Blair William & Co. IL Raises Stock Position in Iron Mountain Incorporated (NYSE:IRM)

Blair William & Co. IL raised its position in Iron Mountain Incorporated (NYSE:IRMFree Report) by 0.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 353,827 shares of the financial services provider’s stock after acquiring an additional 1,176 shares during the quarter. Blair William & Co. IL owned approximately 0.12% of Iron Mountain worth $21,035,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Iron Mountain by 15.4% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 58,682 shares of the financial services provider’s stock worth $3,489,000 after acquiring an additional 7,822 shares during the last quarter. UBS Group AG lifted its position in shares of Iron Mountain by 3.5% during the 3rd quarter. UBS Group AG now owns 892,448 shares of the financial services provider’s stock worth $53,056,000 after buying an additional 30,140 shares during the last quarter. Kayne Anderson Capital Advisors LP purchased a new stake in shares of Iron Mountain during the 3rd quarter worth approximately $380,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Iron Mountain during the 3rd quarter worth approximately $172,000. Finally, HighTower Advisors LLC lifted its position in shares of Iron Mountain by 140.6% during the 3rd quarter. HighTower Advisors LLC now owns 159,030 shares of the financial services provider’s stock worth $9,451,000 after buying an additional 92,924 shares during the last quarter. Hedge funds and other institutional investors own 76.94% of the company’s stock.

Iron Mountain Stock Up 0.1 %

IRM stock opened at $68.63 on Friday. The company has a fifty day moving average price of $67.75 and a 200 day moving average price of $63.40. Iron Mountain Incorporated has a 12 month low of $48.94 and a 12 month high of $70.66. The company has a market cap of $20.04 billion, a price-to-earnings ratio of 72.24, a price-to-earnings-growth ratio of 4.31 and a beta of 0.90. The company has a debt-to-equity ratio of 43.97, a current ratio of 0.81 and a quick ratio of 0.81.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on IRM. UBS Group began coverage on shares of Iron Mountain in a research report on Tuesday, November 7th. They set a “sell” rating and a $44.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of Iron Mountain from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Finally, Barclays boosted their price objective on shares of Iron Mountain from $69.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $66.75.

Read Our Latest Report on Iron Mountain

Insider Activity at Iron Mountain

In related news, CEO William L. Meaney sold 10,507 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $62.24, for a total value of $653,955.68. Following the completion of the sale, the chief executive officer now owns 295,650 shares in the company, valued at approximately $18,401,256. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Iron Mountain news, EVP Deborah Marson sold 2,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $65.94, for a total value of $131,880.00. Following the transaction, the executive vice president now directly owns 52,026 shares of the company’s stock, valued at approximately $3,430,594.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William L. Meaney sold 10,507 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $62.24, for a total transaction of $653,955.68. Following the completion of the transaction, the chief executive officer now directly owns 295,650 shares in the company, valued at $18,401,256. The disclosure for this sale can be found here. Insiders sold a total of 71,081 shares of company stock worth $4,761,039 in the last 90 days. 2.20% of the stock is owned by insiders.

Iron Mountain Company Profile

(Free Report)

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management, innovative storage, data center infrastructure, and asset lifecycle management. Founded in 1951 and trusted by more than 225,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers' work.

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Institutional Ownership by Quarter for Iron Mountain (NYSE:IRM)

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