New York State Teachers Retirement System Sells 6,866 Shares of Iron Mountain Incorporated (NYSE:IRM)

New York State Teachers Retirement System lowered its position in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,188 shares of the financial services provider's stock after selling 6,866 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Iron Mountain worth $31,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Iron Mountain in the 2nd quarter valued at about $32,000. West Branch Capital LLC purchased a new position in Iron Mountain in the 3rd quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Iron Mountain in the second quarter valued at approximately $36,000. Headlands Technologies LLC purchased a new stake in shares of Iron Mountain during the first quarter valued at approximately $38,000. Finally, Family Firm Inc. bought a new position in shares of Iron Mountain in the second quarter worth approximately $45,000. 80.13% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO William L. Meaney sold 15,875 shares of the firm's stock in a transaction that occurred on Monday, October 7th. The stock was 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 owns 295,650 shares of the company's stock, valued at $34,697,484. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Edward Baker-Greene sold 2,262 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $109.75, for a total transaction of $248,254.50. Following the sale, the executive vice president now owns 9,049 shares in the company, valued at $993,127.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William L. Meaney sold 15,875 shares of the business's stock in a transaction that occurred on Monday, October 7th. The stock was 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 owns 295,650 shares of the company's stock, valued at approximately $34,697,484. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,637 shares of company stock worth $3,210,575. Insiders own 2.10% of the company's stock.

Iron Mountain Stock Down 2.1 %

IRM traded down $2.57 during trading on Friday, reaching $121.16. The stock had a trading volume of 1,845,363 shares, compared to its average volume of 1,594,630. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 674.63. The company has a market capitalization of $35.54 billion, a price-to-earnings ratio of 158.59, a P/E/G ratio of 7.65 and a beta of 1.00. The stock's 50 day moving average is $118.16 and its two-hundred day moving average is $99.54. Iron Mountain Incorporated has a one year low of $57.36 and a one year high of $130.24.

Iron Mountain (NYSE:IRM - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.01 by ($0.59). The business had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.50 billion. Iron Mountain had a net margin of 3.94% and a return on equity of 595.44%. The company's revenue was up 13.0% on a year-over-year basis. During the same period last year, the business earned $0.94 earnings per share. As a group, analysts expect that Iron Mountain Incorporated will post 4.17 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Stifel Nicolaus increased their price target on shares of Iron Mountain from $117.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, September 23rd. Barclays raised their target price on Iron Mountain from $91.00 to $133.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. Wells Fargo & Company upped their price target on 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. lifted their price objective on Iron Mountain from $82.00 to $121.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Finally, 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. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat.com, Iron Mountain currently has an average rating of "Moderate Buy" and an average price target of $115.50.

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.