MinichMacGregor Wealth Management LLC Decreases Holdings in Iron Mountain Incorporated (NYSE:IRM)

MinichMacGregor Wealth Management LLC cut its stake in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 13.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,767 shares of the financial services provider's stock after selling 11,606 shares during the quarter. Iron Mountain accounts for approximately 1.9% of MinichMacGregor Wealth Management LLC's holdings, making the stock its 17th biggest position. MinichMacGregor Wealth Management LLC's holdings in Iron Mountain were worth $9,003,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norden Group LLC acquired a new position in Iron Mountain during the 1st quarter worth approximately $657,000. Nordea Investment Management AB grew its holdings in Iron Mountain by 17.2% during the first quarter. Nordea Investment Management AB now owns 24,524 shares of the financial services provider's stock worth $1,972,000 after acquiring an additional 3,596 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its position in Iron Mountain by 113.9% in the first 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 in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Iron Mountain by 196.5% in the first 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 stake in shares of Iron Mountain by 5.2% during the 1st quarter. TFG Advisers LLC now owns 22,515 shares of the financial services provider's stock worth $1,806,000 after purchasing an additional 1,104 shares during the period. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Iron Mountain Price Performance

Shares of NYSE IRM traded up $3.38 during trading on Tuesday, reaching $125.73. The company had a trading volume of 1,614,204 shares, compared to its average volume of 1,594,458. The stock has a market capitalization of $36.88 billion, a PE ratio of 161.19, a price-to-earnings-growth ratio of 7.26 and a beta of 0.99. The stock has a 50-day moving average price of $118.72 and a two-hundred day moving average price of $100.72. Iron Mountain Incorporated has a twelve month low of $58.55 and a twelve month high of $130.24. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 674.63.

Analyst Ratings Changes

Several analysts recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Iron Mountain from $106.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Barclays boosted their price target 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 raised their price objective on Iron Mountain from $120.00 to $135.00 and gave the company an "overweight" rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. boosted their target price 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, Stifel Nicolaus lifted their price target 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 issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $115.50.

Insider Buying and Selling at Iron Mountain

In other news, CEO William L. Meaney sold 15,875 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 295,650 shares of the company's stock, valued at $34,697,484. 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 available at the SEC website. 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 completion of the sale, the chief executive officer now owns 295,650 shares of the company's stock, valued at $34,697,484. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wendy J. Murdock sold 8,500 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $116.38, for a total value of $989,230.00. Following the transaction, the director now owns 14,829 shares in the company, valued at $1,725,799.02. 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 ninety days, insiders have sold 27,637 shares of company stock worth $3,210,575. Corporate insiders own 2.10% of the company's stock.

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.