Orix Corp Ads (NYSE:IX) Sees Strong Trading Volume – Here’s Why

Orix Corp Ads (NYSE:IX) saw an uptick in trading volume on Thursday . 190,822 shares changed hands during mid-day trading, a decline of 42% from the previous session’s volume of 328,829 shares.The stock last traded at $37.5050 and had previously closed at $37.51.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on IX shares. Zacks Research cut Orix Corp Ads from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Weiss Ratings raised Orix Corp Ads from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen downgraded Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Orix Corp Ads Price Performance

The company has a 50-day moving average of $39.56 and a two-hundred day moving average of $35.83. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.15 and a quick ratio of 2.07. The stock has a market capitalization of $42.81 billion, a PE ratio of 10.65, a P/E/G ratio of 0.68 and a beta of 0.88.

Orix Corp Ads (NYSE:IX) last posted its quarterly earnings results on Tuesday, June 30th. The real estate investment trust reported $1.57 EPS for the quarter. Orix Corp Ads had a return on equity of 13.11% and a net margin of 18.02%.The company had revenue of $7.06 billion during the quarter. Sell-side analysts predict that Orix Corp Ads will post 5.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Orix Corp Ads

A number of institutional investors have recently bought and sold shares of the stock. Truist Financial Corp increased its position in Orix Corp Ads by 4.1% during the fourth quarter. Truist Financial Corp now owns 8,527 shares of the real estate investment trust’s stock worth $249,000 after purchasing an additional 337 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Orix Corp Ads by 1.1% in the 4th quarter. Corient Private Wealth LLC now owns 35,114 shares of the real estate investment trust’s stock valued at $1,026,000 after purchasing an additional 367 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Orix Corp Ads by 2.8% in the 3rd quarter. Franklin Resources Inc. now owns 16,147 shares of the real estate investment trust’s stock valued at $422,000 after purchasing an additional 445 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of Orix Corp Ads by 2.7% during the 2nd quarter. Raymond James Financial Inc. now owns 17,157 shares of the real estate investment trust’s stock valued at $386,000 after buying an additional 457 shares during the period. Finally, V Square Quantitative Management LLC grew its stake in shares of Orix Corp Ads by 40.7% during the 1st quarter. V Square Quantitative Management LLC now owns 1,617 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 468 shares during the period. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

Orix Corp Ads Company Profile

ORIX Corporation ADS (NYSE: IX) is the American depositary share listing of ORIX Corporation, a diversified financial services group headquartered in Tokyo, Japan. The company operates across multiple business lines that include leasing and lending, real estate, investment and asset management, and a range of retail and corporate financial services. ORIX’s ADS program allows U.S. investors to access ownership in the Tokyo-based group through shares traded on the New York Stock Exchange.

Core activities include equipment leasing and installment financing for corporate customers, corporate lending and structured finance, and real estate development and property management.