Goldstone Financial Group LLC Purchases Shares of 4,548 Iron Mountain Incorporated (NYSE:IRM)

Goldstone Financial Group LLC bought a new position in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,548 shares of the financial services provider's stock, valued at approximately $540,000.

Several other large investors have also made changes to their positions in the business. Highline Wealth Partners LLC purchased a new stake in shares of Iron Mountain during the third quarter worth approximately $2,185,000. Creekmur Asset Management LLC increased its position in shares of Iron Mountain by 7.7% during the third quarter. Creekmur Asset Management LLC now owns 17,485 shares of the financial services provider's stock worth $2,078,000 after purchasing an additional 1,255 shares in the last quarter. Mutual Advisors LLC increased its position in shares of Iron Mountain by 1.5% during the third quarter. Mutual Advisors LLC now owns 123,823 shares of the financial services provider's stock worth $15,598,000 after purchasing an additional 1,829 shares in the last quarter. Fidelis Capital Partners LLC increased its position in shares of Iron Mountain by 180.7% during the third quarter. Fidelis Capital Partners LLC now owns 5,935 shares of the financial services provider's stock worth $745,000 after purchasing an additional 3,821 shares in the last quarter. Finally, Tyche Wealth Partners LLC purchased a new stake in shares of Iron Mountain during the third quarter worth approximately $220,000. 80.13% of the stock is owned by institutional investors and hedge funds.

Iron Mountain Trading Down 3.1 %

Shares of Iron Mountain stock traded down $3.94 during trading hours on Thursday, hitting $123.70. The company's stock had a trading volume of 2,055,116 shares, compared to its average volume of 1,593,440. Iron Mountain Incorporated has a twelve month low of $57.36 and a twelve month high of $130.24. The firm has a fifty day moving average of $118.16 and a 200-day moving average of $99.54. The stock has a market cap of $36.29 billion, a price-to-earnings ratio of 158.59, a P/E/G ratio of 7.42 and a beta of 1.00. 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 (NYSE:IRM - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.42 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.59). Iron Mountain had a net margin of 3.94% and a return on equity of 595.44%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company earned $0.94 EPS. The business's revenue for the quarter was up 13.0% on a year-over-year basis. Research analysts forecast that Iron Mountain Incorporated will post 4.17 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on IRM. Barclays boosted their price target 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. upped their target price on Iron Mountain from $82.00 to $121.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. 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. Stifel Nicolaus upped 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 upped their target price on Iron Mountain from $120.00 to $135.00 and gave the company an "overweight" rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $115.50.

Insider Activity

In other news, COO John Tomovcsik sold 1,000 shares of the company's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $110.00, for a total value of $110,000.00. Following the transaction, the chief operating officer now owns 14,000 shares of the company's stock, valued at $1,540,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, COO John Tomovcsik sold 1,000 shares of the stock in a transaction dated 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 owns 14,000 shares of the company's stock, valued at approximately $1,540,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Edward Baker-Greene sold 2,262 shares of the stock in a transaction dated Tuesday, August 20th. The stock was 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 in the company, valued at approximately $993,127.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,637 shares of company stock valued at $3,210,575 in the last quarter. Insiders own 2.10% of the company's stock.

Iron Mountain Company 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.