Iron Mountain Incorporated (NYSE:IRM) Shares Bought by Greenleaf Trust

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

A number of other hedge funds have also made changes to their positions in IRM. Czech National Bank increased its stake in Iron Mountain by 7.0% in the third quarter. Czech National Bank now owns 59,755 shares of the financial services provider’s stock valued at $7,101,000 after purchasing an additional 3,896 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Iron Mountain by 27.4% in the 3rd quarter. GAMMA Investing LLC now owns 3,794 shares of the financial services provider’s stock valued at $451,000 after buying an additional 815 shares during the last quarter. Diversified Trust Co raised its stake in Iron Mountain by 148.4% during the 3rd quarter. Diversified Trust Co now owns 12,168 shares of the financial services provider’s stock worth $1,446,000 after acquiring an additional 7,270 shares in the last quarter. Fulton Bank N.A. purchased a new stake in Iron Mountain in the third quarter valued at $229,000. Finally, City Center Advisors LLC acquired a new position in Iron Mountain in the third quarter valued at $224,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Iron Mountain Stock Performance

IRM stock opened at $101.31 on Wednesday. Iron Mountain Incorporated has a one year low of $66.20 and a one year high of $130.24. The company has a fifty day moving average of $108.43 and a 200-day moving average of $112.67. The stock has a market capitalization of $29.73 billion, a PE ratio of 281.42, a price-to-earnings-growth ratio of 5.58 and a beta of 1.01.

Insider Activity at Iron Mountain

In other news, EVP Mithu Bhargava sold 8,263 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $104.49, for a total value of $863,400.87. Following the completion of the sale, the executive vice president now directly owns 13,054 shares of the company’s stock, valued at $1,364,012.46. This trade represents a 38.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William L. Meaney sold 15,875 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $118.97, for a total value of $1,888,648.75. Following the completion of the transaction, the chief executive officer now owns 295,650 shares of the company’s stock, valued at $35,173,480.50. The trade was a 5.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 125,016 shares of company stock worth $13,666,427 over the last 90 days. Company insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

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

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.