Key Points
- CEO William Meaney sold 38,474 Iron Mountain shares at an average price of $110.45, generating approximately $4.25 million. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan and reduced his direct holdings by 50%.
- Iron Mountain reported quarterly revenue of $2.03 billion, up 18.5% year over year, while adjusted earnings of $0.60 per share exceeded analyst estimates of $0.54.
- The company pays a quarterly dividend of $0.864 per share, equivalent to an annualized yield of about 3.1%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $139.83.
Iron Mountain Incorporated (NYSE:IRM - Get Free Report) EVP Greg Mcintosh sold 5,000 shares of Iron Mountain stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $110.72, for a total value of $553,600.00. Following the sale, the executive vice president directly owned 70,634 shares in the company, valued at $7,820,596.48. The trade was a 6.61% 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 Stock Down 0.9%
NYSE:IRM opened at $112.36 on Tuesday. The firm has a market capitalization of $33.45 billion, a price-to-earnings ratio of 80.26 and a beta of 1.17. The stock has a fifty day simple moving average of $118.51 and a 200 day simple moving average of $119.40. 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 posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.06. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the business earned $1.24 EPS. The business's quarterly revenue was up 18.5% on a year-over-year basis. 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. Equities analysts predict that Iron Mountain Incorporated will post 5.42 earnings per share for the current year.
Iron Mountain Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th were issued a $0.8640 dividend. This represents a $3.46 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, September 15th. Iron Mountain's payout ratio is 247.14%.
Institutional Trading of Iron Mountain
Hedge funds and other institutional investors have recently modified their holdings of the company. Bell Investment Advisors Inc acquired a new stake in Iron Mountain in the 2nd quarter valued at approximately $26,000. Meeder Asset Management Inc. acquired a new position in Iron Mountain during the second quarter worth $27,000. Wellington Altus USA Inc. acquired a new position in Iron Mountain during the second quarter worth $27,000. Beaird Harris Wealth Management LLC grew its position 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 purchasing an additional 350 shares in the last quarter. Finally, Dynamic Wealth Strategies LLC acquired a new stake in Iron Mountain in the 1st quarter valued at $31,000. Institutional investors and hedge funds own 80.13% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have commented on IRM shares. Truist Financial increased their price objective on Iron Mountain from $140.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, August 27th. Weiss Ratings cut shares of Iron Mountain from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 25th. Rothschild & Co Redburn initiated coverage on shares of Iron Mountain in a research note on Monday, September 21st. They set a "buy" rating and a $132.00 price target for the company. Wall Street Zen cut shares of Iron Mountain from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Finally, Barclays lifted their target price on shares of Iron Mountain from $143.00 to $144.00 and gave the stock an "overweight" rating in a report on Tuesday, September 8th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $139.83.
Check Out Our Latest Report on Iron Mountain
Iron Mountain Company Profile
(
Get Free Report)
Iron Mountain Incorporated (NYSE: IRM) is a global information management and data center services company. It helps organizations protect, manage and access physical and digital information, including business records, documents, backup media and other critical assets.
The company provides records storage and retrieval, secure shredding and destruction, information governance, digitization, document management and data migration services. Iron Mountain also operates data centers and offers colocation, hybrid cloud and related infrastructure services.
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