21,490 Shares in Iron Mountain Incorporated (NYSE:IRM) Purchased by Kentucky Trust Co

Kentucky Trust Co acquired a new stake in shares of Iron Mountain Incorporated (NYSE:IRM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 21,490 shares of the financial services provider’s stock, valued at approximately $2,259,000. Iron Mountain makes up 1.3% of Kentucky Trust Co’s investment portfolio, making the stock its 27th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Axecap Investments LLC boosted its holdings in Iron Mountain by 6.0% during the fourth quarter. Axecap Investments LLC now owns 9,149 shares of the financial services provider’s stock valued at $962,000 after purchasing an additional 515 shares in the last quarter. Summit Trail Advisors LLC boosted its holdings in Iron Mountain by 19.4% during the fourth quarter. Summit Trail Advisors LLC now owns 5,704 shares of the financial services provider’s stock valued at $604,000 after purchasing an additional 927 shares in the last quarter. Savant Capital LLC boosted its holdings in Iron Mountain by 3.5% during the fourth quarter. Savant Capital LLC now owns 11,730 shares of the financial services provider’s stock valued at $1,233,000 after purchasing an additional 394 shares in the last quarter. TFG Advisers LLC boosted its holdings in Iron Mountain by 2.0% during the fourth quarter. TFG Advisers LLC now owns 24,754 shares of the financial services provider’s stock valued at $2,602,000 after purchasing an additional 491 shares in the last quarter. Finally, Triasima Portfolio Management inc. acquired a new stake in Iron Mountain during the fourth quarter valued at approximately $3,000,000. 80.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Iron Mountain

In other news, 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 value of $863,400.87. Following the completion of the transaction, the executive vice president now owns 13,054 shares of the company’s stock, valued at $1,364,012.46. The trade was a 38.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William L. Meaney sold 15,872 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $112.99, for a total transaction of $1,793,377.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 162,391 shares of company stock worth $16,805,912. Insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

IRM has been the topic of several recent analyst reports. StockNews.com downgraded Iron Mountain from a “hold” rating to a “sell” rating in a report on Tuesday, January 28th. Barclays reduced their target price on Iron Mountain from $131.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. BNP Paribas raised Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada boosted their target price on Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, Wells Fargo & Company reduced their target price on Iron Mountain from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.17.

Iron Mountain Price Performance

IRM stock opened at $106.20 on Wednesday. The company has a 50 day moving average price of $106.72 and a 200 day moving average price of $112.92. The stock has a market capitalization of $31.17 billion, a PE ratio of 295.01, a price-to-earnings-growth ratio of 5.84 and a beta of 1.01. Iron Mountain Incorporated has a fifty-two week low of $66.20 and a fifty-two week high of $130.24.

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.