Iron Mountain Incorporated (NYSE:IRM) Given Average Rating of “Moderate Buy” by Analysts

Shares of Iron Mountain Incorporated (NYSE:IRM) have earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $115.40.

A number of analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Iron Mountain from $100.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Barclays reissued an “overweight” rating and issued a $126.00 price objective on shares of Iron Mountain in a research note on Tuesday, January 13th. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research report on Wednesday, October 8th.

Iron Mountain Stock Performance

Iron Mountain stock opened at $93.91 on Friday. The stock has a market capitalization of $27.76 billion, a price-to-earnings ratio of 177.19 and a beta of 1.13. Iron Mountain has a 52-week low of $72.33 and a 52-week high of $112.18. The stock’s 50 day moving average price is $85.81 and its two-hundred day moving average price is $94.11.

Iron Mountain (NYSE:IRM) last released its earnings results on Wednesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.03. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. Iron Mountain had a net margin of 2.40% and a negative return on equity of 112.70%. Iron Mountain’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.13 EPS. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. On average, equities research analysts forecast that Iron Mountain will post 4.54 EPS for the current year.

Iron Mountain Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th were issued a dividend of $0.864 per share. This is an increase from Iron Mountain’s previous quarterly dividend of $0.79. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, December 15th. Iron Mountain’s dividend payout ratio is 652.83%.

Insider Activity

In other news, CEO William L. Meaney sold 38,482 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $83.17, for a total value of $3,200,547.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $83.10, for a total value of $498,600.00. Following the completion of the transaction, the executive vice president owned 55,081 shares in the company, valued at $4,577,231.10. This represents a 9.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 202,038 shares of company stock valued at $18,424,270. 1.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Iron Mountain

Several large investors have recently bought and sold shares of IRM. Sei Investments Co. increased its holdings in shares of Iron Mountain by 4.2% in the 2nd quarter. Sei Investments Co. now owns 885,080 shares of the financial services provider’s stock worth $90,783,000 after buying an additional 35,301 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Iron Mountain by 11.9% in the second quarter. PNC Financial Services Group Inc. now owns 65,386 shares of the financial services provider’s stock worth $6,707,000 after acquiring an additional 6,937 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its stake in Iron Mountain by 17.2% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 103,960 shares of the financial services provider’s stock valued at $10,598,000 after acquiring an additional 15,225 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Iron Mountain by 47.6% during the third quarter. Nisa Investment Advisors LLC now owns 125,142 shares of the financial services provider’s stock valued at $12,863,000 after purchasing an additional 40,341 shares in the last quarter. Finally, Tectonic Advisors LLC lifted its stake in Iron Mountain by 15.6% during the third quarter. Tectonic Advisors LLC now owns 148,375 shares of the financial services provider’s stock worth $15,125,000 after purchasing an additional 19,999 shares during the last quarter. 80.13% of the stock is currently owned by institutional investors.

About Iron Mountain

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.