Geneos Wealth Management Inc. Sells 164 Shares of Iron Mountain Incorporated $IRM

Geneos Wealth Management Inc. reduced its position in Iron Mountain Incorporated (NYSE:IRM) by 14.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 978 shares of the financial services provider’s stock after selling 164 shares during the period. Geneos Wealth Management Inc.’s holdings in Iron Mountain were worth $84,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Whittier Trust Co. increased its stake in Iron Mountain by 3.4% in the first quarter. Whittier Trust Co. now owns 3,265 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 108 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in shares of Iron Mountain by 3.7% during the 1st quarter. Stratos Wealth Partners LTD. now owns 3,312 shares of the financial services provider’s stock valued at $285,000 after purchasing an additional 118 shares during the last quarter. Diversify Advisory Services LLC increased its position in shares of Iron Mountain by 1.9% during the 1st quarter. Diversify Advisory Services LLC now owns 6,480 shares of the financial services provider’s stock valued at $572,000 after purchasing an additional 123 shares during the last quarter. NorthRock Partners LLC increased its position in shares of Iron Mountain by 2.6% during the 1st quarter. NorthRock Partners LLC now owns 5,075 shares of the financial services provider’s stock valued at $440,000 after purchasing an additional 131 shares during the last quarter. Finally, Financial Management Professionals Inc. increased its position in shares of Iron Mountain by 2.6% during the 1st quarter. Financial Management Professionals Inc. now owns 5,574 shares of the financial services provider’s stock valued at $480,000 after purchasing an additional 140 shares during the last quarter. 80.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 69,125 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $100.36, for a total value of $6,937,385.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Greg W. Mcintosh sold 17,334 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $100.00, for a total transaction of $1,733,400.00. Following the completion of the transaction, the executive vice president owned 35,446 shares in the company, valued at $3,544,600. The trade was a 32.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 236,709 shares of company stock worth $22,555,809 over the last quarter. Company insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

IRM has been the topic of a number of recent research reports. Barclays increased their price target on shares of Iron Mountain from $121.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. reduced their target price on shares of Iron Mountain from $112.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $120.17.

Iron Mountain Price Performance

Shares of Iron Mountain stock opened at $99.47 on Thursday. The stock has a market cap of $29.38 billion, a price-to-earnings ratio of 710.54 and a beta of 1.08. The firm’s 50-day moving average is $94.94 and its 200 day moving average is $93.52. Iron Mountain Incorporated has a 1 year low of $72.33 and a 1 year high of $130.24.

Iron Mountain (NYSE:IRM) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.05. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.68 billion. Iron Mountain had a net margin of 0.66% and a negative return on equity of 146.80%. The business’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.08 earnings per share. On average, equities analysts expect that Iron Mountain Incorporated will post 4.54 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Monday, September 15th will be issued a $0.785 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.14 dividend on an annualized basis and a yield of 3.2%. Iron Mountain’s dividend payout ratio is currently 2,242.86%.

Iron Mountain 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.