ORIX (NYSE:IX) Stock Rating Lowered by StockNews.com

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

ORIX Stock Up 0.2 %

NYSE IX opened at $101.60 on Friday. The stock’s 50 day simple moving average is $105.26 and its 200 day simple moving average is $110.94. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.77 and a quick ratio of 1.73. ORIX has a one year low of $90.57 and a one year high of $125.84. The firm has a market cap of $24.69 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 0.97 and a beta of 0.92.

ORIX (NYSE:IX) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.06. ORIX had a return on equity of 9.73% and a net margin of 13.66%. As a group, sell-side analysts forecast that ORIX will post 11.31 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Corp Orix sold 3,700,000 shares of ORIX stock in a transaction on Friday, December 13th. The stock was sold at an average price of $75.38, for a total transaction of $278,906,000.00. Following the completion of the sale, the insider now directly owns 2,976,077 shares of the company’s stock, valued at $224,336,684.26. The trade was a 55.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ORIX

Several institutional investors have recently modified their holdings of the stock. Mount Yale Investment Advisors LLC increased its holdings in shares of ORIX by 3.0% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,375 shares of the real estate investment trust’s stock worth $465,000 after acquiring an additional 129 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of ORIX by 1.7% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 8,183 shares of the real estate investment trust’s stock worth $950,000 after buying an additional 134 shares during the last quarter. PDS Planning Inc grew its holdings in shares of ORIX by 7.0% in the 3rd quarter. PDS Planning Inc now owns 2,229 shares of the real estate investment trust’s stock valued at $259,000 after acquiring an additional 146 shares in the last quarter. Caprock Group LLC increased its position in shares of ORIX by 3.5% in the fourth quarter. Caprock Group LLC now owns 4,419 shares of the real estate investment trust’s stock valued at $469,000 after acquiring an additional 148 shares during the last quarter. Finally, Gitterman Wealth Management LLC raised its holdings in ORIX by 9.2% during the fourth quarter. Gitterman Wealth Management LLC now owns 1,927 shares of the real estate investment trust’s stock worth $205,000 after acquiring an additional 162 shares in the last quarter. 1.73% of the stock is currently owned by institutional investors and hedge funds.

About ORIX

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.