ORIX (NYSE:IX) Stock Rating Upgraded by StockNews.com

ORIX (NYSE:IX - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Thursday.

ORIX Stock Performance

ORIX stock traded up $0.13 during midday trading on Thursday, reaching $103.23. The stock had a trading volume of 31,801 shares, compared to its average volume of 32,235. The firm has a market capitalization of $25.08 billion, a PE ratio of 8.90, a P/E/G ratio of 1.08 and a beta of 0.92. ORIX has a 12 month low of $90.57 and a 12 month high of $125.84. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 1.38. The firm's 50-day moving average price is $105.85 and its 200 day moving average price is $111.10.

ORIX (NYSE:IX - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.06. ORIX had a net margin of 14.08% and a return on equity of 10.01%. As a group, research analysts predict that ORIX will post 10.9 earnings per share for the current fiscal year.

Insider Activity

In other 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 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. This trade represents a 55.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by company insiders.

Institutional Trading of ORIX

Several institutional investors and hedge funds have recently bought and sold shares of IX. Wilmington Savings Fund Society FSB bought a new stake in ORIX during the third quarter valued at approximately $80,000. SG Americas Securities LLC bought a new stake in shares of ORIX during the 4th quarter worth $123,000. Smartleaf Asset Management LLC grew its position in ORIX by 282.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the real estate investment trust's stock worth $136,000 after acquiring an additional 941 shares in the last quarter. Aquatic Capital Management LLC increased its stake in ORIX by 1,310.0% in the fourth 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, Whittier Trust Co. of Nevada Inc. raised its position in ORIX by 26.9% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,438 shares of the real estate investment trust's stock valued at $167,000 after purchasing an additional 305 shares in the last quarter. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

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.