Crescent Grove Advisors LLC Grows Position in Iron Mountain Incorporated (NYSE:IRM)

Crescent Grove Advisors LLC boosted its stake in Iron Mountain Incorporated (NYSE:IRM) by 4.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,843 shares of the financial services provider’s stock after purchasing an additional 571 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Iron Mountain were worth $1,535,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of IRM. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Iron Mountain during the 2nd quarter valued at $32,000. West Branch Capital LLC purchased a new stake in shares of Iron Mountain in the third quarter worth about $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Iron Mountain in the second quarter valued at about $36,000. Headlands Technologies LLC purchased a new stake in shares of Iron Mountain during the 1st quarter valued at about $38,000. Finally, Family Firm Inc. acquired a new position in Iron Mountain during the 2nd quarter worth approximately $45,000. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Iron Mountain Stock Performance

Shares of IRM stock opened at $125.73 on Wednesday. The stock 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 Incorporated has a one year low of $58.55 and a one year high of $130.24. The company’s 50-day simple moving average is $118.72 and its 200-day simple moving average is $100.72. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.79 and a current ratio of 0.79.

Analyst Ratings Changes

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

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, COO John Tomovcsik sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $110.00, for a total transaction of $110,000.00. Following the sale, the chief operating officer now owns 14,000 shares in the company, valued at $1,540,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other Iron Mountain news, COO John Tomovcsik sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $110.00, for a total transaction of $110,000.00. Following the sale, the chief operating officer now owns 14,000 shares in the company, valued at $1,540,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Edward Baker-Greene sold 2,262 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $109.75, for a total value of $248,254.50. Following 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 position. The disclosure for this sale can be found here. Insiders have sold 27,637 shares of company stock worth $3,210,575 over the last quarter. 2.10% of the stock is owned by corporate insiders.

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.