Kingsview Wealth Management LLC Sells 191 Shares of Iron Mountain Incorporated (NYSE:IRM)

Kingsview Wealth Management LLC trimmed its holdings in Iron Mountain Incorporated (NYSE:IRM) by 3.3% in the 4th quarter, Holdings Channel reports. The fund owned 5,642 shares of the financial services provider’s stock after selling 191 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Iron Mountain were worth $593,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of IRM. Geode Capital Management LLC grew its holdings in Iron Mountain by 1.6% in the third quarter. Geode Capital Management LLC now owns 8,257,965 shares of the financial services provider’s stock worth $978,479,000 after purchasing an additional 128,622 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Iron Mountain by 4.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,386,315 shares of the financial services provider’s stock worth $402,396,000 after purchasing an additional 141,675 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Iron Mountain by 537.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,170,550 shares of the financial services provider’s stock worth $376,756,000 after buying an additional 2,672,821 shares during the last quarter. Captrust Financial Advisors increased its position in Iron Mountain by 5.2% during the 3rd quarter. Captrust Financial Advisors now owns 951,552 shares of the financial services provider’s stock valued at $113,073,000 after buying an additional 47,327 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Iron Mountain by 1.1% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 910,723 shares of the financial services provider’s stock valued at $95,726,000 after buying an additional 10,160 shares during the last quarter. 80.13% of the stock is currently owned by institutional investors.

Iron Mountain Stock Down 3.2 %

Shares of Iron Mountain stock opened at $102.85 on Thursday. Iron Mountain Incorporated has a twelve month low of $66.20 and a twelve month high of $130.24. The company has a market cap of $30.18 billion, a price-to-earnings ratio of 285.70, a price-to-earnings-growth ratio of 5.84 and a beta of 1.01. The company’s 50 day moving average is $106.40 and its 200 day moving average is $112.85.

Insider Activity

In related news, CEO William L. Meaney sold 69,125 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $99.83, for a total transaction of $6,900,748.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mithu Bhargava sold 8,263 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $104.49, for a total value 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 $1,364,012.46. The trade was a 38.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 162,391 shares of company stock valued at $16,805,912 in the last ninety days. 2.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

IRM has been the topic of a number of recent research reports. Barclays cut their target price on Iron Mountain from $131.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Wells Fargo & Company reduced their price objective on shares of Iron Mountain from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Royal Bank of Canada lifted their target price on shares of Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. BNP Paribas upgraded shares of Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Finally, StockNews.com lowered shares of Iron Mountain from a “hold” rating to a “sell” rating in a report on Tuesday, January 28th. One investment 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 company’s stock. According to MarketBeat, Iron Mountain currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.17.

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.