Bank of America Corp DE Takes $141.32 Million Position in Iron Mountain Incorporated $IRM

Bank of America Corp DE purchased a new stake in shares of Iron Mountain Incorporated (NYSE:IRM – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,118,827 shares of the financial services provider’s stock, valued at approximately $141,319,000. Bank of America Corp DE owned approximately 0.38% of Iron Mountain at the end of the most recent quarter.

Canada Pension Plan Investment Board acquired a new stake in shares of Iron Mountain in the second quarter worth $3,709,000. Sanctuary Advisors LLC acquired a new stake in Iron Mountain during the second quarter worth about $17,300,000. BDFS Capital LLC bought a new stake in shares of Iron Mountain during the fourth quarter valued at approximately $340,000. Deutsche Bank AG bought a new stake in shares of Iron Mountain during the second quarter valued at approximately $385,129,000. Finally, Allstate Corp raised its stake in shares of Iron Mountain by 105.1% in the fourth quarter. Allstate Corp now owns 22,427 shares of the financial services provider’s stock valued at $1,860,000 after purchasing an additional 11,492 shares in the last quarter. 80.13% of the stock is owned by institutional investors and hedge funds.

CEO William L. Meaney sold 38,474 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $114.08, for a total value of $4,389,113.92. Following the completion of the sale, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $4,389,113.92. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $115.60, for a total value of $693,600.00. Following the completion of the transaction, the executive vice president directly owned 95,507 shares of the company’s stock, valued at $11,040,609.20. This represents a 5.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 132,422 shares of company stock worth $15,803,807 in the last three months. Insiders own 1.70% of the company’s stock.

Truist Financial lifted their price target on shares of Iron Mountain from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Wall Street Zen cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings downgraded shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Barclays upped their target price on shares of Iron Mountain from $143.00 to $144.00 and gave the company an “overweight” rating in a research note on Tuesday, September 8th. Finally, Wells Fargo & Company raised their price target on shares of Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock.