Kestra Private Wealth Services LLC Sells 534 Shares of Iron Mountain Incorporated (NYSE:IRM)

Kestra Private Wealth Services LLC trimmed its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,677 shares of the financial services provider’s stock after selling 534 shares during the period. Kestra Private Wealth Services LLC’s holdings in Iron Mountain were worth $1,332,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IRM. Ashton Thomas Securities LLC bought a new position in shares of Iron Mountain during the third quarter valued at approximately $31,000. West Branch Capital LLC bought a new position in Iron Mountain in the 3rd quarter worth $33,000. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Iron Mountain in the 3rd quarter worth about $36,000. Dunhill Financial LLC boosted its stake 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 in the last quarter. Finally, Quarry LP increased its position in shares of Iron Mountain by 86.5% during the third quarter. Quarry LP now owns 496 shares of the financial services provider’s stock valued at $59,000 after buying an additional 230 shares during the period. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Iron Mountain

In related news, CEO William L. Meaney sold 15,872 shares of Iron Mountain stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $112.99, for a total value of $1,793,377.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mithu Bhargava sold 8,263 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 13,054 shares of the company’s stock, valued at approximately $1,364,012.46. This trade represents a 38.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 162,391 shares of company stock valued at $16,805,912 over the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Iron Mountain Stock Performance

NYSE:IRM opened at $102.85 on Thursday. The firm has a market cap of $30.18 billion, a P/E ratio of 285.70, a P/E/G ratio of 5.84 and a beta of 1.01. Iron Mountain Incorporated has a fifty-two week low of $66.20 and a fifty-two week high of $130.24. The firm has a 50-day simple moving average of $106.40 and a two-hundred day simple moving average of $112.85.

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.