World Investment Advisors LLC Makes New Investment in ORIX Co. (NYSE:IX)

World Investment Advisors LLC bought a new stake in ORIX Co. (NYSE:IX - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 22,403 shares of the real estate investment trust's stock, valued at approximately $2,600,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CWM LLC grew its stake in ORIX by 10.8% in the second quarter. CWM LLC now owns 956 shares of the real estate investment trust's stock valued at $106,000 after purchasing an additional 93 shares in the last quarter. Blue Trust Inc. grew its stake in shares of ORIX by 635.3% in the second quarter. Blue Trust Inc. now owns 1,603 shares of the real estate investment trust's stock valued at $177,000 after buying an additional 1,385 shares in the last quarter. Fifth Third Bancorp increased its holdings in ORIX by 8.9% during the second quarter. Fifth Third Bancorp now owns 10,095 shares of the real estate investment trust's stock worth $1,124,000 after buying an additional 821 shares during the last quarter. Aaron Wealth Advisors LLC raised its position in ORIX by 5.2% during the second quarter. Aaron Wealth Advisors LLC now owns 3,660 shares of the real estate investment trust's stock worth $407,000 after acquiring an additional 180 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in ORIX by 6.5% in the second quarter. Bank of New York Mellon Corp now owns 19,461 shares of the real estate investment trust's stock valued at $2,166,000 after acquiring an additional 1,182 shares during the last quarter. 1.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of ORIX from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th.

ORIX Stock Performance

NYSE IX traded down $2.41 during trading on Friday, reaching $109.35. 40,733 shares of the company's stock were exchanged, compared to its average volume of 19,816. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.40 and a quick ratio of 1.37. The business has a 50 day moving average price of $109.76 and a 200-day moving average price of $113.37. The stock has a market capitalization of $25.39 billion, a P/E ratio of 9.43, a PEG ratio of 1.10 and a beta of 0.92. ORIX Co. has a fifty-two week low of $90.57 and a fifty-two week high of $125.84.

Insider Buying and Selling

In other news, major shareholder Corp Orix sold 3,700,000 shares of the firm's stock in a transaction dated 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 completion of 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 filing with the SEC, which can be accessed through this link. 0.08% of the stock is owned by insiders.

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.