F M Investments LLC Has $2.27 Million Stock Position in Iron Mountain Incorporated (NYSE:IRM)

F M Investments LLC lessened its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 10.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,128 shares of the financial services provider’s stock after selling 2,132 shares during the quarter. F M Investments LLC’s holdings in Iron Mountain were worth $2,271,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Chicago Partners Investment Group LLC grew its stake in shares of Iron Mountain by 5.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,478 shares of the financial services provider’s stock valued at $437,000 after purchasing an additional 191 shares during the period. Tower Wealth Partners Inc. acquired a new position in Iron Mountain during the third quarter worth $226,000. Farther Finance Advisors LLC lifted its holdings in shares of Iron Mountain by 367.8% during the third quarter. Farther Finance Advisors LLC now owns 9,707 shares of the financial services provider’s stock valued at $1,153,000 after acquiring an additional 7,632 shares during the period. Affinity Investment Advisors LLC acquired a new stake in shares of Iron Mountain in the 3rd quarter valued at $239,000. Finally, TPG Advisors LLC bought a new stake in shares of Iron Mountain in the 3rd quarter worth about $232,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Trading Down 2.1 %

IRM stock opened at $121.16 on Friday. The business has a fifty day moving average of $118.54 and a 200-day moving average of $100.03. The company has a market cap of $35.54 billion, a P/E ratio of 155.34, a PEG ratio of 7.41 and a beta of 0.99. Iron Mountain Incorporated has a twelve month low of $57.36 and a twelve month high of $130.24. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 674.63.

Iron Mountain (NYSE:IRM) last released its 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). 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 for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, equities research analysts expect that Iron Mountain Incorporated will post 4.17 EPS for the current year.

Insider Activity at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction 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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO John Tomovcsik sold 1,000 shares of Iron Mountain stock in a transaction that occurred 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 transaction, the chief operating officer now owns 14,000 shares of the company’s stock, valued at $1,540,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William L. Meaney sold 15,875 shares of the company’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 transaction of $1,863,090.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold 27,637 shares of company stock worth $3,210,575 over the last ninety days. Company insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IRM. Barclays lifted their price target on shares of Iron Mountain from $91.00 to $133.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Stifel Nicolaus boosted their target price 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 increased their price target on Iron Mountain from $106.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Wells Fargo & Company lifted their price objective on Iron Mountain from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. increased their target price on Iron Mountain from $82.00 to $121.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.50.

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.