Bleakley Financial Group LLC Sells 4,895 Shares of Iron Mountain Incorporated (NYSE:IRM)

Bleakley Financial Group LLC trimmed its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 21.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,092 shares of the financial services provider’s stock after selling 4,895 shares during the quarter. Bleakley Financial Group LLC’s holdings in Iron Mountain were worth $1,902,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of IRM. Ashton Thomas Securities LLC bought a new stake in Iron Mountain during the 3rd quarter worth approximately $31,000. West Branch Capital LLC acquired a new position in Iron Mountain in the third quarter worth $33,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Iron Mountain in the third quarter valued at $36,000. Dunhill Financial LLC raised its holdings in shares of Iron Mountain by 50.5% in the third quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock valued at $54,000 after buying an additional 152 shares during the last quarter. Finally, Quarry LP lifted its position in Iron Mountain by 86.5% during the 3rd quarter. Quarry LP now owns 496 shares of the financial services provider’s stock worth $59,000 after buying an additional 230 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Analyst Ratings Changes

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

Iron Mountain Trading Down 0.1 %

Shares of IRM opened at $106.13 on Friday. The stock has a market cap of $31.14 billion, a P/E ratio of 294.81, a price-to-earnings-growth ratio of 5.58 and a beta of 1.01. The stock’s 50-day moving average price is $107.31 and its two-hundred day moving average price is $112.61. Iron Mountain Incorporated has a 1 year low of $66.20 and a 1 year high of $130.24.

Insider Buying and Selling

In related news, CEO William L. Meaney sold 15,872 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $112.99, for a total value of $1,793,377.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mithu Bhargava sold 8,263 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $104.49, for a total transaction of $863,400.87. Following the sale, the executive vice president now owns 13,054 shares in the company, valued at $1,364,012.46. This trade represents a 38.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 178,266 shares of company stock valued at $18,694,561 in the last 90 days. 2.10% of the stock is owned by insiders.

About Iron Mountain

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.