TFG Advisers LLC Increases Stake in Iron Mountain Incorporated (NYSE:IRM)

TFG Advisers LLC raised its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,754 shares of the financial services provider’s stock after acquiring an additional 491 shares during the quarter. Iron Mountain makes up 0.9% of TFG Advisers LLC’s portfolio, making the stock its 26th largest holding. TFG Advisers LLC’s holdings in Iron Mountain were worth $2,602,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of IRM. Czech National Bank lifted its position in Iron Mountain by 7.0% during the third quarter. Czech National Bank now owns 59,755 shares of the financial services provider’s stock valued at $7,101,000 after purchasing an additional 3,896 shares in the last quarter. Atomi Financial Group Inc. lifted its position in shares of Iron Mountain by 10.2% during the 3rd quarter. Atomi Financial Group Inc. now owns 4,276 shares of the financial services provider’s stock valued at $508,000 after buying an additional 396 shares in the last quarter. Wedmont Private Capital increased its holdings in Iron Mountain by 18.2% in the 3rd quarter. Wedmont Private Capital now owns 3,077 shares of the financial services provider’s stock worth $359,000 after acquiring an additional 473 shares in the last quarter. Tobam purchased a new stake in Iron Mountain in the 3rd quarter worth approximately $81,000. Finally, Private Advisory Group LLC purchased a new position in Iron Mountain during the third quarter valued at approximately $1,201,000. Institutional investors own 80.13% of the company’s stock.

Iron Mountain Trading Down 0.1 %

Shares of IRM opened at $106.13 on Friday. The firm has a fifty day moving average price of $107.31 and a 200-day moving average price of $112.61. The firm has a market capitalization of $31.14 billion, a P/E ratio of 294.81, a P/E/G ratio of 5.58 and a beta of 1.01. Iron Mountain Incorporated has a 12-month low of $66.20 and a 12-month high of $130.24.

Insider Buying and Selling at Iron Mountain

In other news, CEO William L. Meaney sold 69,131 shares of Iron Mountain stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $104.85, for a total transaction of $7,248,385.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William L. Meaney sold 15,875 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $118.97, for a total value of $1,888,648.75. Following the transaction, the chief executive officer now owns 295,650 shares in the company, valued at $35,173,480.50. The trade was a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 178,266 shares of company stock valued at $18,694,561 in the last three months. Company insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

IRM has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of Iron Mountain from $131.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Royal Bank of Canada increased their price target on Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. StockNews.com downgraded Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday, January 28th. Wells Fargo & Company reduced their price objective on shares of Iron Mountain from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, BNP Paribas upgraded shares of Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.17.

Iron Mountain Company Profile

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.