ORIX (NYSE:IX) Upgraded at StockNews.com

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

ORIX Stock Performance

NYSE:IX opened at $20.77 on Friday. ORIX has a twelve month low of $18.11 and a twelve month high of $25.17. The company has a quick ratio of 1.73, a current ratio of 1.77 and a debt-to-equity ratio of 1.38. The stock’s 50-day simple moving average is $101.08 and its 200 day simple moving average is $109.18. The firm has a market capitalization 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 (NYSE:IX) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $2.56 EPS 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, analysts anticipate that ORIX will post 11.31 EPS for the current fiscal year.

Insider Activity at ORIX

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 completion of the sale, the insider now directly owns 2,976,077 shares in the company, valued at $224,336,684.26. This represents a 55.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC raised its position in shares of ORIX by 9.9% during the third quarter. FMR LLC now owns 647,689 shares of the real estate investment trust’s stock worth $75,164,000 after acquiring an additional 58,178 shares during the last quarter. Bank of America Corp DE raised its holdings in ORIX by 1.3% during the 4th quarter. Bank of America Corp DE now owns 424,770 shares of the real estate investment trust’s stock worth $45,123,000 after purchasing an additional 5,301 shares during the last quarter. Todd Asset Management LLC raised its holdings in ORIX by 0.6% during the 4th quarter. Todd Asset Management LLC now owns 346,220 shares of the real estate investment trust’s stock worth $36,779,000 after purchasing an additional 2,224 shares during the last quarter. Northern Trust Corp lifted its position in shares of ORIX by 62.8% in the 4th quarter. Northern Trust Corp now owns 213,971 shares of the real estate investment trust’s stock worth $22,730,000 after purchasing an additional 82,529 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of ORIX by 7.2% in 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 purchasing an additional 14,140 shares during the last quarter. 1.73% of the stock is 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.