Greenleaf Trust Boosts Position in Iron Mountain Incorporated (NYSE:IRM)

Greenleaf Trust increased its holdings in Iron Mountain Incorporated (NYSE:IRM) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,551 shares of the financial services provider’s stock after buying an additional 165 shares during the period. Greenleaf Trust’s holdings in Iron Mountain were worth $794,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in IRM. Ashton Thomas Securities LLC purchased a new position in shares of Iron Mountain during the 3rd quarter worth approximately $31,000. West Branch Capital LLC purchased a new position in Iron Mountain during the third quarter worth $33,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Iron Mountain in the third quarter worth $36,000. Dunhill Financial LLC lifted 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 acquiring an additional 152 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of Iron Mountain by 86.5% during the third quarter. Quarry LP now owns 496 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 230 shares during the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on IRM shares. Barclays reduced their target price on shares of Iron Mountain from $131.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. StockNews.com downgraded Iron Mountain from a “hold” rating to a “sell” rating in a research report on Tuesday, January 28th. BNP Paribas raised Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. Wells Fargo & Company dropped 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. Finally, Royal Bank of Canada raised 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. One analyst has rated the stock with a sell rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Iron Mountain presently has an average rating of “Moderate Buy” and an average price target of $129.17.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, EVP Mithu Bhargava sold 8,263 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $104.49, for a total transaction of $863,400.87. Following the transaction, the executive vice president now owns 13,054 shares in the company, valued at $1,364,012.46. The trade was a 38.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William L. Meaney sold 15,875 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $117.96, for a total value of $1,872,615.00. Following the completion of the sale, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at $34,874,874. The trade was a 5.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 125,016 shares of company stock valued at $13,666,427 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.

Iron Mountain Stock Performance

Shares of NYSE:IRM opened at $101.31 on Wednesday. The stock has a 50-day simple moving average of $108.43 and a 200-day simple moving average of $112.67. The stock has a market capitalization of $29.73 billion, a P/E ratio of 281.42, a PEG ratio of 5.58 and a beta of 1.01. Iron Mountain Incorporated has a 1 year low of $66.20 and a 1 year high of $130.24.

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.