Iron Mountain Incorporated (NYSE:IRM) Stock Position Raised by Spire Wealth Management

Spire Wealth Management lifted its position in shares of Iron Mountain Incorporated (NYSE:IRMFree Report) by 71.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,760 shares of the financial services provider’s stock after purchasing an additional 1,147 shares during the quarter. Spire Wealth Management’s holdings in Iron Mountain were worth $164,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of IRM. Acadian Asset Management LLC grew its holdings in shares of Iron Mountain by 15.1% during the 1st quarter. Acadian Asset Management LLC now owns 2,503 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 328 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Iron Mountain by 71.3% during the 1st quarter. Panagora Asset Management Inc. now owns 18,549 shares of the financial services provider’s stock worth $1,028,000 after purchasing an additional 7,719 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Iron Mountain by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,743 shares of the financial services provider’s stock worth $2,147,000 after purchasing an additional 2,399 shares in the last quarter. APG Asset Management N.V. grew its holdings in shares of Iron Mountain by 13.0% during the 1st quarter. APG Asset Management N.V. now owns 18,205 shares of the financial services provider’s stock worth $907,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its stake in Iron Mountain by 52.8% in the 1st quarter. Raymond James Trust N.A. now owns 7,552 shares of the financial services provider’s stock valued at $419,000 after buying an additional 2,608 shares in the last quarter. Institutional investors and hedge funds own 76.94% of the company’s stock.

Iron Mountain Price Performance

Shares of IRM stock opened at $68.63 on Friday. The company has a debt-to-equity ratio of 43.97, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $20.04 billion, a price-to-earnings ratio of 72.24, a P/E/G ratio of 4.31 and a beta of 0.90. The stock’s fifty day simple moving average is $67.75 and its 200 day simple moving average is $63.40. Iron Mountain Incorporated has a one year low of $48.94 and a one year high of $70.66.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on IRM. 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. Barclays boosted their price target on Iron Mountain from $69.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Finally, UBS Group began 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Iron Mountain has an average rating of “Hold” and an average price target of $66.75.

Read Our Latest Stock Report on Iron Mountain

Insiders Place Their Bets

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 stock was sold at an average price of $65.94, for a total value of $131,880.00. Following the transaction, the executive vice president now owns 52,026 shares of the company’s stock, valued at $3,430,594.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Iron Mountain news, EVP Mark Kidd sold 11,376 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $69.90, for a total value of $795,182.40. Following the transaction, the executive vice president now owns 42,739 shares of the company’s stock, valued at $2,987,456.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Deborah Marson sold 2,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $65.94, for a total value of $131,880.00. Following the completion of the transaction, the executive vice president now directly owns 52,026 shares in the company, valued at approximately $3,430,594.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,081 shares of company stock valued at $4,761,039. 2.20% of the stock is currently owned by corporate insiders.

About Iron Mountain

(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.

Featured Articles

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

Receive News & Ratings for Iron Mountain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iron Mountain and related companies with MarketBeat.com's FREE daily email newsletter.