Iron Mountain Incorporated (NYSE:IRM) Shares Acquired by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC increased its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 5.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,478 shares of the financial services provider’s stock after purchasing an additional 191 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Iron Mountain were worth $437,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norden Group LLC purchased a new position in Iron Mountain during the first quarter worth $657,000. Nordea Investment Management AB lifted its stake in shares of Iron Mountain by 17.2% in the first quarter. Nordea Investment Management AB now owns 24,524 shares of the financial services provider’s stock worth $1,972,000 after acquiring an additional 3,596 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Iron Mountain by 113.9% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 22,354 shares of the financial services provider’s stock worth $1,793,000 after acquiring an additional 11,902 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Iron Mountain by 196.5% in the first quarter. Geneos Wealth Management Inc. now owns 4,681 shares of the financial services provider’s stock worth $375,000 after acquiring an additional 3,102 shares in the last quarter. Finally, TFG Advisers LLC increased its holdings in Iron Mountain by 5.2% in the first quarter. TFG Advisers LLC now owns 22,515 shares of the financial services provider’s stock valued at $1,806,000 after buying an additional 1,104 shares during the last quarter. 80.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IRM has been the subject of several recent research reports. The Goldman Sachs Group upped their target price on Iron Mountain from $106.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Barclays upped their target price on Iron Mountain from $91.00 to $133.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. increased their price objective on Iron Mountain from $82.00 to $121.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Stifel Nicolaus increased their target price on Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Finally, Wells Fargo & Company increased their target price on shares of Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $115.50.

Insiders Place Their Bets

In other news, COO John Tomovcsik sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $110.00, for a total transaction of $110,000.00. Following the completion of the sale, the chief operating officer now owns 14,000 shares of the company’s stock, valued at approximately $1,540,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $117.36, for a total value of $1,863,090.00. Following the transaction, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at approximately $34,697,484. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John Tomovcsik sold 1,000 shares of Iron Mountain stock in a transaction on Monday, August 19th. The stock was sold at an average price of $110.00, for a total transaction of $110,000.00. Following the transaction, the chief operating officer now directly owns 14,000 shares in the company, valued at approximately $1,540,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,637 shares of company stock worth $3,210,575 over the last quarter. Company insiders own 2.10% of the company’s stock.

Iron Mountain Stock Up 1.0 %

NYSE IRM opened at $122.35 on Tuesday. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a 50-day simple moving average of $118.54 and a 200 day simple moving average of $100.38. Iron Mountain Incorporated has a twelve month low of $58.55 and a twelve month high of $130.24. The stock has a market cap of $35.89 billion, a PE ratio of 156.86, a PEG ratio of 7.41 and a beta of 0.99.

Iron Mountain Profile

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers’ work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.