Iron Mountain Incorporated (NYSE:IRM) Position Cut by Avion Wealth

Avion Wealth trimmed its holdings in Iron Mountain Incorporated (NYSE:IRM) by 23.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 699 shares of the financial services provider’s stock after selling 213 shares during the quarter. Avion Wealth’s holdings in Iron Mountain were worth $73,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IRM. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Iron Mountain by 689.7% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,061 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 1,800 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in Iron Mountain by 4,950.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 3,636 shares of the financial services provider’s stock valued at $432,000 after purchasing an additional 3,564 shares in the last quarter. ORG Wealth Partners LLC bought a new position in Iron Mountain during the 3rd quarter valued at $98,000. ORG Partners LLC boosted its stake in Iron Mountain by 248.2% during the 3rd quarter. ORG Partners LLC now owns 5,603 shares of the financial services provider’s stock valued at $666,000 after purchasing an additional 3,994 shares in the last quarter. Finally, Wesbanco Bank Inc. bought a new position in Iron Mountain during the 3rd quarter valued at $236,000. 80.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IRM. Barclays reduced their price objective on Iron Mountain from $131.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. BNP Paribas raised Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. Wells Fargo & Company reduced their price objective on Iron Mountain from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. StockNews.com lowered Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada increased their target price on Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.17.

Insider Transactions at Iron Mountain

In related news, CEO William L. Meaney sold 15,872 shares of Iron Mountain stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $112.99, for a total transaction of $1,793,377.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mithu Bhargava sold 8,263 shares of Iron Mountain stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $104.49, for a total value of $863,400.87. Following the sale, the executive vice president now directly owns 13,054 shares of the company’s stock, valued at approximately $1,364,012.46. The trade was a 38.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 162,391 shares of company stock valued at $16,805,912 over the last quarter. Company insiders own 2.10% of the company’s stock.

Iron Mountain Stock Down 0.0 %

Shares of Iron Mountain stock opened at $106.20 on Wednesday. The stock has a market cap of $31.17 billion, a PE ratio of 295.01, a price-to-earnings-growth ratio of 5.84 and a beta of 1.01. The business has a fifty day simple moving average of $106.72 and a 200-day simple moving average of $112.92. Iron Mountain Incorporated has a 12 month low of $66.20 and a 12 month high of $130.24.

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.