Retirement Systems of Alabama Increases Holdings in Iron Mountain Incorporated (NYSE:IRM)

Retirement Systems of Alabama boosted its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 0.1% during the 4th quarter, Holdings Channel reports. The fund owned 233,176 shares of the financial services provider’s stock after buying an additional 132 shares during the period. Retirement Systems of Alabama’s holdings in Iron Mountain were worth $24,509,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IRM. OneDigital Investment Advisors LLC grew its stake in Iron Mountain by 1.5% in the third quarter. OneDigital Investment Advisors LLC now owns 5,986 shares of the financial services provider’s stock valued at $711,000 after purchasing an additional 89 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Iron Mountain by 0.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 11,372 shares of the financial services provider’s stock valued at $1,351,000 after purchasing an additional 92 shares in the last quarter. Geller Advisors LLC raised its stake in Iron Mountain by 2.9% in the 3rd quarter. Geller Advisors LLC now owns 3,373 shares of the financial services provider’s stock worth $403,000 after acquiring an additional 96 shares during the last quarter. Schmidt P J Investment Management Inc. lifted its holdings in shares of Iron Mountain by 3.6% during the third quarter. Schmidt P J Investment Management Inc. now owns 2,860 shares of the financial services provider’s stock worth $340,000 after purchasing an additional 100 shares during the period. Finally, Claro Advisors LLC lifted its stake in Iron Mountain by 0.6% during the 3rd quarter. Claro Advisors LLC now owns 16,717 shares of the financial services provider’s stock valued at $1,986,000 after acquiring an additional 103 shares during the period. 80.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on IRM. BNP Paribas upgraded Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. Wells Fargo & Company dropped their price objective on shares of Iron Mountain from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday. StockNews.com downgraded Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday, January 28th. Barclays decreased their price objective on Iron Mountain from $131.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Finally, Royal Bank of Canada upped their target price on shares of Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.17.

Insider Buying and Selling

In related news, CEO William L. Meaney sold 69,125 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $99.83, for a total value of $6,900,748.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William L. Meaney sold 15,875 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $117.96, for a total value of $1,872,615.00. Following the completion of the sale, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at approximately $34,874,874. This trade represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 194,141 shares of company stock worth $20,567,176 over the last 90 days. 2.10% of the stock is owned by insiders.

Iron Mountain Trading Up 2.6 %

NYSE:IRM opened at $103.87 on Thursday. The stock has a fifty day moving average price of $108.03 and a 200 day moving average price of $112.61. Iron Mountain Incorporated has a 12-month low of $66.20 and a 12-month high of $130.24. The firm has a market cap of $30.48 billion, a PE ratio of 288.54, a price-to-earnings-growth ratio of 5.58 and a beta of 1.01.

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.