Fidelis Capital Partners LLC Acquires 3,821 Shares of Iron Mountain Incorporated (NYSE:IRM)

Fidelis Capital Partners LLC lifted its position in Iron Mountain Incorporated (NYSE:IRM) by 180.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,935 shares of the financial services provider’s stock after buying an additional 3,821 shares during the period. Fidelis Capital Partners LLC’s holdings in Iron Mountain were worth $745,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in IRM. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Iron Mountain in the second quarter valued at about $32,000. West Branch Capital LLC bought a new stake in shares of Iron Mountain in the third quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Iron Mountain in the second quarter valued at about $36,000. Headlands Technologies LLC bought a new stake in shares of Iron Mountain in the first quarter valued at about $38,000. Finally, Family Firm Inc. bought a new stake in shares of Iron Mountain in the second quarter valued at about $45,000. 80.13% of the stock is currently owned by institutional investors.

Insider Transactions at Iron Mountain

In related news, EVP Edward Baker-Greene sold 2,262 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $109.75, for a total value of $248,254.50. Following the sale, the executive vice president now owns 9,049 shares in the company, valued at $993,127.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Edward Baker-Greene sold 2,262 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $109.75, for a total value of $248,254.50. Following the sale, the executive vice president now owns 9,049 shares in the company, valued at $993,127.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William L. Meaney sold 15,875 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $117.36, for a total value of $1,863,090.00. Following the completion of the sale, the chief executive officer now owns 295,650 shares in the company, valued at approximately $34,697,484. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,637 shares of company stock worth $3,210,575. Insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stifel Nicolaus lifted their price objective on Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 23rd. The Goldman Sachs Group boosted their target price on shares of Iron Mountain from $106.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. boosted their target price on shares of Iron Mountain from $82.00 to $121.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Wells Fargo & Company boosted their target price on shares of Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Finally, Barclays boosted their target price on shares of Iron Mountain from $91.00 to $133.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Iron Mountain has a consensus rating of “Moderate Buy” and an average target price of $115.50.

Iron Mountain Price Performance

Shares of IRM stock opened at $127.65 on Thursday. Iron Mountain Incorporated has a fifty-two week low of $57.36 and a fifty-two week high of $130.24. The firm has a market capitalization of $37.44 billion, a price-to-earnings ratio of 163.65, a PEG ratio of 7.42 and a beta of 1.00. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.79 and a current ratio of 0.79. The stock’s 50-day simple moving average is $118.16 and its 200-day simple moving average is $99.54.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.59). Iron Mountain had a return on equity of 595.44% and a net margin of 3.94%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the firm posted $0.94 EPS. Iron Mountain’s revenue was up 13.0% on a year-over-year basis. As a group, equities analysts forecast that Iron Mountain Incorporated will post 4.17 earnings per share for the current fiscal year.

Iron Mountain Company 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.