Iron Mountain Incorporated (NYSE:IRM) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its stake in Iron Mountain Incorporated (NYSE:IRM) by 0.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 174,102 shares of the financial services provider’s stock after buying an additional 910 shares during the period. State of Alaska Department of Revenue’s holdings in Iron Mountain were worth $18,298,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of IRM. Ashton Thomas Securities LLC bought a new position in shares of Iron Mountain in the third quarter valued at approximately $31,000. West Branch Capital LLC acquired a new stake in Iron Mountain in the third quarter worth approximately $33,000. Teachers Insurance & Annuity Association of America bought a new position in Iron Mountain during the 3rd quarter valued at $36,000. Dunhill Financial LLC increased its position in shares of Iron Mountain by 50.5% during the 3rd quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 152 shares during the period. Finally, Quarry LP raised its stake in shares of Iron Mountain by 86.5% in the 3rd quarter. Quarry LP now owns 496 shares of the financial services provider’s stock worth $59,000 after buying an additional 230 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. BNP Paribas raised Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Wells Fargo & Company reduced their price objective 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. Royal Bank of Canada boosted their target price on shares of Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. StockNews.com cut shares of Iron Mountain from a “hold” rating to a “sell” rating in a report on Tuesday, January 28th. Finally, Barclays dropped their price target on Iron Mountain from $131.00 to $130.00 and set an “overweight” rating on the stock in a 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 company’s stock. According to data from MarketBeat, Iron Mountain presently has a consensus rating of “Moderate Buy” and an average target price of $129.17.

Iron Mountain Price Performance

IRM stock opened at $103.87 on Thursday. The firm has a market capitalization of $30.48 billion, a P/E ratio of 288.54, a P/E/G ratio of 5.58 and a beta of 1.01. Iron Mountain Incorporated has a 52-week low of $66.20 and a 52-week high of $130.24. The company’s 50 day simple moving average is $108.03 and its 200-day simple moving average is $112.61.

Insiders Place Their Bets

In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $117.96, for a total transaction of $1,872,615.00. Following the completion of the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at approximately $34,874,874. This trade represents a 5.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mithu Bhargava sold 8,263 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $104.49, for a total value of $863,400.87. Following the completion of the transaction, the executive vice president now owns 13,054 shares in the company, valued at $1,364,012.46. This represents a 38.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 194,141 shares of company stock worth $20,567,176. Corporate 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.