Iron Mountain Incorporated (NYSE:IRM) enjoyed a -1.36% run-up in share price since hitting record low of $30.08. The stock managed -7.48% fall and now stands at $29.67 as of 7/11/2019. At a recent session, the prices were hovering between $29.44 and $31.1. This company shares are 20.32% off its target price of $35.7 and the current market capitalization stands at $8.4B. The recent change has given its price a -5.86% deficit over SMA 50 and -20.5% deficit over its 52-week high. The stock witnessed -6.34% declines, -18.06% declines and -13.8% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found IRM’s volatility during a week at 2.5% and during a month it has been found around 2.18%.
What Does Iron Mountain Incorporated (IRM) Do?
The company describes itself in regulatory filings as, “Iron Mountain, Inc. engages in the provision of storage and information management solutions. It operates through the following business segments: North American Records & Information Management Business, North American Data Management Business, Western European Business, Other International Business, Global Data Center Business and Corporate & Other Business. The North American Records & Information Management Business segment offers record management, destruction, and fulfillment services throughout U.S. and Canada. The North American Data Management Business segment handles data protection and recovery, server and computer backup services, and safeguarding of electronic and physical media in U.S. and Canada. The Western European Business segment offers records management, data protection and recovery services, and document management solutions throughout the United Kingdom, Ireland, Austria, Belgium, France, Germany, Netherlands, Spain, and Switzerland. The Other International Business segment offers storage and information management services throughout the remaining European countries, Latin America, the Middle East and Africa. The Global Data Center Business segment provides data center facilities to protect mission-critical assets and ensure the continued operation of its customers IT infrastructures, with secure and reliable colocation and wholesale options. The Corporate & Other Business segment consists of the storage, safeguarding and electronic or physical deliveries of physical media of all types and digital content repository systems to house, distribute, and archive key media assets, primarily for entertainment and media industry clients. The company was founded by Herman Knaust in 1951 and is headquartered in Boston, MA.” [Text can be found here: https://www.marketwatch.com/investing/stock/IRM/profile under company description.]Iron Mountain Incorporated (IRM) Top Holders
Institutional investors currently hold around $8.21 billion or 90.5% in IRM stock. Look at its top three institutional owners: Vanguard Group Inc owns $1.43 billion in Iron Mountain Incorporated, which represents roughly 17.04% of the company’s market cap and approximately 17.42% of the institutional ownership. Similar statistics are true for the second largest owner, Capital World Investors, which owns 33,584,200 shares of the stock are valued at $1.08 billion. The third largest holder is Blackrock Inc., which currently holds $650.11 million worth of this stock and that ownership represents nearly 7.74% of its market capitalization.
At the end of March reporting period, 284 institutional holders increased their position in Iron Mountain Incorporated (NYSE:IRM) by some 16,368,770 shares, 185 decreased positions by 19,057,220 and 93 held positions by 220,662,135. That puts total institutional holdings at 256,088,125 shares, according to SEC filings. The stock grabbed 82 new institutional investments totaling 1,774,976 shares while 36 institutional investors sold out their entire positions totaling 3,558,932 shares.Iron Mountain Incorporated (NYSE:IRM) Insider Trades
Multiple company employees have indulged in significant insider trading. Iron Mountain Incorporated disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director RAKOWICH WALTER C has sold 2,024 shares of Iron Mountain Incorporated (IRM) in the trading session dated May. 28, 2019. These shares are worth $63,695 and were traded at $31.47 each. The SEC filing shows that Brown Stuart B performed a sale of 2,200 shares. The EVP & CFO disposed these shares by way of transaction on May. 03, 2019. The company’s shares were given away at $31.65 per share worth to an income of some $69,630 to the account of Brown Stuart B.
EVP, Adjacent Businesses, MacLean Theodore, sold 3,442 common shares of Iron Mountain Incorporated (IRM) in the open market. In a transaction dated Apr. 22, 2019, the shares were put up for sale at an average price of $35.8, raking in a sum of $123,224. After this sale, 11,204 common shares of IRM are directly owned by the insider, with total stake valued at $332,423.
In the transaction dated Apr. 15, 2019, a great number of shares sold came courtesy the EVP & GM, Int’l; Cloutier Ernest W disposed a total of 46,014 shares at an average price of $36.41, amounting to approximately $1,675,370. The insider now directly owns 63,743 shares worth $1,891,255.Iron Mountain Incorporated (IRM) Analyst Guide
Several analysts have released their opinion on Iron Mountain Incorporated (NYSE:IRM), with 2 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 3 buy, 1 sell and 1 strong sell ratings, collectively assigning a 2.64 average brokerage recommendation [T1].