ORIX (NYSE:IX) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of ORIX (NYSE:IX) from a buy rating to a hold rating in a research report released on Friday morning.

ORIX Stock Down 1.7 %

Shares of ORIX stock opened at $99.99 on Friday. The stock has a 50-day moving average price of $104.87 and a 200 day moving average price of $110.87. The company has a market cap of $24.30 billion, a P/E ratio of 8.69, a P/E/G ratio of 0.97 and a beta of 0.92. The company has a current ratio of 1.77, a quick ratio of 1.73 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.

ORIX (NYSE:IX) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.06. ORIX had a return on equity of 9.73% and a net margin of 13.66%. As a group, analysts expect that ORIX will post 11.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Corp Orix sold 3,700,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $75.38, for a total transaction of $278,906,000.00. Following the completion of the sale, the insider now directly owns 2,976,077 shares of the company’s stock, valued at $224,336,684.26. This trade represents a 55.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.08% of the company’s stock.

Institutional Investors Weigh In On ORIX

A number of hedge funds and other institutional investors have recently made changes to their positions in IX. Wilmington Savings Fund Society FSB acquired a new position in shares of ORIX during the 3rd quarter valued at about $80,000. SG Americas Securities LLC acquired a new position in shares of ORIX during the 4th quarter valued at about $123,000. Smartleaf Asset Management LLC increased its holdings in shares of ORIX by 282.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 941 shares during the last quarter. Aquatic Capital Management LLC increased its holdings in shares of ORIX by 1,310.0% during the 4th quarter. Aquatic Capital Management LLC now owns 1,410 shares of the real estate investment trust’s stock valued at $150,000 after acquiring an additional 1,310 shares during the last quarter. Finally, Gitterman Wealth Management LLC increased its holdings in shares of ORIX by 9.2% during the 4th quarter. Gitterman Wealth Management LLC now owns 1,927 shares of the real estate investment trust’s stock valued at $205,000 after acquiring an additional 162 shares during the last quarter. 1.73% of the stock is owned by hedge funds and other institutional investors.

About ORIX

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.