MinichMacGregor Wealth Management LLC Sells 11,606 Shares of Iron Mountain Incorporated (NYSE:IRM)
by Jessica Moore · The Cerbat GemMinichMacGregor Wealth Management LLC cut its stake in shares of Iron Mountain Incorporated (NYSE:IRM – Free Report) by 13.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,767 shares of the financial services provider’s stock after selling 11,606 shares during the period. Iron Mountain accounts for approximately 1.9% of MinichMacGregor Wealth Management LLC’s portfolio, making the stock its 17th largest holding. MinichMacGregor Wealth Management LLC’s holdings in Iron Mountain were worth $9,003,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Iron Mountain during the second quarter worth about $32,000. West Branch Capital LLC bought a new position in shares of Iron Mountain in the third quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Iron Mountain during the second quarter valued at approximately $36,000. Headlands Technologies LLC purchased a new position in Iron Mountain in the 1st quarter worth approximately $38,000. Finally, Family Firm Inc. bought a new position in shares of Iron Mountain in the 2nd quarter worth $45,000. 80.13% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other news, EVP Edward Baker-Greene sold 2,262 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $109.75, for a total transaction of $248,254.50. Following the completion of the transaction, the executive vice president now directly owns 9,049 shares of the company’s stock, valued at approximately $993,127.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $117.36, for a total value of $1,863,090.00. Following the completion of the transaction, the chief executive officer now directly owns 295,650 shares in the company, valued at approximately $34,697,484. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Edward Baker-Greene sold 2,262 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $109.75, for a total transaction of $248,254.50. Following the completion of the sale, the executive vice president now directly owns 9,049 shares of the company’s stock, valued at approximately $993,127.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,637 shares of company stock valued at $3,210,575 in the last quarter. Insiders own 2.10% of the company’s stock.
Analyst Ratings Changes
Several brokerages recently issued reports on IRM. The Goldman Sachs Group upped their target price on shares of Iron Mountain from $106.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. upped their price objective on Iron Mountain from $82.00 to $121.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Barclays boosted their target price on Iron Mountain from $91.00 to $133.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Wells Fargo & Company lifted their price target on shares of Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Finally, Stifel Nicolaus increased their target price on shares of Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $115.50.
Iron Mountain Trading Up 1.7 %
Shares of Iron Mountain stock traded up $2.03 on Tuesday, hitting $124.38. The stock had a trading volume of 206,576 shares, compared to its average volume of 1,587,625. The stock’s 50-day simple moving average is $118.54 and its two-hundred day simple moving average is $100.38. Iron Mountain Incorporated has a one year low of $58.55 and a one year high of $130.24. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 674.63. The stock has a market cap of $36.49 billion, a price-to-earnings ratio of 156.86, a PEG ratio of 7.26 and a beta of 0.99.
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.
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