ORIX (NYSE:IX) Downgraded by StockNews.com to “Hold”

ORIX (NYSE:IX) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

ORIX Stock Performance

Shares of ORIX stock opened at $99.99 on Friday. The company has a 50 day moving average of $104.87 and a 200-day moving average of $110.86. ORIX has a 1-year low of $90.57 and a 1-year high of $125.84. 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 $24.30 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 0.97 and a beta of 0.92.

ORIX (NYSE:IX) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $2.56 earnings per share 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%. As a group, equities research analysts forecast that ORIX will post 11.31 earnings per share for the current fiscal year.

Insider Activity at ORIX

In related news, major shareholder Corp Orix sold 3,700,000 shares of the 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 owns 2,976,077 shares of the company’s stock, valued at $224,336,684.26. This represents a 55.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is owned by insiders.

Hedge Funds Weigh In On ORIX

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC lifted its stake in ORIX by 9.9% in the 3rd quarter. FMR LLC now owns 647,689 shares of the real estate investment trust’s stock valued at $75,164,000 after purchasing an additional 58,178 shares during the last quarter. Bank of America Corp DE raised its stake in shares of ORIX by 1.3% during the fourth quarter. Bank of America Corp DE now owns 424,770 shares of the real estate investment trust’s stock valued at $45,123,000 after acquiring an additional 5,301 shares during the last quarter. Todd Asset Management LLC raised its stake in shares of ORIX by 0.6% during the fourth quarter. Todd Asset Management LLC now owns 346,220 shares of the real estate investment trust’s stock valued at $36,779,000 after acquiring an additional 2,224 shares during the last quarter. Northern Trust Corp raised its stake in shares of ORIX by 62.8% during the fourth quarter. Northern Trust Corp now owns 213,971 shares of the real estate investment trust’s stock valued at $22,730,000 after acquiring an additional 82,529 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of ORIX by 7.2% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 211,780 shares of the real estate investment trust’s stock valued at $22,497,000 after acquiring an additional 14,140 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.