ORIX (NYSE:IX) Hits New 1-Year High at $119.98

Shares of ORIX Co. (NYSE:IX) reached a new 52-week high during trading on Wednesday . The company traded as high as $119.98 and last traded at $119.95, with a volume of 837 shares traded. The stock had previously closed at $116.79.

Analyst Ratings Changes

Separately, StockNews.com raised shares of ORIX from a “hold” rating to a “buy” rating in a research note on Thursday, May 16th.

ORIX Trading Up 3.6 %

The company has a 50 day moving average of $111.78 and a 200 day moving average of $106.57. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.75 and a current ratio of 1.79. The stock has a market capitalization of $28.09 billion, a price-to-earnings ratio of 11.37 and a beta of 0.90.

ORIX (NYSE:IX) last issued its earnings results on Wednesday, May 8th. The real estate investment trust reported $3.71 EPS for the quarter. ORIX had a net margin of 12.25% and a return on equity of 8.88%. The business had revenue of $5.19 billion during the quarter. On average, research analysts predict that ORIX Co. will post 10.71 EPS for the current fiscal year.

Institutional Investors Weigh In On ORIX

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its position in shares of ORIX by 94.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 410 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 199 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in ORIX by 44.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 453 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 140 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of ORIX by 573.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 465 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 396 shares during the period. Blue Trust Inc. raised its position in shares of ORIX by 107.8% during the 4th quarter. Blue Trust Inc. now owns 613 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 318 shares during the period. Finally, GAMMA Investing LLC acquired a new position in ORIX in the fourth quarter valued at approximately $63,000. Institutional investors and hedge funds 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.