National Pension Service Raises Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

National Pension Service lifted its holdings in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 15.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 459,478 shares of the financial services provider's stock after purchasing an additional 61,187 shares during the period. National Pension Service owned about 0.16% of Iron Mountain worth $54,600,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legal & General Group Plc lifted its holdings in Iron Mountain by 49.2% during the second quarter. Legal & General Group Plc now owns 3,899,276 shares of the financial services provider's stock worth $349,453,000 after buying an additional 1,286,694 shares during the period. AGF Management Ltd. boosted its position in Iron Mountain by 76.3% during the second quarter. AGF Management Ltd. now owns 2,245,393 shares of the financial services provider's stock valued at $201,232,000 after purchasing an additional 972,101 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Iron Mountain by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 2,126,237 shares of the financial services provider's stock valued at $190,553,000 after purchasing an additional 6,562 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in Iron Mountain by 7,892.6% in the first quarter. Centersquare Investment Management LLC now owns 1,538,486 shares of the financial services provider's stock worth $119,263,000 after purchasing an additional 1,519,237 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its position in shares of Iron Mountain by 45.0% during the second quarter. Duff & Phelps Investment Management Co. now owns 1,298,330 shares of the financial services provider's stock valued at $116,356,000 after buying an additional 402,625 shares during the last quarter. 80.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, COO John Tomovcsik sold 1,000 shares of the business's stock in a transaction 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 transaction, the chief operating officer now directly owns 14,000 shares in the company, valued at $1,540,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $117.36, for a total transaction of $1,863,090.00. Following the completion of the transaction, the chief executive officer now directly owns 295,650 shares of the company's stock, valued at $34,697,484. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John Tomovcsik sold 1,000 shares of the 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 sale, the chief operating officer now directly owns 14,000 shares in the company, valued at $1,540,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,637 shares of company stock worth $3,210,575. 2.10% of the stock is owned by company insiders.

Iron Mountain Stock Performance

Shares of IRM stock traded down $11.29 during mid-day trading on Wednesday, reaching $114.44. The stock had a trading volume of 4,444,064 shares, compared to its average volume of 1,287,698. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 674.63. Iron Mountain Incorporated has a 1-year low of $58.55 and a 1-year high of $130.24. The firm has a market cap of $33.57 billion, a price-to-earnings ratio of 146.72, a PEG ratio of 7.33 and a beta of 0.99. The business's fifty day moving average is $118.93 and its 200-day moving average is $101.08.

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.