Nepsis Inc. Sells 8,052 Shares of Iron Mountain Incorporated $IRM

Nepsis Inc. cut its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 25.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,942 shares of the financial services provider’s stock after selling 8,052 shares during the period. Iron Mountain comprises 0.8% of Nepsis Inc.’s portfolio, making the stock its 26th biggest position. Nepsis Inc.’s holdings in Iron Mountain were worth $2,441,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Iron Mountain during the second quarter valued at $51,000. Caitong International Asset Management Co. Ltd grew its holdings in Iron Mountain by 111.7% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 650 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 343 shares in the last quarter. City Holding Co. purchased a new position in Iron Mountain during the 3rd quarter valued at about $68,000. CYBER HORNET ETFs LLC bought a new stake in shares of Iron Mountain in the 2nd quarter valued at about $79,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Iron Mountain in the 2nd quarter valued at about $81,000. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Iron Mountain Price Performance

Iron Mountain stock opened at $89.16 on Friday. Iron Mountain Incorporated has a 1-year low of $72.33 and a 1-year high of $112.18. The business has a fifty day moving average price of $87.17 and a 200-day moving average price of $94.66. The stock has a market capitalization of $26.36 billion, a price-to-earnings ratio of 168.23 and a beta of 1.13.

Iron Mountain (NYSE:IRM) last released its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.03. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Iron Mountain had a negative return on equity of 112.70% and a net margin of 2.40%.The firm’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the business posted $1.13 earnings per share. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. On average, equities research analysts anticipate that Iron Mountain Incorporated will post 4.54 earnings per share for the current fiscal year.

Iron Mountain Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were given a $0.864 dividend. This represents a $3.46 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, December 15th. This is an increase from Iron Mountain’s previous quarterly dividend of $0.79. Iron Mountain’s payout ratio is 652.83%.

Insider Activity at Iron Mountain

In other news, EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $83.10, for a total transaction of $498,600.00. Following the sale, the executive vice president directly owned 55,081 shares of the company’s stock, valued at $4,577,231.10. The trade was a 9.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William L. Meaney sold 38,482 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $83.17, for a total value of $3,200,547.94. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 202,038 shares of company stock worth $18,424,270. 1.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

IRM has been the topic of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of Iron Mountain from $100.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Jefferies Financial Group assumed coverage on Iron Mountain in a report on Monday, September 22nd. They issued a “buy” rating and a $120.00 price target on the stock. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a research report on Wednesday, October 8th. Finally, Barclays boosted their target price on shares of Iron Mountain from $122.00 to $123.00 and gave the stock an “overweight” rating in a report on Wednesday, November 12th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $114.80.

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.