Iron Mountain (NYSE:IRM) Price Target Lowered to $125.00 at Wells Fargo & Company

Iron Mountain (NYSE:IRM) had its target price reduced by stock analysts at Wells Fargo & Company from $135.00 to $125.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 25.20% from the company’s previous close.

Other analysts also recently issued reports about the stock. Barclays decreased 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. StockNews.com downgraded shares of Iron Mountain from a “hold” rating to a “sell” rating in a report on Tuesday, January 28th. Royal Bank of Canada increased their price target 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, BNP Paribas upgraded Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $129.17.

Iron Mountain Trading Down 0.8 %

NYSE:IRM traded down $0.80 during trading hours on Tuesday, reaching $99.84. The company had a trading volume of 46,635 shares, compared to its average volume of 1,861,241. Iron Mountain has a 52 week low of $66.20 and a 52 week high of $130.24. The firm has a market cap of $29.30 billion, a price-to-earnings ratio of 276.51, a PEG ratio of 5.58 and a beta of 1.01. The firm’s 50 day moving average price is $108.88 and its 200-day moving average price is $112.65.

Insider Activity

In other Iron Mountain news, EVP Mithu Bhargava sold 8,263 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $104.49, for a total value of $863,400.87. Following the sale, the executive vice president now owns 13,054 shares in the company, valued at $1,364,012.46. This trade represents a 38.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William L. Meaney sold 15,875 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $118.97, for a total transaction of $1,888,648.75. Following the sale, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at $35,173,480.50. This represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,016 shares of company stock valued at $13,666,427. 2.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Iron Mountain

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Key Financial Inc increased its position in shares of Iron Mountain by 25,100.0% during the fourth quarter. Key Financial Inc now owns 252 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 251 shares during the period. Ashton Thomas Securities LLC purchased a new stake in Iron Mountain in the third quarter worth about $31,000. West Branch Capital LLC bought a new position in shares of Iron Mountain during the third quarter valued at approximately $33,000. Teachers Insurance & Annuity Association of America purchased a new position in shares of Iron Mountain in the 3rd quarter valued at $36,000. Finally, Dunhill Financial LLC raised its holdings in Iron Mountain by 50.5% in 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 in the last quarter. Institutional investors own 80.13% of the company’s stock.

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.