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

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

ORIX Stock Up 0.1 %

Shares of ORIX stock opened at $103.23 on Thursday. The business has a 50-day moving average of $106.05 and a 200-day moving average of $111.30. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.40 and a quick ratio of 1.37. The company has a market capitalization of $25.08 billion, a PE ratio of 8.90, a P/E/G ratio of 1.08 and a beta of 0.92. ORIX has a 1-year low of $90.57 and a 1-year high of $125.84.

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 the consensus estimate of $2.50 by $0.06. ORIX had a return on equity of 10.01% and a net margin of 14.08%. As a group, equities analysts forecast that ORIX will post 10.9 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Corp Orix sold 3,700,000 shares of ORIX stock in a transaction dated 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 transaction, the insider now directly owns 2,976,077 shares in the company, valued at approximately $224,336,684.26. This trade represents a 55.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On ORIX

Hedge funds have recently bought and sold shares of the company. Lido Advisors LLC bought a new position in ORIX in the fourth quarter worth about $253,000. Northern Trust Corp lifted its holdings 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 worth $22,730,000 after acquiring an additional 82,529 shares during the last quarter. Aquatic Capital Management LLC lifted its holdings in ORIX by 1,310.0% in the fourth quarter. Aquatic Capital Management LLC now owns 1,410 shares of the real estate investment trust’s stock worth $150,000 after acquiring an additional 1,310 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in ORIX by 7.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 211,780 shares of the real estate investment trust’s stock worth $22,497,000 after acquiring an additional 14,140 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in ORIX in the fourth quarter worth about $1,847,000. 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.