Iron Mountain Incorporated (NYSE:IRM) Shares Bought by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC raised its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 10,432.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 242,564 shares of the financial services provider’s stock after acquiring an additional 240,261 shares during the period. Strategic Financial Concepts LLC owned approximately 0.08% of Iron Mountain worth $243,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in IRM. Ashton Thomas Securities LLC acquired a new position in Iron Mountain during the third quarter valued at $31,000. West Branch Capital LLC purchased a new position in shares of Iron Mountain during the 3rd quarter valued at about $33,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Iron Mountain in the 3rd quarter valued at about $36,000. Dunhill Financial LLC boosted its stake 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 worth $54,000 after buying an additional 152 shares during the last quarter. Finally, Quarry LP grew its holdings in Iron Mountain by 86.5% during the third quarter. Quarry LP now owns 496 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 230 shares during the period. 80.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO William L. Meaney sold 69,131 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $104.85, for a total transaction of $7,248,385.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mithu Bhargava sold 8,263 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $104.49, for a total transaction of $863,400.87. Following the completion of the sale, the executive vice president now owns 13,054 shares of the company’s stock, 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. In the last three months, insiders have sold 162,391 shares of company stock worth $16,805,912. Insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

IRM has been the subject of a number of analyst reports. BNP Paribas raised Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada increased their price target on shares of Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Wells Fargo & Company dropped their price target on shares of Iron Mountain from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. StockNews.com downgraded shares of Iron Mountain from a “hold” rating to a “sell” rating in a research report on Tuesday, January 28th. Finally, Barclays dropped their target price on Iron Mountain from $131.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.17.

Iron Mountain Stock Down 3.2 %

Shares of NYSE IRM opened at $102.85 on Thursday. Iron Mountain Incorporated has a 52-week low of $66.20 and a 52-week high of $130.24. The company’s 50-day simple moving average is $106.40 and its 200-day simple moving average is $112.85. The firm has a market cap of $30.18 billion, a price-to-earnings ratio of 285.70, a price-to-earnings-growth ratio of 5.84 and a beta of 1.01.

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.