Kestra Private Wealth Services LLC Sells 534 Shares of Iron Mountain Incorporated (NYSE:IRM)

Kestra Private Wealth Services LLC cut its holdings in Iron Mountain Incorporated (NYSE:IRM) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,677 shares of the financial services provider’s stock after selling 534 shares during the period. Kestra Private Wealth Services LLC’s holdings in Iron Mountain were worth $1,332,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research analysts recently weighed in on IRM shares. Royal Bank of Canada upped 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. Barclays dropped their price objective on Iron Mountain from $131.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Wells Fargo & Company decreased their target price on Iron Mountain from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. StockNews.com downgraded Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday, January 28th. Finally, BNP Paribas upgraded shares of Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Iron Mountain currently has an average rating of “Moderate Buy” and a consensus price target of $129.17.

Insider Activity at Iron Mountain

In other news, CEO William L. Meaney sold 69,125 shares of Iron Mountain stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $99.83, for a total transaction of $6,900,748.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mithu Bhargava sold 8,263 shares of the business’s stock in a transaction on 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 directly 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 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. Corporate insiders own 2.10% of the company’s stock.

Iron Mountain Price Performance

IRM opened at $102.85 on Thursday. The firm has a market capitalization of $30.18 billion, a PE ratio of 285.70, a price-to-earnings-growth ratio of 5.84 and a beta of 1.01. The business’s 50-day moving average is $106.40 and its two-hundred day moving average is $112.85. Iron Mountain Incorporated has a 1 year low of $66.20 and a 1 year high of $130.24.

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.