Nepsis Inc. Sells 7,244 Shares of Iron Mountain Incorporated (NYSE:IRM)

Nepsis Inc. trimmed its position in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 15.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,070 shares of the financial services provider's stock after selling 7,244 shares during the period. Iron Mountain comprises approximately 0.9% of Nepsis Inc.'s portfolio, making the stock its 26th biggest holding. Nepsis Inc.'s holdings in Iron Mountain were worth $3,534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in shares of Iron Mountain during the fourth quarter worth approximately $102,000. Strategic Financial Concepts LLC grew its position in Iron Mountain by 10,432.5% in the 4th quarter. Strategic Financial Concepts LLC now owns 242,564 shares of the financial services provider's stock worth $243,000 after purchasing an additional 240,261 shares during the last quarter. Ensign Peak Advisors Inc increased its holdings in shares of Iron Mountain by 3.5% during the 4th quarter. Ensign Peak Advisors Inc now owns 232,200 shares of the financial services provider's stock worth $24,407,000 after purchasing an additional 7,759 shares during the period. Van ECK Associates Corp raised its position in shares of Iron Mountain by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 55,571 shares of the financial services provider's stock valued at $5,841,000 after buying an additional 5,150 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its stake in Iron Mountain by 3.7% during the fourth quarter. Vontobel Holding Ltd. now owns 4,668 shares of the financial services provider's stock valued at $491,000 after acquiring an additional 168 shares during the period. Institutional investors and hedge funds own 80.13% of the company's stock.

Iron Mountain Stock Down 0.5%

NYSE IRM traded down $0.56 on Friday, reaching $101.96. The company had a trading volume of 289,280 shares, compared to its average volume of 1,846,334. Iron Mountain Incorporated has a 52 week low of $72.33 and a 52 week high of $130.24. The stock's 50 day moving average is $92.92 and its 200-day moving average is $97.78. The stock has a market cap of $30.08 billion, a price-to-earnings ratio of 167.22, a PEG ratio of 5.15 and a beta of 1.09.

Iron Mountain (NYSE:IRM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.01. Iron Mountain had a net margin of 2.95% and a negative return on equity of 401.83%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter last year, the firm earned $1.10 EPS. Iron Mountain's quarterly revenue was up 7.9% compared to the same quarter last year. As a group, analysts forecast that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Monday, June 16th will be issued a dividend of $0.785 per share. This represents a $3.14 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Monday, June 16th. Iron Mountain's dividend payout ratio (DPR) is presently 765.85%.

Insider Activity at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 69,125 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $96.09, for a total transaction of $6,642,221.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Greg W. Mcintosh sold 8,398 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $96.14, for a total value of $807,383.72. Following the transaction, the executive vice president now directly owns 70,114 shares of the company's stock, valued at $6,740,759.96. This represents a 10.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 216,673 shares of company stock worth $20,319,408. 1.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

IRM has been the topic of a number of research reports. Wall Street Zen upgraded Iron Mountain from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. JPMorgan Chase & Co. lowered their target price on shares of Iron Mountain from $125.00 to $112.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Truist Financial initiated coverage on Iron Mountain in a report on Tuesday, April 8th. They set a "buy" rating and a $95.00 price objective for the company. Finally, Barclays boosted their target price on shares of Iron Mountain from $118.00 to $121.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 27th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $121.71.

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.