Thompson Investment Management Inc. Has $28,000 Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

Thompson Investment Management Inc. reduced its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 75.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 264 shares of the financial services provider’s stock after selling 800 shares during the quarter. Thompson Investment Management Inc.’s holdings in Iron Mountain were worth $28,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of IRM. Wedmont Private Capital raised its position in Iron Mountain by 18.2% during the third quarter. Wedmont Private Capital now owns 3,077 shares of the financial services provider’s stock valued at $359,000 after purchasing an additional 473 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Iron Mountain by 689.7% in 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 during the last quarter. First Affirmative Financial Network bought a new stake in shares of Iron Mountain during the third quarter worth $206,000. Exchange Traded Concepts LLC lifted its stake in shares of Iron Mountain by 4,950.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,636 shares of the financial services provider’s stock valued at $432,000 after acquiring an additional 3,564 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. boosted its holdings in shares of Iron Mountain by 14.1% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 15,904 shares of the financial services provider’s stock valued at $1,890,000 after acquiring an additional 1,962 shares in the last quarter. Institutional investors own 80.13% of the company’s stock.

Analysts Set New Price Targets

IRM has been the subject of several research reports. Barclays dropped their target price 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. Wells Fargo & Company cut their target price on shares of Iron Mountain from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Royal Bank of Canada upped their price target on shares of Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. StockNews.com lowered shares of Iron Mountain from a “hold” rating to a “sell” rating in a report on Tuesday, January 28th. Finally, BNP Paribas upgraded Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.17.

Iron Mountain Trading Down 0.1 %

Shares of Iron Mountain stock opened at $106.13 on Monday. The company has a market cap of $31.14 billion, a P/E ratio of 294.81, a PEG ratio of 5.84 and a beta of 1.01. The business has a 50-day moving average price of $107.31 and a two-hundred day moving average price of $112.80. Iron Mountain Incorporated has a 1-year low of $66.20 and a 1-year high of $130.24.

Insider Buying and Selling

In other news, CEO William L. Meaney sold 69,125 shares of Iron Mountain stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $99.83, for a total value of $6,900,748.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mithu Bhargava sold 8,263 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $104.49, for a total transaction of $863,400.87. Following the transaction, the executive vice president now directly owns 13,054 shares in the company, valued at approximately $1,364,012.46. This represents a 38.76 % decrease in their ownership of the stock. 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. Company insiders own 2.10% of the company’s stock.

Iron Mountain Company 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.