William L. Meaney Sells 69,125 Shares of Iron Mountain Incorporated (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRM) CEO William L. Meaney sold 69,125 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $99.83, for a total transaction of $6,900,748.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

William L. Meaney also recently made the following trade(s):

• On Thursday, January 2nd, William L. Meaney sold 69,131 shares of Iron Mountain stock. The shares were sold at an average price of $104.85, for a total value of $7,248,385.35.
• On Wednesday, December 11th, William L. Meaney sold 15,872 shares of Iron Mountain stock. The shares were sold at an average price of $112.99, for a total transaction of $1,793,377.28.

Iron Mountain Trading Up 2.6 %

NYSE:IRM traded up $2.60 on Wednesday, reaching $103.87. 1,061,002 shares of the stock traded hands, compared to its average volume of 1,888,391. The company has a market capitalization of $30.48 billion, a price-to-earnings ratio of 288.54, a PEG 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. The company’s fifty day simple moving average is $108.43 and its 200 day simple moving average is $112.67.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on IRM shares. StockNews.com cut Iron Mountain from a “hold” rating to a “sell” rating in a report on Tuesday, January 28th. Wells Fargo & Company cut their price objective on shares of Iron Mountain from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday. Royal Bank of Canada lifted their target price on shares of Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Barclays cut their price target on shares of Iron Mountain from $131.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Finally, BNP Paribas raised Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Iron Mountain presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.17.

Institutional Trading of Iron Mountain

A number of institutional investors have recently made changes to their positions in the stock. OneDigital Investment Advisors LLC lifted its position in Iron Mountain by 1.5% during the third quarter. OneDigital Investment Advisors LLC now owns 5,986 shares of the financial services provider’s stock valued at $711,000 after purchasing an additional 89 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Iron Mountain by 0.8% in the third quarter. Assenagon Asset Management S.A. now owns 11,372 shares of the financial services provider’s stock worth $1,351,000 after buying an additional 92 shares during the period. Geller Advisors LLC grew its stake in shares of Iron Mountain by 2.9% during the 3rd quarter. Geller Advisors LLC now owns 3,373 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 96 shares during the period. Schmidt P J Investment Management Inc. increased its holdings in Iron Mountain by 3.6% in the 3rd quarter. Schmidt P J Investment Management Inc. now owns 2,860 shares of the financial services provider’s stock worth $340,000 after acquiring an additional 100 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Iron Mountain by 0.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 25,159 shares of the financial services provider’s stock valued at $2,644,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 80.13% of the company’s stock.

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.