Chicago Partners Investment Group LLC Purchases 191 Shares of Iron Mountain Incorporated (NYSE:IRM)

Chicago Partners Investment Group LLC lifted its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 5.8% in the third quarter, HoldingsChannel.com reports. The fund owned 3,478 shares of the financial services provider’s stock after buying an additional 191 shares during the period. Chicago Partners Investment Group LLC’s holdings in Iron Mountain were worth $437,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Iron Mountain in the 2nd quarter valued at approximately $32,000. West Branch Capital LLC bought a new stake in Iron Mountain in the third quarter worth about $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Iron Mountain in the second quarter worth about $36,000. Headlands Technologies LLC bought a new stake in shares of Iron Mountain in the first quarter valued at approximately $38,000. Finally, Family Firm Inc. bought a new stake in shares of Iron Mountain in the second quarter valued at approximately $45,000. Institutional investors own 80.13% of the company’s stock.

Insider Activity at Iron Mountain

In other Iron Mountain news, 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 value of $248,254.50. Following the sale, the executive vice president now owns 9,049 shares in the company, valued at approximately $993,127.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $117.36, for a total value of $1,863,090.00. Following the completion of the sale, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at $34,697,484. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $248,254.50. Following the transaction, the executive vice president now owns 9,049 shares of the company’s stock, valued at approximately $993,127.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,637 shares of company stock worth $3,210,575 over the last quarter. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

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

Iron Mountain Stock Performance

IRM opened at $122.35 on Tuesday. Iron Mountain Incorporated has a 52-week low of $58.55 and a 52-week 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 cap of $35.89 billion, a P/E ratio of 156.86, a price-to-earnings-growth ratio of 7.41 and a beta of 0.99. The firm’s 50-day moving average price is $118.54 and its 200-day moving average price is $100.38.

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.