Iron Mountain Incorporated $IRM Shares Sold by Candriam S.C.A.

Candriam S.C.A. reduced its position in Iron Mountain Incorporated (NYSE:IRM) by 17.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,106 shares of the financial services provider’s stock after selling 12,617 shares during the period. Candriam S.C.A.’s holdings in Iron Mountain were worth $6,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC increased its stake in shares of Iron Mountain by 3.6% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 2,929 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 103 shares in the last quarter. Continuum Advisory LLC grew its holdings in Iron Mountain by 5.3% in the third quarter. Continuum Advisory LLC now owns 2,077 shares of the financial services provider’s stock valued at $212,000 after purchasing an additional 104 shares during the period. Natural Investments LLC increased its position in shares of Iron Mountain by 3.1% in the third quarter. Natural Investments LLC now owns 3,581 shares of the financial services provider’s stock valued at $365,000 after buying an additional 107 shares in the last quarter. Merit Financial Group LLC raised its stake in shares of Iron Mountain by 0.5% during the 3rd quarter. Merit Financial Group LLC now owns 19,930 shares of the financial services provider’s stock worth $2,032,000 after buying an additional 109 shares during the period. Finally, Seelaus Asset Management LLC lifted its position in shares of Iron Mountain by 4.5% during the 3rd quarter. Seelaus Asset Management LLC now owns 2,900 shares of the financial services provider’s stock valued at $296,000 after buying an additional 125 shares in the last quarter. 80.13% of the stock is owned by hedge funds and other institutional investors.

Iron Mountain Stock Performance

NYSE:IRM opened at $100.31 on Thursday. Iron Mountain Incorporated has a one year low of $72.33 and a one year high of $108.15. The stock has a market cap of $29.65 billion, a PE ratio of 189.27 and a beta of 1.16. The stock has a 50 day moving average price of $87.87 and a 200 day moving average price of $93.53.

Analysts Set New Price Targets

IRM has been the subject of several recent analyst reports. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Barclays reissued an “overweight” rating and set a $126.00 target price on shares of Iron Mountain in a research note on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on Iron Mountain from $100.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Iron Mountain currently has an average rating of “Moderate Buy” and a consensus target price of $113.00.

Insider Buying and Selling at Iron Mountain

In other news, CEO William L. Meaney sold 69,125 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $83.34, for a total transaction of $5,760,877.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $83.10, for a total transaction of $498,600.00. Following the completion of the sale, the executive vice president directly owned 55,081 shares of the company’s stock, valued at $4,577,231.10. This represents a 9.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 119,607 shares of company stock worth $9,970,025. Insiders own 1.90% of the company’s stock.

Iron Mountain Profile

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.