TCV Trust & Wealth Management Inc. Has $15.32 Million Stock Position in Iron Mountain Incorporated (NYSE:IRM)

TCV Trust & Wealth Management Inc. lowered its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 4.4% during the fourth quarter, HoldingsChannel reports. The fund owned 145,731 shares of the financial services provider’s stock after selling 6,778 shares during the quarter. Iron Mountain makes up about 1.4% of TCV Trust & Wealth Management Inc.’s portfolio, making the stock its 23rd biggest holding. TCV Trust & Wealth Management Inc.’s holdings in Iron Mountain were worth $15,318,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of IRM. Ashton Thomas Securities LLC acquired a new position in shares of Iron Mountain during the third quarter valued at about $31,000. West Branch Capital LLC bought a new position in Iron Mountain during the third quarter valued at about $33,000. Teachers Insurance & Annuity Association of America acquired a new position in Iron Mountain in the 3rd quarter valued at approximately $36,000. Dunhill Financial LLC lifted its position in shares of Iron Mountain by 50.5% in the 3rd quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 152 shares during the period. Finally, Oakworth Capital Inc. acquired a new stake in shares of Iron Mountain during the 4th quarter worth approximately $55,000. 80.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. StockNews.com lowered Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday, January 28th. Royal Bank of Canada increased their price objective on shares of Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Barclays decreased their target price on shares of Iron Mountain from $131.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company dropped their price target on shares of Iron Mountain from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Finally, BNP Paribas raised Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $129.17.

Iron Mountain Trading Down 0.0 %

Shares of Iron Mountain stock opened at $106.20 on Wednesday. The stock has a market capitalization of $31.17 billion, a price-to-earnings ratio of 295.01, a P/E/G ratio of 5.84 and a beta of 1.01. The firm’s 50-day moving average price is $106.72 and its two-hundred day moving average price is $112.92. Iron Mountain Incorporated has a 1-year low of $66.20 and a 1-year high of $130.24.

Insider Buying and Selling

In other Iron Mountain news, CEO William L. Meaney sold 15,872 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $112.99, for a total transaction of $1,793,377.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 completion of the transaction, the executive vice president now directly owns 13,054 shares of the company’s stock, valued at approximately $1,364,012.46. This represents a 38.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 162,391 shares of company stock worth $16,805,912 in the last three months. Insiders own 2.10% of the company’s stock.

Iron Mountain 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.