State Board of Administration of Florida Retirement System Buys 430 Shares of Iron Mountain Incorporated (NYSE:IRM)

State Board of Administration of Florida Retirement System grew its stake in shares of Iron Mountain Incorporated (NYSE:IRMFree Report) by 0.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 313,939 shares of the financial services provider’s stock after purchasing an additional 430 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.11% of Iron Mountain worth $18,664,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of IRM. Harbor Investment Advisory LLC increased its holdings 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 worth $25,000 after buying an additional 200 shares in the last quarter. First Capital Advisors Group LLC. bought a new position in Iron Mountain during the second quarter valued at approximately $25,000. Compass Wealth Management LLC purchased a new stake in Iron Mountain in the fourth quarter worth approximately $26,000. Hanson & Doremus Investment Management bought a new stake in Iron Mountain in the 3rd quarter worth approximately $28,000. Finally, True Wealth Design LLC purchased a new stake in Iron Mountain during the 4th quarter valued at $33,000. Institutional investors own 76.94% of the company’s stock.

Iron Mountain Stock Performance

NYSE IRM opened at $68.63 on Friday. The stock has a market capitalization of $20.04 billion, a PE ratio of 72.24, a P/E/G ratio of 4.31 and a beta of 0.90. Iron Mountain Incorporated has a 1-year low of $48.94 and a 1-year high of $70.66. The business has a 50 day simple moving average of $67.75 and a two-hundred day simple moving average of $63.40. The company has a debt-to-equity ratio of 43.97, a current ratio of 0.81 and a quick ratio of 0.81.

Insider Transactions at Iron Mountain

In related news, CEO William L. Meaney sold 15,875 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 295,650 shares of the company’s stock, valued at approximately $20,175,156. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Mark Kidd sold 11,376 shares of the firm’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 completion of the sale, the executive vice president now directly owns 42,739 shares in the company, valued at $2,987,456.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William L. Meaney sold 15,875 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $68.24, for a total transaction of $1,083,310.00. Following the transaction, the chief executive officer now owns 295,650 shares in the company, valued at approximately $20,175,156. The disclosure for this sale can be found here. Insiders have sold a total of 71,081 shares of company stock worth $4,761,039 in the last three months. Insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. 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. 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, Stifel Nicolaus increased their price objective on shares of Iron Mountain from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Iron Mountain currently has an average rating of “Hold” and an average target price of $66.75.

Check Out Our Latest Stock Report on Iron Mountain

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.

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

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