StockNews.com Upgrades ORIX (NYSE:IX) to Buy

ORIX (NYSE:IX) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

ORIX Trading Up 0.1 %

Shares of ORIX stock opened at $103.23 on Thursday. ORIX has a fifty-two week low of $90.57 and a fifty-two week high of $125.84. The firm has a market cap of $25.08 billion, a PE ratio of 8.90, a P/E/G ratio of 1.08 and a beta of 0.92. The business’s fifty day moving average is $106.05 and its two-hundred day moving average is $111.30. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 1.38.

ORIX (NYSE:IX) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.06. ORIX had a return on equity of 10.01% and a net margin of 14.08%. Analysts anticipate that ORIX will post 10.9 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Corp Orix sold 3,700,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $75.38, for a total value of $278,906,000.00. Following the transaction, the insider now directly owns 2,976,077 shares of the company’s stock, valued at approximately $224,336,684.26. This trade represents a 55.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.08% of the company’s stock.

Institutional Trading of ORIX

Large investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new stake in ORIX in the 3rd quarter valued at $80,000. SG Americas Securities LLC acquired a new stake in ORIX in the 4th quarter valued at $123,000. Smartleaf Asset Management LLC increased its holdings in ORIX by 282.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 941 shares in the last quarter. Aquatic Capital Management LLC increased its holdings in ORIX by 1,310.0% in the 4th quarter. Aquatic Capital Management LLC now owns 1,410 shares of the real estate investment trust’s stock valued at $150,000 after purchasing an additional 1,310 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in ORIX by 26.9% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,438 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 305 shares in the last quarter. 1.73% of the stock is currently owned by institutional investors and hedge funds.

ORIX Company Profile

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.