ORIX (NYSE:IX) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of ORIX (NYSE:IX) from a hold rating to a buy rating in a research report report published on Saturday.

ORIX Price Performance

Shares of IX opened at $20.77 on Friday. The firm has a market cap of $25.23 billion, a PE ratio of 1.81, a price-to-earnings-growth ratio of 0.97 and a beta of 0.92. ORIX has a 52-week low of $18.11 and a 52-week high of $25.17. The business’s 50 day moving average price is $101.08 and its two-hundred day moving average price is $109.18. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.73 and a current ratio of 1.77.

ORIX (NYSE:IX) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.06. ORIX had a net margin of 13.66% and a return on equity of 9.73%. On average, equities analysts anticipate that ORIX will post 11.31 EPS for the current year.

Insider Transactions at ORIX

In related news, major shareholder Corp Orix sold 3,700,000 shares of ORIX stock in a transaction on 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 completion of the sale, the insider now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.08% of the company’s stock.

Institutional Investors Weigh In On ORIX

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of ORIX by 9.9% during the 3rd quarter. FMR LLC now owns 647,689 shares of the real estate investment trust’s stock worth $75,164,000 after purchasing an additional 58,178 shares during the period. Bank of America Corp DE increased its holdings in ORIX by 1.3% during the fourth quarter. Bank of America Corp DE now owns 424,770 shares of the real estate investment trust’s stock worth $45,123,000 after buying an additional 5,301 shares during the last quarter. Todd Asset Management LLC raised its position in ORIX by 0.6% in the fourth quarter. Todd Asset Management LLC now owns 346,220 shares of the real estate investment trust’s stock worth $36,779,000 after acquiring an additional 2,224 shares during the period. Northern Trust Corp boosted its stake in ORIX by 62.8% in the fourth quarter. Northern Trust Corp now owns 213,971 shares of the real estate investment trust’s stock valued at $22,730,000 after acquiring an additional 82,529 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of 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 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.