William L. Meaney Sells 15,875 Shares of Iron Mountain Incorporated (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRMGet Free Report) CEO William L. Meaney sold 15,875 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $68.24, for a total value of $1,083,310.00. Following the completion of the sale, the chief executive officer now owns 295,650 shares in the company, valued at $20,175,156. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Iron Mountain Price Performance

Shares of NYSE:IRM opened at $68.54 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 43.97. Iron Mountain Incorporated has a twelve month low of $48.94 and a twelve month high of $70.66. The stock’s 50 day moving average is $67.68 and its 200-day moving average is $63.34. The firm has a market capitalization of $20.01 billion, a price-to-earnings ratio of 72.15, a PEG ratio of 4.35 and a beta of 0.90.

Analysts Set New Price Targets

Several analysts recently commented on the company. Barclays upped their target price on Iron Mountain from $69.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. UBS Group initiated coverage on Iron Mountain in a research note on Tuesday, November 7th. They issued a “sell” rating and a $44.00 price target on the stock. Finally, Stifel Nicolaus boosted their price target on Iron Mountain from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $66.75.

Check Out Our Latest Stock Report on IRM

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew its stake in Iron Mountain by 201.7% in the 4th quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 242 shares during the period. Exchange Traded Concepts LLC bought a new position in Iron Mountain in the 4th quarter valued at $26,000. Harbor Investment Advisory LLC grew its stake in Iron Mountain by 92.2% in the 3rd quarter. Harbor Investment Advisory LLC now owns 417 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 200 shares during the period. Manchester Capital Management LLC grew its stake in shares of Iron Mountain by 6,983.3% during the 3rd quarter. Manchester Capital Management LLC now owns 425 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 419 shares during the period. Finally, First Capital Advisors Group LLC. bought a new position in shares of Iron Mountain during the 2nd quarter worth $25,000. Institutional investors own 76.94% of the company’s stock.

About Iron Mountain

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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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Insider Buying and Selling by Quarter for Iron Mountain (NYSE:IRM)

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