Iron Mountain Incorporated (NYSE:IRM) Stake Trimmed by Augustine Asset Management Inc.

Augustine Asset Management Inc. cut its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 6.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,977 shares of the financial services provider’s stock after selling 347 shares during the quarter. Augustine Asset Management Inc.’s holdings in Iron Mountain were worth $523,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Iron Mountain in the 3rd quarter valued at approximately $31,000. West Branch Capital LLC acquired a new stake in Iron Mountain during the 3rd quarter valued at $33,000. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Iron Mountain in the third quarter valued at $36,000. Dunhill Financial LLC boosted its position 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 boosted its position in shares of Iron Mountain by 86.5% in the third quarter. Quarry LP now owns 496 shares of the financial services provider’s stock worth $59,000 after buying an additional 230 shares during the period. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Trading Down 0.0 %

IRM stock opened at $106.20 on Wednesday. The firm has a market cap of $31.17 billion, a PE ratio of 295.01, a PEG ratio of 5.84 and a beta of 1.01. Iron Mountain Incorporated has a 1 year low of $66.20 and a 1 year high of $130.24. The company has a fifty day simple moving average of $106.72 and a 200 day simple moving average of $112.92.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other 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 transaction, the executive vice president now owns 13,054 shares of the company’s stock, valued at $1,364,012.46. This trade represents a 38.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William L. Meaney sold 69,131 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $104.85, for a total transaction of $7,248,385.35. The disclosure for this sale can be found here. Insiders sold 162,391 shares of company stock valued at $16,805,912 over the last quarter. Insiders own 2.10% of the company’s stock.

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.