Affinity Investment Advisors LLC Makes New Investment in Iron Mountain Incorporated (NYSE:IRM)

Affinity Investment Advisors LLC purchased a new stake in Iron Mountain Incorporated (NYSE:IRM) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 2,013 shares of the financial services provider’s stock, valued at approximately $239,000.

Other large investors also recently made changes to their positions in the company. West Branch Capital LLC acquired a new position in Iron Mountain in the third quarter valued at $33,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Iron Mountain during the 2nd quarter valued at about $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Iron Mountain in the second quarter worth approximately $36,000. Headlands Technologies LLC purchased a new stake in Iron Mountain in the first quarter valued at approximately $38,000. Finally, Family Firm Inc. acquired a new position in Iron Mountain during the second quarter worth approximately $45,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Insider Buying and Selling

In related news, EVP Edward Baker-Greene sold 2,262 shares of Iron Mountain stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $109.75, for a total value of $248,254.50. Following the completion of the transaction, the executive vice president now directly owns 9,049 shares in the company, valued at approximately $993,127.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Iron Mountain news, EVP Edward Baker-Greene sold 2,262 shares of the business’s stock in a transaction 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 owns 9,049 shares in the company, valued at $993,127.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William L. Meaney sold 15,875 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $117.36, for a total transaction of $1,863,090.00. Following the sale, the chief executive officer now owns 295,650 shares in the company, valued at approximately $34,697,484. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,637 shares of company stock worth $3,210,575. Insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Iron Mountain Trading Down 2.1 %

NYSE:IRM opened at $121.16 on Friday. The business’s 50-day moving average is $118.54 and its two-hundred day moving average is $100.03. The firm has a market capitalization of $35.54 billion, a PE ratio of 155.34, a price-to-earnings-growth ratio of 7.65 and a beta of 1.00. Iron Mountain Incorporated has a 12 month low of $57.36 and a 12 month high of $130.24. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.79 and a quick ratio of 0.79.

Iron Mountain (NYSE:IRM) last released its quarterly earnings results 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 return on equity of 595.44% and a net margin of 3.94%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm posted $0.94 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. Research analysts predict that Iron Mountain Incorporated will post 4.17 earnings per share for the current fiscal year.

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.