ORIX (NYSE:IX) Shares Gap Up to $121.79

Shares of ORIX Co. (NYSE:IX) gapped up before the market opened on Monday . The stock had previously closed at $121.79, but opened at $125.00. ORIX shares last traded at $123.04, with a volume of 4,250 shares traded.

Analyst Upgrades and Downgrades

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

ORIX Stock Up 0.0 %

The firm has a market cap of $28.29 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 1.02 and a beta of 0.91. The business has a fifty day simple moving average of $117.53 and a 200 day simple moving average of $111.06. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.81 and a quick ratio of 1.77.

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

Institutional Investors Weigh In On ORIX

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Addison Advisors LLC purchased a new stake in shares of ORIX in the 2nd quarter valued at approximately $29,000. EverSource Wealth Advisors LLC lifted its stake in shares of ORIX by 44.7% in the 1st 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 during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of ORIX by 573.9% during the 1st 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 during the period. GAMMA Investing LLC increased its position in shares of ORIX by 27.7% during the 1st 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 during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in ORIX by 135.9% in the 1st 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 period. 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.