D.A. Davidson & CO. Increases Position in Iron Mountain Incorporated $IRM

D.A. Davidson & CO. raised its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 17.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,481 shares of the financial services provider’s stock after purchasing an additional 5,832 shares during the period. D.A. Davidson & CO.’s holdings in Iron Mountain were worth $3,931,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Garton & Associates Financial Advisors LLC bought a new position in Iron Mountain during the 4th quarter valued at approximately $25,000. Beaird Harris Wealth Management LLC boosted 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 worth $29,000 after acquiring an additional 350 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in Iron Mountain in the third quarter worth $32,000. Bayban purchased a new stake in shares of Iron Mountain in the fourth quarter worth $33,000. Finally, DV Equities LLC purchased a new stake in shares of Iron Mountain in the fourth quarter worth $34,000. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Iron Mountain Trading Down 0.1%

Iron Mountain stock opened at $123.73 on Monday. Iron Mountain Incorporated has a 12 month low of $77.77 and a 12 month high of $134.68. The stock has a fifty day simple moving average of $125.46 and a two-hundred day simple moving average of $111.17. The firm has a market cap of $36.81 billion, a price-to-earnings ratio of 135.96 and a beta of 1.19.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.10. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the company posted $1.17 earnings per share. The company’s quarterly revenue 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. On average, equities research analysts forecast that Iron Mountain Incorporated will post 5.4 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were paid a dividend of $0.864 per share. The ex-dividend date was Monday, June 15th. This represents a $3.46 annualized dividend and a yield of 2.8%. Iron Mountain’s dividend payout ratio is currently 380.22%.

Insider Buying and Selling at Iron Mountain

In other news, Director Pamela M. Arway sold 1,892 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $128.97, for a total transaction of $244,011.24. Following the completion of the transaction, the director directly owned 40,196 shares of the company’s stock, valued at $5,184,078.12. The trade was a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Daniel Borges sold 7,189 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $125.50, for a total transaction of $902,219.50. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 137,260 shares of company stock worth $17,361,672. 1.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Truist Financial set a $140.00 price target on Iron Mountain in a research report on Friday, May 1st. Wall Street Zen raised shares of Iron Mountain from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Wells Fargo & Company raised their price objective on shares of Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings downgraded shares of Iron Mountain from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Four 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.33.

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.