JPMorgan Chase & Co. increased its holdings in Iron Mountain Incorporated (NYSE:IRM – Get Rating) by 10.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,814,920 shares of the financial services provider’s stock after purchasing an additional 171,171 shares during the quarter. JPMorgan Chase & Co. owned 0.62% of Iron Mountain worth $90,475,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Cubist Systematic Strategies LLC increased its position in shares of Iron Mountain by 103.7% in the third quarter. Cubist Systematic Strategies LLC now owns 77,968 shares of the financial services provider’s stock valued at $3,428,000 after acquiring an additional 39,691 shares during the period. Pearl River Capital LLC purchased a new position in shares of Iron Mountain in the third quarter valued at about $459,000. Whittier Trust Co. increased its position in shares of Iron Mountain by 8.1% in the fourth quarter. Whittier Trust Co. now owns 2,923 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 220 shares during the period. Financial Advocates Investment Management bought a new stake in shares of Iron Mountain during the 3rd quarter valued at about $204,000. Finally, RB Capital Management LLC boosted its stake in shares of Iron Mountain by 0.8% during the 4th quarter. RB Capital Management LLC now owns 43,579 shares of the financial services provider’s stock valued at $2,172,000 after purchasing an additional 366 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.
Iron Mountain Trading Up 0.4 %
NYSE:IRM opened at $55.72 on Wednesday. Iron Mountain Incorporated has a one year low of $43.33 and a one year high of $57.21. The company has a debt-to-equity ratio of 19.91, a current ratio of 0.80 and a quick ratio of 0.80. The company’s 50-day simple moving average is $54.10 and its 200 day simple moving average is $53.08. The firm has a market capitalization of $16.25 billion, a P/E ratio of 28.14, a PEG ratio of 3.69 and a beta of 0.91.
Iron Mountain Dividend Announcement
Insiders Place Their Bets
In other Iron Mountain news, CEO William L. Meaney sold 10,507 shares of Iron Mountain stock in a transaction dated Friday, April 14th. The shares were sold at an average price of $53.55, for a total value of $562,649.85. Following the completion of the transaction, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at $15,832,057.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Deborah Marson sold 1,125 shares of the business’s stock in a transaction that occurred on Wednesday, April 12th. The shares were sold at an average price of $54.00, for a total transaction of $60,750.00. Following the completion of the transaction, the executive vice president now directly owns 62,026 shares of the company’s stock, valued at $3,349,404. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William L. Meaney sold 10,507 shares of the business’s stock in a transaction that occurred on Friday, April 14th. The shares were sold at an average price of $53.55, for a total transaction of $562,649.85. Following the transaction, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at $15,832,057.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,865 shares of company stock valued at $2,068,682. Insiders own 2.20% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on IRM shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $58.00 target price on shares of Iron Mountain in a research note on Monday, March 6th. Barclays lifted their target price on shares of Iron Mountain from $56.00 to $64.00 in a research note on Friday, May 5th. Finally, StockNews.com raised shares of Iron Mountain from a “sell” rating to a “hold” rating in a research note on Tuesday, May 30th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Iron Mountain presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.
About Iron Mountain
Iron Mountain, Inc engages in the provision of storage and information management solutions. It operates through the following business segments: North American Records & Information Management Business, North American Data Management Business, Western European Business, Other International Business, Global Data Center Business and Corporate & Other Business.
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