State Board of Administration of Florida Retirement System grew its stake in shares of Iron Mountain Incorporated (NYSE:IRM – Free 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
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.
About Iron Mountain
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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