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

StockNews.com downgraded shares of ORIX (NYSE:IX) from a buy rating to a hold rating in a research note issued to investors on Friday.

ORIX Price Performance

ORIX stock opened at $99.99 on Friday. The business has a 50 day simple moving average of $104.87 and a 200 day simple moving average of $110.87. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.77 and a quick ratio of 1.73. ORIX has a one year low of $90.57 and a one year high of $125.84. The company has a market capitalization of $24.30 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 0.97 and a beta of 0.92.

ORIX (NYSE:IX) last released its earnings results on Monday, February 10th. The real estate investment trust reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.06. ORIX had a return on equity of 9.73% and a net margin of 13.66%. On average, sell-side analysts forecast that ORIX will post 11.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Corp Orix sold 3,700,000 shares of ORIX stock in a transaction on 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. The trade was a 55.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is owned by insiders.

Institutional Investors Weigh In On ORIX

A number of institutional investors have recently made changes to their positions in IX. Mount Yale Investment Advisors LLC grew its stake in ORIX by 3.0% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,375 shares of the real estate investment trust’s stock valued at $465,000 after acquiring an additional 129 shares during the period. Orion Portfolio Solutions LLC grew its stake in ORIX by 1.7% in the third quarter. Orion Portfolio Solutions LLC now owns 8,183 shares of the real estate investment trust’s stock valued at $950,000 after acquiring an additional 134 shares during the period. PDS Planning Inc grew its stake in ORIX by 7.0% in the third quarter. PDS Planning Inc now owns 2,229 shares of the real estate investment trust’s stock valued at $259,000 after acquiring an additional 146 shares during the period. Caprock Group LLC grew its stake in ORIX by 3.5% in the fourth quarter. Caprock Group LLC now owns 4,419 shares of the real estate investment trust’s stock valued at $469,000 after acquiring an additional 148 shares during the period. Finally, Gitterman Wealth Management LLC grew its stake in ORIX by 9.2% in the fourth 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 period. 1.73% of the stock is owned by institutional investors and hedge funds.

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.