E. Ohman J or Asset Management AB Has $1.43 Million Stake in Iron Mountain Incorporated (NYSE:IRM)

E. Ohman J or Asset Management AB boosted its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 11.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,603 shares of the financial services provider’s stock after buying an additional 1,450 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Iron Mountain were worth $1,430,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new position in shares of Iron Mountain in the third quarter worth approximately $31,000. West Branch Capital LLC acquired a new position in shares of Iron Mountain in the 3rd quarter worth approximately $33,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Iron Mountain in the 3rd quarter valued at $36,000. Dunhill Financial LLC increased its position in shares of Iron Mountain by 50.5% during 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 raised its stake in Iron Mountain by 86.5% during 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 last quarter. Institutional investors own 80.13% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Mithu Bhargava sold 8,263 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $104.49, for a total transaction 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 $1,364,012.46. The trade was a 38.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William L. Meaney sold 15,875 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $117.96, for a total transaction of $1,872,615.00. Following the completion of the transaction, the chief executive officer now directly owns 295,650 shares in the company, valued at approximately $34,874,874. The trade was a 5.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,016 shares of company stock worth $13,666,427. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on IRM shares. Barclays cut their price target on shares of Iron Mountain from $131.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. BNP Paribas raised Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. StockNews.com lowered Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday, January 28th. Wells Fargo & Company reduced their price objective 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. Finally, Royal Bank of Canada boosted their target price 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. One equities research analyst has rated the stock with a sell rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $129.17.

Iron Mountain Stock Up 0.7 %

Shares of NYSE:IRM opened at $101.31 on Wednesday. Iron Mountain Incorporated has a twelve month low of $66.20 and a twelve month high of $130.24. The stock’s 50 day moving average is $108.43 and its 200-day moving average is $112.67. The firm has a market capitalization of $29.73 billion, a price-to-earnings ratio of 281.42, a PEG ratio of 5.58 and a beta of 1.01.

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.