Iron Mountain Incorporated (NYSE:IRM) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its stake in Iron Mountain Incorporated (NYSE:IRM) by 27.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 200,678 shares of the financial services provider’s stock after selling 76,600 shares during the period. New York State Common Retirement Fund’s holdings in Iron Mountain were worth $23,847,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of IRM. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Iron Mountain in the 2nd quarter valued at approximately $32,000. West Branch Capital LLC purchased a new stake in Iron Mountain in the third quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Iron Mountain during the second quarter worth $36,000. Headlands Technologies LLC purchased a new position in shares of Iron Mountain during the first quarter worth $38,000. Finally, Family Firm Inc. acquired a new stake in shares of Iron Mountain in the second quarter valued at $45,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Insider Transactions at Iron Mountain

In other news, EVP Edward Baker-Greene sold 2,262 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $109.75, for a total transaction of $248,254.50. Following the sale, the executive vice president now owns 9,049 shares of the company’s stock, valued at approximately $993,127.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Edward Baker-Greene sold 2,262 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $109.75, for a total value of $248,254.50. Following the completion of the sale, the executive vice president now directly owns 9,049 shares of the company’s stock, valued at approximately $993,127.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO John Tomovcsik sold 1,000 shares of Iron Mountain stock in a transaction on Monday, August 19th. The shares were sold at an average price of $110.00, for a total transaction of $110,000.00. Following the completion of the transaction, the chief operating officer now directly owns 14,000 shares in the company, valued at $1,540,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,637 shares of company stock valued at $3,210,575. 2.10% of the stock is currently owned by corporate insiders.

Iron Mountain Trading Down 2.1 %

NYSE IRM opened at $121.16 on Monday. Iron Mountain Incorporated has a 52 week low of $57.36 and a 52 week high of $130.24. The firm has a 50 day moving average of $118.54 and a two-hundred day moving average of $100.20. 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 stock has a market capitalization of $35.54 billion, a PE ratio of 155.34, a price-to-earnings-growth ratio of 7.41 and a beta of 0.99.

Iron Mountain (NYSE:IRM) last issued its earnings results on Thursday, August 1st. The financial services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.59). Iron Mountain had a return on equity of 595.44% and a net margin of 3.94%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm posted $0.94 EPS. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, research analysts expect that Iron Mountain Incorporated will post 4.17 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.