Community Bank & Trust Waco Texas Lowers Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

Community Bank & Trust Waco Texas lowered its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,200 shares of the financial services provider’s stock after selling 100 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Iron Mountain were worth $231,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Iron Mountain by 689.7% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,061 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 1,800 shares during the period. First Affirmative Financial Network acquired a new stake in Iron Mountain in the third quarter valued at about $206,000. Exchange Traded Concepts LLC lifted its position in Iron Mountain by 4,950.0% in the third quarter. Exchange Traded Concepts LLC now owns 3,636 shares of the financial services provider’s stock valued at $432,000 after purchasing an additional 3,564 shares during the period. Redhawk Wealth Advisors Inc. lifted its position in Iron Mountain by 14.1% in the third quarter. Redhawk Wealth Advisors Inc. now owns 15,904 shares of the financial services provider’s stock valued at $1,890,000 after purchasing an additional 1,962 shares during the period. Finally, ORG Wealth Partners LLC acquired a new stake in Iron Mountain in the third quarter valued at about $98,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Analysts Set New Price Targets

IRM has been the subject of a number of recent analyst reports. Royal Bank of Canada raised 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. Wells Fargo & Company reduced their price target on shares of Iron Mountain from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Barclays reduced their price target on shares of Iron Mountain from $131.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. BNP Paribas upgraded shares of Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. Finally, StockNews.com downgraded shares of Iron Mountain from a “hold” rating to a “sell” rating in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.17.

Iron Mountain Price Performance

Shares of Iron Mountain stock opened at $106.19 on Tuesday. Iron Mountain Incorporated has a 1 year low of $66.20 and a 1 year high of $130.24. The company has a market capitalization of $31.16 billion, a P/E ratio of 294.97, a P/E/G ratio of 5.84 and a beta of 1.01. The business has a 50 day moving average price of $107.00 and a 200 day moving average price of $112.86.

Insider Buying and Selling

In other Iron Mountain news, EVP Mithu Bhargava sold 8,263 shares of Iron Mountain stock in a transaction that occurred 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 sale, the executive vice president now directly owns 13,054 shares of the company’s stock, valued at approximately $1,364,012.46. The trade was a 38.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William L. Meaney sold 15,872 shares of Iron Mountain stock in a transaction that occurred on Wednesday, December 11th. The stock was 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. Insiders sold 162,391 shares of company stock worth $16,805,912 in the last ninety days. Insiders own 2.10% of the company’s stock.

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.