Thompson Investment Management Inc. Sells 800 Shares of Iron Mountain Incorporated (NYSE:IRM)

Thompson Investment Management Inc. decreased its position in Iron Mountain Incorporated (NYSE:IRM) by 75.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 264 shares of the financial services provider’s stock after selling 800 shares during the quarter. Thompson Investment Management Inc.’s holdings in Iron Mountain were worth $28,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IRM. Ashton Thomas Securities LLC bought a new position in Iron Mountain in the 3rd quarter valued at $31,000. West Branch Capital LLC bought a new position in shares of Iron Mountain during the 3rd quarter worth $33,000. Teachers Insurance & Annuity Association of America bought a new stake in Iron Mountain in the 3rd quarter valued at about $36,000. Dunhill Financial LLC boosted its position in Iron Mountain by 50.5% during the third quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 152 shares during the period. Finally, Oakworth Capital Inc. purchased a new stake in shares of Iron Mountain during the 4th quarter valued at approximately $55,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Iron Mountain Stock Down 0.1 %

NYSE IRM opened at $106.13 on Monday. The firm has a market cap of $31.14 billion, a price-to-earnings ratio of 294.81, a PEG ratio of 5.84 and a beta of 1.01. The company has a 50-day simple moving average of $107.31 and a two-hundred day simple moving average of $112.80. Iron Mountain Incorporated has a 12-month low of $66.20 and a 12-month high of $130.24.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Royal Bank of Canada raised their price target on Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. StockNews.com cut shares of Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday, January 28th. Wells Fargo & Company cut their price objective on Iron Mountain from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. BNP Paribas upgraded shares of Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. Finally, Barclays lowered their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $129.17.

Insider Activity at Iron Mountain

In other news, EVP Mithu Bhargava sold 8,263 shares of Iron Mountain 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 sale, the executive vice president now owns 13,054 shares of the company’s stock, valued at approximately $1,364,012.46. The trade was a 38.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William L. Meaney sold 15,872 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $112.99, for a total transaction of $1,793,377.28. The disclosure for this sale can be found here. Insiders sold 162,391 shares of company stock worth $16,805,912 in the last ninety days. 2.10% of the stock is owned by company insiders.

About Iron Mountain

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.