E. Ohman J or Asset Management AB Purchases 1,450 Shares of Iron Mountain Incorporated (NYSE:IRM)

E. Ohman J or Asset Management AB boosted its position in Iron Mountain Incorporated (NYSE:IRMFree Report) by 11.9% in the fourth quarter, HoldingsChannel reports. The firm owned 13,603 shares of the financial services provider’s stock after buying an additional 1,450 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Iron Mountain were worth $1,430,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Czech National Bank increased its position in shares of Iron Mountain by 7.0% during the third quarter. Czech National Bank now owns 59,755 shares of the financial services provider’s stock valued at $7,101,000 after acquiring an additional 3,896 shares during the last quarter. GAMMA Investing LLC grew its stake in Iron Mountain by 27.4% in the 3rd quarter. GAMMA Investing LLC now owns 3,794 shares of the financial services provider’s stock valued at $451,000 after purchasing an additional 815 shares during the period. Diversified Trust Co increased its position in shares of Iron Mountain by 148.4% during the 3rd quarter. Diversified Trust Co now owns 12,168 shares of the financial services provider’s stock valued at $1,446,000 after purchasing an additional 7,270 shares during the last quarter. Fulton Bank N.A. bought a new stake in shares of Iron Mountain during the 3rd quarter worth $229,000. Finally, City Center Advisors LLC purchased a new position in shares of Iron Mountain in the 3rd quarter worth about $224,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Insider Activity

In other Iron Mountain news, CEO William L. Meaney sold 15,872 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $112.99, for a total value of $1,793,377.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mithu Bhargava sold 8,263 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 13,054 shares in the company, valued at approximately $1,364,012.46. The trade was a 38.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 125,016 shares of company stock worth $13,666,427 over the last ninety days. Company insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on IRM

Iron Mountain Stock Performance

Shares of NYSE IRM opened at $101.31 on Wednesday. Iron Mountain Incorporated has a fifty-two week low of $66.20 and a fifty-two week high of $130.24. The stock has a market cap of $29.73 billion, a PE ratio of 281.42, a price-to-earnings-growth ratio of 5.58 and a beta of 1.01. The stock has a fifty day moving average of $108.43 and a 200-day moving average of $112.67.

About Iron Mountain

(Free Report)

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.

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Institutional Ownership by Quarter for Iron Mountain (NYSE:IRM)

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