Oakworth Capital Inc. Purchases New Holdings in Iron Mountain Incorporated (NYSE:IRM)

Oakworth Capital Inc. acquired a new position in shares of Iron Mountain Incorporated (NYSE:IRM) in the fourth quarter, Holdings Channel reports. The fund acquired 520 shares of the financial services provider’s stock, valued at approximately $55,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in Iron Mountain in the 3rd quarter valued at $31,000. West Branch Capital LLC purchased a new position in Iron Mountain during the 3rd quarter worth $33,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Iron Mountain in the 3rd quarter worth $36,000. Dunhill Financial LLC boosted 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 acquiring an additional 152 shares in the last quarter. Finally, Quarry LP increased its stake in shares of 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 currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO William L. Meaney sold 69,131 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $104.85, for a total value of $7,248,385.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William L. Meaney sold 15,875 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $118.97, for a total value of $1,888,648.75. Following the transaction, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at $35,173,480.50. The trade was a 5.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 178,266 shares of company stock worth $18,694,561 in the last three months. Corporate insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

IRM has been the topic of a number of analyst reports. BNP Paribas raised Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Wells Fargo & Company decreased their price target on Iron Mountain from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday. StockNews.com cut Iron Mountain from a “hold” rating to a “sell” rating in a research report on Tuesday, January 28th. Royal Bank of Canada boosted their target price on shares of Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, Barclays lowered their price target on shares of Iron Mountain from $131.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. One 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.17.

Iron Mountain Stock Performance

Iron Mountain stock opened at $106.14 on Friday. Iron Mountain Incorporated has a fifty-two week low of $66.20 and a fifty-two week high of $130.24. The firm has a market capitalization of $31.15 billion, a price-to-earnings ratio of 294.84, a price-to-earnings-growth ratio of 5.58 and a beta of 1.01. The stock’s fifty day moving average is $107.66 and its two-hundred day moving average is $112.56.

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.