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

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

ORIX Stock Performance

Shares of NYSE:IX traded up $0.17 on Friday, hitting $20.93. 143,649 shares of the company were exchanged, compared to its average volume of 182,399. ORIX has a 1-year low of $18.11 and a 1-year high of $25.17. The stock's 50 day moving average price is $20.87 and its 200 day moving average price is $22.05. 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 firm has a market capitalization of $25.43 billion, a P/E ratio of 1.82, a price-to-earnings-growth ratio of 0.97 and a beta of 0.92.

ORIX (NYSE:IX - Get Free Report) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.01. ORIX had a net margin of 13.66% and a return on equity of 9.73%. Sell-side analysts predict that ORIX will post 11.31 EPS for the current year.

Insider Activity at ORIX

In other ORIX news, major shareholder Corp Orix sold 18,500,000 shares of ORIX stock in a transaction on Friday, December 13th. The shares were sold at an average price of $15.08, for a total value of $278,906,000.00. Following the completion of the transaction, the insider now owns 14,880,385 shares of the company's stock, valued at approximately $224,336,684.26. The trade was a 55.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.08% of the stock is currently owned by insiders.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in ORIX in the third quarter valued at $80,000. SG Americas Securities LLC purchased a new position in ORIX in the fourth quarter valued at $123,000. Smartleaf Asset Management LLC increased its holdings 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 valued at $136,000 after buying an additional 941 shares in the last quarter. Aquatic Capital Management LLC increased its holdings 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 buying an additional 1,310 shares in the last quarter. Finally, Gitterman Wealth Management LLC increased its holdings 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 buying an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 1.73% of the company's stock.

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.