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

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

ORIX Stock Performance

ORIX stock opened at $103.14 on Thursday. The company has a market cap of $25.06 billion, a PE ratio of 8.89, a PEG ratio of 1.08 and a beta of 0.92. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 1.38. ORIX has a 1 year low of $90.57 and a 1 year high of $125.84. The company’s 50-day moving average is $106.26 and its two-hundred day moving average is $111.36.

ORIX (NYSE:IX) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.06. ORIX had a return on equity of 10.01% and a net margin of 14.08%. Equities analysts anticipate that ORIX will post 10.9 earnings per share for the current year.

Insider Activity at ORIX

In other ORIX news, major shareholder Corp Orix sold 3,700,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $75.38, for a total transaction of $278,906,000.00. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.08% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ORIX

Several large investors have recently made changes to their positions in IX. Truist Financial Corp increased its holdings in ORIX by 4.7% during the 2nd quarter. Truist Financial Corp now owns 1,915 shares of the real estate investment trust’s stock worth $213,000 after purchasing an additional 86 shares in the last quarter. Creative Planning raised its position in ORIX by 6.6% in the 3rd quarter. Creative Planning now owns 4,676 shares of the real estate investment trust’s stock valued at $543,000 after buying an additional 291 shares during the last quarter. Aaron Wealth Advisors LLC lifted its stake in ORIX by 7.3% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 3,929 shares of the real estate investment trust’s stock valued at $456,000 after acquiring an additional 269 shares in the last quarter. Net Worth Advisory Group acquired a new position in ORIX during the 3rd quarter worth approximately $289,000. Finally, Blue Trust Inc. grew its stake in shares of ORIX by 186.9% during the 3rd quarter. Blue Trust Inc. now owns 4,599 shares of the real estate investment trust’s stock worth $512,000 after acquiring an additional 2,996 shares in the last quarter. Institutional investors 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.