National Pension Service Raises Position in Iron Mountain Incorporated (NYSE:IRM)

National Pension Service lifted its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 15.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 459,478 shares of the financial services provider’s stock after buying an additional 61,187 shares during the period. National Pension Service owned about 0.16% of Iron Mountain worth $54,600,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of IRM. BSW Wealth Partners bought a new stake in shares of Iron Mountain in the 3rd quarter worth $264,000. Van ECK Associates Corp boosted its holdings in Iron Mountain by 12.3% during the third quarter. Van ECK Associates Corp now owns 50,421 shares of the financial services provider’s stock worth $6,330,000 after purchasing an additional 5,534 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in Iron Mountain in the 3rd quarter worth about $80,000. Prossimo Advisors LLC purchased a new stake in Iron Mountain in the 3rd quarter valued at about $210,000. Finally, Pure Financial Advisors LLC bought a new position in shares of Iron Mountain during the 3rd quarter worth approximately $409,000. Institutional investors own 80.13% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Iron Mountain news, EVP Edward Baker-Greene sold 2,262 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $109.75, for a total transaction of $248,254.50. Following the sale, the executive vice president now owns 9,049 shares in the company, valued at $993,127.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, COO John Tomovcsik sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $110.00, for a total value of $110,000.00. Following the completion of the transaction, the chief operating officer now directly owns 14,000 shares in the company, valued at approximately $1,540,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Edward Baker-Greene sold 2,262 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $109.75, for a total transaction of $248,254.50. Following the sale, the executive vice president now directly owns 9,049 shares in the company, valued at $993,127.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,637 shares of company stock valued at $3,210,575. Company insiders own 2.10% of the company’s stock.

Iron Mountain Price Performance

IRM opened at $125.73 on Wednesday. The firm has a 50-day moving average price of $118.72 and a 200-day moving average price of $100.72. Iron Mountain Incorporated has a twelve month low of $58.55 and a twelve month high of $130.24. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 674.63. The company has a market capitalization of $36.88 billion, a price-to-earnings ratio of 161.19, a PEG ratio of 7.26 and a beta of 0.99.

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.