Nepsis Inc. Sells 48,268 Shares of Iron Mountain Incorporated (NYSE:IRM)

Nepsis Inc. trimmed its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 50.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 48,314 shares of the financial services provider’s stock after selling 48,268 shares during the quarter. Iron Mountain comprises about 0.7% of Nepsis Inc.’s portfolio, making the stock its 22nd biggest holding. Nepsis Inc.’s holdings in Iron Mountain were worth $5,078,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Exchange Traded Concepts LLC boosted its position in shares of Iron Mountain by 151.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 9,147 shares of the financial services provider’s stock worth $961,000 after acquiring an additional 5,511 shares in the last quarter. Secure Asset Management LLC increased its stake in shares of Iron Mountain by 2.4% in the 4th quarter. Secure Asset Management LLC now owns 5,358 shares of the financial services provider’s stock valued at $563,000 after purchasing an additional 127 shares during the last quarter. Wesbanco Bank Inc. raised its holdings in shares of Iron Mountain by 17.4% during the 4th quarter. Wesbanco Bank Inc. now owns 2,329 shares of the financial services provider’s stock worth $245,000 after buying an additional 345 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Iron Mountain by 4.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 92,363 shares of the financial services provider’s stock worth $9,708,000 after buying an additional 4,350 shares during the last quarter. Finally, Aspire Private Capital LLC boosted its stake in Iron Mountain by 2.7% in the fourth quarter. Aspire Private Capital LLC now owns 9,638 shares of the financial services provider’s stock valued at $1,013,000 after buying an additional 255 shares in the last quarter. 80.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 15,872 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $112.99, for a total value of $1,793,377.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction on Monday, November 11th. The shares were sold at an average price of $118.97, for a total transaction of $1,888,648.75. Following the completion of the sale, the chief executive officer now owns 295,650 shares of the company’s stock, valued at $35,173,480.50. This represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 125,016 shares of company stock worth $13,666,427 over the last quarter. Company insiders own 2.10% of the company’s stock.

Iron Mountain Price Performance

Shares of IRM stock opened at $111.17 on Friday. The stock has a market capitalization of $32.62 billion, a PE ratio of 308.81, a PEG ratio of 6.05 and a beta of 1.02. The business’s 50 day simple moving average is $110.88 and its 200 day simple moving average is $112.24. Iron Mountain Incorporated has a one year low of $66.20 and a one year high of $130.24.

Iron Mountain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Monday, December 16th. Iron Mountain’s dividend payout ratio is presently 794.47%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on IRM shares. Royal Bank of Canada increased their target price on shares of Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Wells Fargo & Company increased their price objective on shares of Iron Mountain from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. BNP Paribas upgraded shares of Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Finally, Barclays cut their price objective on Iron Mountain from $133.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $131.00.

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.