Iron Mountain Incorporated

New York Stock Exchange
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Bullish +65

Bank of New York Mellon Corp Lowers Stake in Iron Mountain Incorporated ...

AI-generated analysis

📉 Bank of New York Mellon Corp reduced its Iron Mountain stake by 3.6%, selling 61,142 shares to hold a remaining position valued at $165.96 million.

📈 Norges Bank purchased a new position in Iron Mountain during the fourth quarter valued at $368.89 million.

📈 Cohen & Steers Inc. increased its stake by 20.0% in the fourth quarter, now owning shares worth $1.57 billion.

📈 UBS Asset Management Americas lifted its position by 597.9% in the third quarter to own shares valued at $322.29 million.

📈 Principal Financial Group Inc. boosted its stake by 66.5% in the fourth quarter, holding shares worth $349.02 million.

📈 Invesco Ltd. increased its position by 18.1% in the third quarter, now owning shares valued at $516.48 million.

💰 Iron Mountain reported Q1 EPS of $0.60, beating the consensus estimate of $0.50.

📊 Revenue for the quarter reached $1.94 billion, surpassing analyst expectations of $1.86 billion.

🚀 Revenue grew 21.5% year-over-year compared to the same period in the previous year.

🎯 Q2 2026 EPS guidance is set at $1.40-$1.40, while FY 2026 guidance ranges from $5.79 to $5.86.

💸 The company paid a quarterly dividend of $0.864 per share with an annualized yield of 2.8%.

📉 Insider sales over the last ninety days totaled $17.36 million, led by director transactions under Rule 10b5-1 plans.

Bullish Signals
  • Iron Mountain beat earnings expectations with Q1 EPS of $0.60 versus a consensus of $0.50.
  • Revenue of $1.94 billion exceeded analyst estimates of $1.86 billion.
  • The company achieved strong revenue growth of 21.5% year-over-year.
  • Multiple major institutional investors, including Norges Bank and Cohen & Steers, significantly increased their stakes.
  • UBS Asset Management Americas dramatically increased its position by nearly 600% in the third quarter.
  • The company provided clear full-year fiscal 2026 guidance of $5.79-$5.86 EPS.
Risk Factors
  • Bank of New York Mellon Corp reduced its stake in Iron Mountain by 3.6% in the first quarter.
  • Insiders sold a total of 137,260 shares worth $17.36 million over the last ninety days.
  • The stock trades at a high price-to-earnings ratio of 135.96.
Full Analysis
Bank of New York Mellon Corp reduced its stake in Iron Mountain Incorporated (NYSE:IRM) by 3.6% in the first quarter, selling 61,142 shares and holding a remaining position valued at $165.96 million. Conversely, several other institutional investors increased their holdings significantly during the third and fourth quarters. Norges Bank initiated a new position worth $368.89 million, while Cohen & Steers Inc. boosted its stake by 20.0% to own shares valued at $1.57 billion. UBS Asset Management Americas also lifted its position by nearly 600%, and Principal Financial Group increased its holding by 66.5%. Iron Mountain reported strong financial performance for the quarter ended April 30th, posting earnings per share of $0.60 against a consensus estimate of $0.50. Revenue reached $1.94 billion, exceeding analyst expectations of $1.86 billion and representing a 21.5% year-over-year increase. The company provided guidance for the second quarter of 2026 with an EPS range of $1.40-$1.40 and full-year fiscal 2026 guidance between $5.79 and $5.86. Analysts currently expect full-year earnings of $5.40. Insider trading activity saw directors Walter C. Rakowich and Pamela M. Arway sell shares under pre-arranged Rule 10b5-1 plans, with total insider sales over the last ninety days reaching $17.36 million. The stock currently trades at a market capitalization of $36.81 billion with a price-to-earnings ratio of 135.96. The company recently paid a quarterly dividend of $0.864 per share, resulting in an annualized yield of 2.8% and a payout ratio of 379.12%.