Iron Mountain Incorporated (NYSE:IRM) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. lowered its holdings in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 14.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 149,407 shares of the financial services provider's stock after selling 25,374 shares during the period. QRG Capital Management Inc. owned about 0.05% of Iron Mountain worth $17,754,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Centersquare Investment Management LLC grew its position in shares of Iron Mountain by 7,892.6% during the 1st quarter. Centersquare Investment Management LLC now owns 1,538,486 shares of the financial services provider's stock worth $119,263,000 after buying an additional 1,519,237 shares during the period. Legal & General Group Plc lifted its position in shares of Iron Mountain by 49.2% during the 2nd 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 in the last quarter. AGF Management Ltd. grew its stake in Iron Mountain by 76.3% in the 2nd 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 during the period. International Assets Investment Management LLC grew its position in Iron Mountain by 12,953.4% during the third quarter. International Assets Investment Management LLC now owns 448,644 shares of the financial services provider's stock valued at $53,312,000 after buying an additional 445,207 shares during the period. Finally, Duff & Phelps Investment Management Co. lifted its stake in Iron Mountain by 45.0% in 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 purchasing an additional 402,625 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 topic of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on Iron Mountain from $82.00 to $121.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Wells Fargo & Company upped their target price on Iron Mountain from $120.00 to $135.00 and gave the stock an "overweight" rating in a research note on Thursday, October 17th. Stifel Nicolaus lifted their price objective on Iron Mountain from $117.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, September 23rd. The Goldman Sachs Group raised their price target on shares of Iron Mountain from $106.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Finally, Barclays upped their target price on Iron Mountain from $91.00 to $133.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $115.50.

Iron Mountain Price Performance

Shares of IRM stock traded up $1.19 during mid-day trading on Monday, hitting $122.35. The company had a trading volume of 1,477,504 shares, compared to its average volume of 1,594,107. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.79 and a quick ratio of 0.79. Iron Mountain Incorporated has a 52-week low of $58.55 and a 52-week high of $130.24. The stock's 50 day moving average price is $118.54 and its 200-day moving average price is $100.38. The company has a market capitalization of $35.89 billion, a P/E ratio of 156.86, a P/E/G ratio of 7.41 and a beta of 0.99.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $1.01 by ($0.59). The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $0.94 EPS. Equities research analysts forecast that Iron Mountain Incorporated will post 4.17 earnings per share for the current year.

Insiders Place Their Bets

In other Iron Mountain news, EVP Edward Baker-Greene sold 2,262 shares of the company's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $109.75, for a total transaction of $248,254.50. Following the completion of 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 Securities & Exchange Commission, which is available at the SEC website. In other 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 transaction of $248,254.50. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 sale, the chief operating officer now owns 14,000 shares of the company's stock, valued at $1,540,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,637 shares of company stock worth $3,210,575. 2.10% of the stock is currently owned by company insiders.

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.