NorthRock Partners LLC Sells 733 Shares of Iron Mountain Incorporated (NYSE:IRM)

NorthRock Partners LLC trimmed its stake in Iron Mountain Incorporated (NYSE:IRM) by 25.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,196 shares of the financial services provider’s stock after selling 733 shares during the quarter. NorthRock Partners LLC’s holdings in Iron Mountain were worth $261,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Asset Management One Co. Ltd. boosted its holdings in Iron Mountain by 0.6% in the third quarter. Asset Management One Co. Ltd. now owns 570,237 shares of the financial services provider’s stock worth $67,761,000 after acquiring an additional 3,571 shares in the last quarter. National Pension Service boosted its holdings in Iron Mountain by 15.4% in the third quarter. National Pension Service now owns 459,478 shares of the financial services provider’s stock worth $54,600,000 after acquiring an additional 61,187 shares in the last quarter. BSW Wealth Partners bought a new stake in Iron Mountain in the third quarter worth $264,000. Van ECK Associates Corp boosted its holdings in Iron Mountain by 12.3% in the third quarter. Van ECK Associates Corp now owns 50,421 shares of the financial services provider’s stock worth $6,330,000 after acquiring an additional 5,534 shares in the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in Iron Mountain in the third quarter worth $80,000. 80.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Iron Mountain from $82.00 to $121.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Stifel Nicolaus upped their price target on Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Wells Fargo & Company upped their price target on Iron Mountain from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. The Goldman Sachs Group upped their price target on Iron Mountain from $106.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Barclays upped their price target on Iron Mountain from $91.00 to $133.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $115.50.

Iron Mountain Price Performance

NYSE IRM opened at $114.44 on Thursday. Iron Mountain Incorporated has a 52 week low of $58.55 and a 52 week high of $130.24. The firm has a market capitalization of $33.57 billion, a P/E ratio of 146.72, a PEG ratio of 7.33 and a beta of 0.99. 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 50-day moving average price of $118.93 and a 200-day moving average price of $101.08.

Insider Activity

In related news, CEO William L. Meaney sold 15,875 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $117.36, for a total transaction of $1,863,090.00. Following the completion of the transaction, the chief executive officer now directly owns 295,650 shares in the company, valued at approximately $34,697,484. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Edward Baker-Greene sold 2,262 shares of the business’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 transaction of $248,254.50. Following the completion of the transaction, the executive vice president now directly owns 9,049 shares in the company, valued at approximately $993,127.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William L. Meaney sold 15,875 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $117.36, for a total value of $1,863,090.00. Following the transaction, the chief executive officer now owns 295,650 shares of the company’s stock, valued at approximately $34,697,484. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,637 shares of company stock valued at $3,210,575 in the last quarter. 2.10% of the stock is currently owned by insiders.

About Iron Mountain

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.