ORIX (NYSE:IX) Rating Increased to Buy at StockNews.com

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

ORIX Stock Performance

IX opened at $20.47 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.73 and a debt-to-equity ratio of 1.38. The company has a market cap of $4.97 billion, a price-to-earnings ratio of 1.78, a PEG ratio of 0.97 and a beta of 0.92. The company’s 50 day moving average is $102.78 and its 200 day moving average is $109.90. ORIX has a 12-month low of $18.11 and a 12-month high of $25.17.

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

Insiders Place Their Bets

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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is owned by company insiders.

Institutional Investors Weigh In On ORIX

Institutional investors and hedge funds have recently modified their holdings of the stock. ABC Arbitrage SA bought a new stake in shares of ORIX during the fourth quarter valued at approximately $865,000. International Assets Investment Management LLC bought a new stake in shares of ORIX during the third quarter valued at approximately $4,256,000. JPMorgan Chase & Co. raised its position in shares of ORIX by 198.9% during the third quarter. JPMorgan Chase & Co. now owns 7,353 shares of the real estate investment trust’s stock valued at $853,000 after buying an additional 4,893 shares during the last quarter. Cerity Partners LLC raised its position in shares of ORIX by 47.0% during the third quarter. Cerity Partners LLC now owns 20,370 shares of the real estate investment trust’s stock valued at $2,364,000 after buying an additional 6,513 shares during the last quarter. Finally, Gilman Hill Asset Management LLC raised its position in shares of ORIX by 8.2% during the fourth quarter. Gilman Hill Asset Management LLC now owns 36,590 shares of the real estate investment trust’s stock valued at $3,887,000 after buying an additional 2,775 shares during the last quarter. Institutional investors own 1.73% of the company’s stock.

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.