ORIX (NYSE:IX) Rating Lowered to "Hold" at StockNews.com

ORIX (NYSE:IX - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Friday.

ORIX Stock Performance

IX traded down $1.69 during trading on Friday, reaching $99.99. 29,537 shares of the company's stock were exchanged, compared to its average volume of 35,754. The stock has a market capitalization of $24.30 billion, a P/E ratio of 8.69, a price-to-earnings-growth ratio of 0.97 and a beta of 0.92. The company's fifty day simple moving average is $105.05 and its 200-day simple moving average is $110.88. ORIX has a 1 year low of $90.57 and a 1 year high of $125.84. 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 (NYSE:IX - Get Free Report) last posted 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, research analysts predict that ORIX will post 11.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ORIX news, major shareholder Corp Orix sold 3,700,000 shares of the business's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $75.38, for a total value of $278,906,000.00. Following the completion of the transaction, the insider now directly owns 2,976,077 shares in the company, valued at approximately $224,336,684.26. The trade was a 55.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.08% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Creative Planning raised its position in shares of ORIX by 6.6% during the 3rd quarter. Creative Planning now owns 4,676 shares of the real estate investment trust's stock worth $543,000 after purchasing an additional 291 shares during the period. Allspring Global Investments Holdings LLC grew its position in ORIX by 469.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 17,688 shares of the real estate investment trust's stock worth $2,053,000 after buying an additional 14,584 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in ORIX during the third quarter valued at about $4,256,000. QRG Capital Management Inc. lifted its stake in ORIX by 1.3% in the 3rd quarter. QRG Capital Management Inc. now owns 53,429 shares of the real estate investment trust's stock worth $6,200,000 after acquiring an additional 672 shares in the last quarter. Finally, PDS Planning Inc grew its holdings in shares of ORIX by 7.0% during the 3rd 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 in the last quarter. 1.73% of the stock is owned by institutional investors and hedge funds.

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.