Yousif Capital Management LLC raised its position in shares of Iron Mountain Incorporated (NYSE:IRM – Free Report) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,352 shares of the financial services provider’s stock after purchasing an additional 2,497 shares during the period. Yousif Capital Management LLC’s holdings in Iron Mountain were worth $5,187,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in Iron Mountain in the 3rd quarter worth about $31,000. West Branch Capital LLC bought a new position in Iron Mountain during the third quarter worth about $33,000. Teachers Insurance & Annuity Association of America purchased a new position in shares of Iron Mountain in the third quarter worth about $36,000. Dunhill Financial LLC raised its position in shares of Iron Mountain by 50.5% in the third quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 152 shares during the period. Finally, Quarry LP lifted its stake in shares of Iron Mountain by 86.5% during the 3rd quarter. Quarry LP now owns 496 shares of the financial services provider’s stock valued at $59,000 after buying an additional 230 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
IRM has been the subject of a number of recent research reports. StockNews.com lowered shares of Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday, January 28th. Royal Bank of Canada boosted their price objective on Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Wells Fargo & Company cut their target price on Iron Mountain from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday. BNP Paribas upgraded Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. Finally, Barclays cut 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 report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $129.17.
Iron Mountain Trading Up 2.1 %
Shares of NYSE IRM opened at $106.14 on Friday. The business has a 50-day moving average of $107.66 and a 200-day moving average of $112.56. The firm has a market capitalization of $31.15 billion, a price-to-earnings ratio of 294.84, 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.
Insiders Place Their Bets
In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $118.97, for a total transaction of $1,888,648.75. Following the completion of the sale, the chief executive officer now owns 295,650 shares of the company’s stock, valued at $35,173,480.50. The trade was a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William L. Meaney sold 69,125 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $99.83, for a total value of $6,900,748.75. 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 quarter. Corporate insiders own 2.10% 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.
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