ORIX (NYSE:IX) Upgraded at StockNews.com

ORIX (NYSE:IX) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

ORIX Trading Up 0.0 %

Shares of IX stock opened at $20.47 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.73 and a debt-to-equity ratio of 1.38. ORIX has a twelve month low of $18.11 and a twelve month high of $25.17. The company’s 50-day moving average price is $102.78 and its 200-day moving average price is $109.95. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 1.78, a PEG ratio of 0.97 and a beta of 0.92.

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

Insiders Place Their Bets

In other ORIX news, major shareholder Corp Orix sold 3,700,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $75.38, for a total value of $278,906,000.00. Following the transaction, the insider now owns 2,976,077 shares of the company’s stock, valued at $224,336,684.26. This represents a 55.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.08% of the stock is owned by insiders.

Institutional Investors Weigh In On ORIX

A number of institutional investors and hedge funds have recently made changes to their positions in IX. FMR LLC increased its holdings in ORIX by 9.9% in the 3rd quarter. FMR LLC now owns 647,689 shares of the real estate investment trust’s stock valued at $75,164,000 after purchasing an additional 58,178 shares during the last quarter. Bank of America Corp DE grew its stake in shares of ORIX by 1.3% in the fourth quarter. Bank of America Corp DE now owns 424,770 shares of the real estate investment trust’s stock valued at $45,123,000 after buying an additional 5,301 shares in the last quarter. Todd Asset Management LLC raised its holdings in shares of ORIX by 0.6% in the 4th quarter. Todd Asset Management LLC now owns 346,220 shares of the real estate investment trust’s stock valued at $36,779,000 after buying an additional 2,224 shares during the period. Northern Trust Corp lifted its stake in ORIX by 62.8% during the 4th quarter. Northern Trust Corp now owns 213,971 shares of the real estate investment trust’s stock worth $22,730,000 after acquiring an additional 82,529 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in ORIX by 7.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 211,780 shares of the real estate investment trust’s stock valued at $22,497,000 after acquiring an additional 14,140 shares during the period. 1.73% of the stock is owned by hedge funds and other institutional investors.

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.