Yousif Capital Management LLC Raises Position in Iron Mountain Incorporated (NYSE:IRM)

Yousif Capital Management LLC raised its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 49,352 shares of the financial services provider’s stock after acquiring an additional 2,497 shares during the period. Yousif Capital Management LLC’s holdings in Iron Mountain were worth $5,187,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of IRM. Ashton Thomas Securities LLC purchased a new stake in Iron Mountain during the 3rd quarter valued at about $31,000. West Branch Capital LLC purchased a new stake in shares of Iron Mountain during the third quarter valued at approximately $33,000. Teachers Insurance & Annuity Association of America bought a new position in shares of Iron Mountain in the third quarter worth approximately $36,000. Dunhill Financial LLC increased its stake 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 worth $54,000 after buying an additional 152 shares during the period. Finally, Quarry LP raised its holdings in Iron Mountain by 86.5% during the 3rd quarter. Quarry LP now owns 496 shares of the financial services provider’s stock valued at $59,000 after buying an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Insider Activity

In other news, CEO William L. Meaney sold 69,125 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $99.83, for a total value of $6,900,748.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William L. Meaney sold 15,875 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 295,650 shares in the company, 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. In the last 90 days, insiders have sold 178,266 shares of company stock worth $18,694,561. Corporate insiders own 2.10% of the company’s stock.

Iron Mountain Stock Up 2.1 %

NYSE IRM opened at $106.14 on Friday. The stock’s 50 day moving average is $107.66 and its 200 day moving average is $112.56. The firm has a market capitalization of $31.15 billion, a PE ratio of 294.84, a P/E/G ratio of 5.58 and a beta of 1.01. Iron Mountain Incorporated has a twelve month low of $66.20 and a twelve month high of $130.24.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. StockNews.com downgraded Iron Mountain from a “hold” rating to a “sell” rating in a report on Tuesday, January 28th. Wells Fargo & Company dropped 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. BNP Paribas raised Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. Finally, Barclays cut their price target on shares of Iron Mountain from $131.00 to $130.00 and set an “overweight” rating on the stock 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Iron Mountain currently has an average rating of “Moderate Buy” and an average 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.