Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $3.49 Million Stake in Iron Mountain Incorporated (NYSE:IRM)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Iron Mountain Incorporated (NYSE:IRMFree Report) by 15.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,682 shares of the financial services provider’s stock after purchasing an additional 7,822 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Iron Mountain were worth $3,489,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its stake in shares of Iron Mountain by 15.1% in the 1st quarter. Acadian Asset Management LLC now owns 2,503 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 328 shares during the period. Panagora Asset Management Inc. lifted its stake in Iron Mountain by 71.3% in the first quarter. Panagora Asset Management Inc. now owns 18,549 shares of the financial services provider’s stock valued at $1,028,000 after buying an additional 7,719 shares during the period. APG Asset Management N.V. boosted its holdings in Iron Mountain by 13.0% during the first quarter. APG Asset Management N.V. now owns 18,205 shares of the financial services provider’s stock worth $907,000 after buying an additional 2,100 shares during the last quarter. Raymond James Trust N.A. grew its position in shares of Iron Mountain by 52.8% during the 1st quarter. Raymond James Trust N.A. now owns 7,552 shares of the financial services provider’s stock worth $419,000 after buying an additional 2,608 shares during the period. Finally, Aviva PLC increased its stake in shares of Iron Mountain by 18.4% in the 1st quarter. Aviva PLC now owns 103,894 shares of the financial services provider’s stock valued at $5,757,000 after acquiring an additional 16,162 shares during the last quarter. 76.94% of the stock is owned by institutional investors.

Iron Mountain Stock Performance

NYSE IRM opened at $68.83 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 43.97. The firm’s fifty day moving average price is $67.80 and its two-hundred day moving average price is $63.46. The firm has a market capitalization of $20.10 billion, a P/E ratio of 72.45, a price-to-earnings-growth 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.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IRM. Barclays boosted their price objective on shares of Iron Mountain from $69.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. UBS Group started coverage on shares of Iron Mountain in a report on Tuesday, November 7th. They set a “sell” rating and a $44.00 target price 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 report on Tuesday, January 23rd. One investment 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.com, the company presently has an average rating of “Hold” and an average target price of $66.75.

Read Our Latest Report on Iron Mountain

Insider Transactions at Iron Mountain

In related news, Director Robin Matlock sold 941 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $69.28, for a total value of $65,192.48. Following the completion of the sale, the director now directly owns 21,957 shares in the company, valued at $1,521,180.96. The sale was disclosed in a filing with the SEC, which is available at this link. In other Iron Mountain news, CEO William L. Meaney sold 10,507 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $62.24, for a total value of $653,955.68. Following the completion of the transaction, the chief executive officer now directly owns 295,650 shares in the company, valued at approximately $18,401,256. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robin Matlock sold 941 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $69.28, for a total value of $65,192.48. Following the transaction, the director now directly owns 21,957 shares of the company’s stock, valued at $1,521,180.96. The disclosure for this sale can be found here. Insiders sold a total of 71,081 shares of company stock worth $4,761,039 over the last quarter. Company insiders own 2.20% of the company’s stock.

Iron Mountain Profile

(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.

See Also

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

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