Measured Wealth Private Client Group LLC Has $1.15 Million Stake in Iron Mountain Incorporated (NYSE:IRM)

Measured Wealth Private Client Group LLC lowered its position in Iron Mountain Incorporated (NYSE:IRM) by 8.2% during the third quarter, Holdings Channel reports. The firm owned 9,657 shares of the financial services provider’s stock after selling 864 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Iron Mountain were worth $1,148,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of IRM. Norden Group LLC acquired a new position in shares of Iron Mountain during the 1st quarter valued at $657,000. First Trust Direct Indexing L.P. lifted its position in shares of Iron Mountain by 6.2% during the 1st quarter. First Trust Direct Indexing L.P. now owns 6,114 shares of the financial services provider’s stock valued at $490,000 after acquiring an additional 356 shares during the period. Private Advisor Group LLC lifted its position in shares of Iron Mountain by 2.1% during the 1st quarter. Private Advisor Group LLC now owns 85,108 shares of the financial services provider’s stock valued at $6,827,000 after acquiring an additional 1,778 shares during the period. Diversify Advisory Services LLC acquired a new position in shares of Iron Mountain during the 1st quarter valued at $544,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Iron Mountain by 2.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 356,750 shares of the financial services provider’s stock valued at $28,615,000 after acquiring an additional 9,184 shares during the period. Institutional investors and hedge funds own 80.13% of the company’s stock.

Wall Street Analysts Forecast Growth

IRM has been the topic of several research reports. The Goldman Sachs Group upped their price objective on shares of Iron Mountain from $106.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Wells Fargo & Company upped their price objective on shares of Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. upped their price objective on shares of Iron Mountain from $82.00 to $121.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Barclays upped their target price on shares of Iron Mountain from $91.00 to $133.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Finally, Stifel Nicolaus upped their target price on shares of Iron Mountain from $117.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Iron Mountain has an average rating of “Moderate Buy” and an average target price of $115.50.

Iron Mountain Price Performance

IRM opened at $125.10 on Thursday. The firm has a market cap of $36.70 billion, a P/E ratio of 163.65, a PEG ratio of 7.42 and a beta of 1.00. The firm has a 50-day moving average of $118.16 and a 200 day moving average of $99.54. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.79 and a current ratio of 0.79. Iron Mountain Incorporated has a fifty-two week low of $57.36 and a fifty-two week high of $130.24.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.42 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.59). Iron Mountain had a net margin of 3.94% and a return on equity of 595.44%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the company earned $0.94 earnings per share. Iron Mountain’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, research analysts expect that Iron Mountain Incorporated will post 4.17 EPS for the current year.

Insider Transactions at Iron Mountain

In other news, EVP Edward Baker-Greene sold 2,262 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $109.75, for a total value of $248,254.50. Following the sale, the executive vice president now directly owns 9,049 shares of the company’s stock, valued at approximately $993,127.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO William L. Meaney sold 15,875 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $117.36, for a total value of $1,863,090.00. Following the sale, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at $34,697,484. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Edward Baker-Greene sold 2,262 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $109.75, for a total transaction of $248,254.50. Following the completion of the sale, the executive vice president now directly owns 9,049 shares in the company, valued at $993,127.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,637 shares of company stock valued at $3,210,575. 2.10% of the stock is currently owned by corporate insiders.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers’ work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.