Dimensional Fund Advisors LP Cuts Stock Holdings in ORIX Co. (NYSE:IX)

Dimensional Fund Advisors LP reduced its stake in ORIX Co. (NYSE:IX) by 6.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,904 shares of the real estate investment trust’s stock after selling 906 shares during the period. Dimensional Fund Advisors LP’s holdings in ORIX were worth $1,436,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Addison Advisors LLC purchased a new position in ORIX in the second quarter worth approximately $29,000. EverSource Wealth Advisors LLC lifted its position in shares of ORIX by 44.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 453 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 140 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of ORIX by 573.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 465 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 396 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of ORIX by 27.7% during the first quarter. GAMMA Investing LLC now owns 840 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 182 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in ORIX by 135.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 842 shares of the real estate investment trust’s stock valued at $93,000 after buying an additional 485 shares during the last quarter. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

ORIX Stock Performance

Shares of IX opened at $112.17 on Friday. The company has a market capitalization of $26.05 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 0.95 and a beta of 0.90. ORIX Co. has a 52-week low of $86.05 and a 52-week high of $125.84. The company has a quick ratio of 1.77, a current ratio of 1.81 and a debt-to-equity ratio of 1.38. The stock has a 50 day moving average price of $117.95 and a 200 day moving average price of $112.24.

ORIX (NYSE:IX) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $2.41 earnings per share for the quarter. The business had revenue of $4.54 billion during the quarter. ORIX had a net margin of 13.01% and a return on equity of 9.29%. Research analysts predict that ORIX Co. will post 11.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded ORIX from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th.

ORIX Profile

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.