Armor Investment Advisors LLC Sells 195 Shares of Iron Mountain Incorporated (NYSE:IRM)

Armor Investment Advisors LLC trimmed its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 4.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,538 shares of the financial services provider’s stock after selling 195 shares during the quarter. Armor Investment Advisors LLC’s holdings in Iron Mountain were worth $539,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Norden Group LLC bought a new position in Iron Mountain during the 1st quarter valued at about $657,000. Nordea Investment Management AB raised its holdings 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 buying an additional 3,596 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Iron Mountain by 113.9% during the 1st 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 during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Iron Mountain by 196.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,681 shares of the financial services provider’s stock valued at $375,000 after acquiring an additional 3,102 shares during the period. Finally, TFG Advisers LLC grew its position in Iron Mountain by 5.2% in the 1st quarter. TFG Advisers LLC now owns 22,515 shares of the financial services provider’s stock valued at $1,806,000 after acquiring an additional 1,104 shares during the last quarter. Institutional investors own 80.13% of the company’s stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction on Monday, October 7th. The stock was 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 in the company, valued at approximately $34,697,484. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Iron Mountain news, EVP Edward Baker-Greene sold 2,262 shares of Iron Mountain stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $109.75, for a total value of $248,254.50. Following the transaction, the executive vice president now directly owns 9,049 shares of the company’s stock, valued at approximately $993,127.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William L. Meaney sold 15,875 shares of the stock in a transaction 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 sale, the chief executive officer now owns 295,650 shares of the company’s stock, valued at approximately $34,697,484. This represents a 0.00 % decrease in their position. 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 90 days. Company insiders own 2.10% of the company’s stock.

Iron Mountain Price Performance

NYSE IRM opened at $126.40 on Wednesday. The company has a market cap of $37.08 billion, a PE ratio of 161.19, a P/E/G ratio of 7.26 and a beta of 0.99. The firm’s 50 day moving average price is $118.93 and its 200-day moving average price is $101.08. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.79 and a current ratio of 0.79. Iron Mountain Incorporated has a 52-week low of $58.55 and a 52-week high of $130.24.

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.