yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $137.67.
Iron Mountain Incorporated (NYSE:IRM - Get Free Report) EVP Greg Mcintosh sold 5,000 shares of the business's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $115.60, for a total transaction of $578,000.00. Following the completion of the transaction, the executive vice president owned 75,634 shares in the company, valued at $8,743,290.40. The trade was a 6.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Iron Mountain Trading Down 2.0%
Iron Mountain stock opened at $111.96 on Thursday. The firm has a 50-day moving average of $122.80 and a 200-day moving average of $118.54. The firm has a market cap of $33.33 billion, a P/E ratio of 79.97 and a beta of 1.18. Iron Mountain Incorporated has a 1-year low of $77.77 and a 1-year high of $134.68.
Iron Mountain (NYSE:IRM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.06. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.97 billion. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.Iron Mountain's revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.24 EPS. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. Research analysts forecast that Iron Mountain Incorporated will post 5.42 earnings per share for the current fiscal year.
Iron Mountain Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.864 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 annualized dividend and a dividend yield of 3.1%. Iron Mountain's payout ratio is 247.14%.
Trending Headlines about Iron Mountain
Here are the key news stories impacting Iron Mountain this week:
- Positive Sentiment: Iron Mountain expanded its Middle East presence through a partnership with Saudi Arabia’s Social Development Bank. The bank will use Iron Mountain InSight DXP’s AI-powered intelligent document processing to modernize financing workflows, supporting the company’s digital-transformation strategy and potentially creating a foothold for additional regional business. Iron Mountain Expands Footprint in the Middle East with Social Development Bank Partnership
- Positive Sentiment: The company’s latest quarterly results showed strong operating momentum: revenue increased 18.5% year over year to $2.03 billion and earnings per share of $0.60 exceeded the $0.54 consensus estimate. Management also raised full-year 2026 guidance, reinforcing the growth contribution from digital and data-center-related businesses. Iron Mountain Swings To Profit As Growth Businesses Surge
- Neutral Sentiment: Analysts remain generally constructive, with a consensus “Moderate Buy” rating and an average price target of $137.67. However, the target revisions largely follow the August earnings report rather than representing a new catalyst today.
- Negative Sentiment: CEO William Meaney sold 38,474 shares for approximately $4.39 million, reducing his direct ownership by 50%. EVP Mark Kidd sold 6,000 shares and EVP Greg McIntosh sold 5,000 shares. All three transactions were conducted under pre-arranged Rule 10b5-1 plans, which reduces their significance as discretionary bearish bets, but the concentration of executive selling may still weigh on sentiment. Insider Selling at Iron Mountain
- Negative Sentiment: Iron Mountain’s quarterly dividend remains attractive at $0.864 per share, or roughly a 3.1% annualized yield, but its reported payout ratio above 247% may raise questions about earnings-based dividend coverage.
Hedge Funds Weigh In On Iron Mountain
Large investors have recently made changes to their positions in the business. Corient Private Wealth LP boosted its position in shares of Iron Mountain by 2.0% in the 2nd quarter. Corient Private Wealth LP now owns 216,659 shares of the financial services provider's stock worth $27,366,000 after purchasing an additional 4,341 shares in the last quarter. Amundi grew its stake in shares of Iron Mountain by 7.0% in the 2nd quarter. Amundi now owns 1,168,430 shares of the financial services provider's stock worth $147,584,000 after buying an additional 76,856 shares during the last quarter. Brown Financial Advisors increased its position in Iron Mountain by 3.6% during the 2nd quarter. Brown Financial Advisors now owns 2,580 shares of the financial services provider's stock valued at $326,000 after buying an additional 90 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Iron Mountain during the second quarter valued at $55,804,000. Finally, California State Teachers Retirement System raised its stake in Iron Mountain by 12,879.2% during the second quarter. California State Teachers Retirement System now owns 54,885,358 shares of the financial services provider's stock valued at $6,932,570,000 after buying an additional 54,462,487 shares during the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Wells Fargo & Company raised their price target on Iron Mountain from $135.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Wall Street Zen downgraded shares of Iron Mountain from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Barclays upped their price objective on shares of Iron Mountain from $127.00 to $143.00 and gave the stock an "overweight" rating in a report on Wednesday, July 1st. Zacks Research raised shares of Iron Mountain from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings lowered shares of Iron Mountain from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 25th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Iron Mountain has an average rating of "Moderate Buy" and a consensus price target of $137.67.
Check Out Our Latest Report on IRM
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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