ORIX (NYSE:IX) Reaches New 12-Month High at $119.49

ORIX Co. (NYSE:IX) reached a new 52-week high on Wednesday . The company traded as high as $119.49 and last traded at $119.48, with a volume of 2174 shares trading hands. The stock had previously closed at $117.96.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of ORIX from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th.

ORIX Stock Up 0.9 %

The company has a quick ratio of 1.75, a current ratio of 1.79 and a debt-to-equity ratio of 1.40. The firm has a market cap of $27.65 billion, a P/E ratio of 11.49 and a beta of 0.90. The stock’s 50-day simple moving average is $110.01 and its 200 day simple moving average is $105.01.

ORIX (NYSE:IX) last announced its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $3.71 earnings per share for the quarter. ORIX had a net margin of 12.25% and a return on equity of 8.88%. The firm had revenue of $5.19 billion for the quarter. As a group, research analysts forecast that ORIX Co. will post 10.58 EPS for the current fiscal year.

Hedge Funds Weigh In On ORIX

Several institutional investors have recently made changes to their positions in the stock. CWM LLC raised its position in ORIX by 10.8% during the second quarter. CWM LLC now owns 956 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 93 shares in the last quarter. Kathmere Capital Management LLC raised its position in ORIX by 3.1% during the first quarter. Kathmere Capital Management LLC now owns 4,244 shares of the real estate investment trust’s stock valued at $468,000 after purchasing an additional 126 shares in the last quarter. Aaron Wealth Advisors LLC raised its position in ORIX by 5.5% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,475 shares of the real estate investment trust’s stock valued at $231,000 after purchasing an additional 129 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in ORIX by 44.7% during the first quarter. EverSource Wealth Advisors LLC now owns 453 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 140 shares in the last quarter. Finally, US Bancorp DE raised its position in ORIX by 2.2% during the fourth quarter. US Bancorp DE now owns 6,530 shares of the real estate investment trust’s stock valued at $610,000 after purchasing an additional 143 shares in the last quarter. Institutional investors and hedge funds own 1.73% of the company’s stock.

ORIX Company 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.