Insider Selling: ORIX Co. (NYSE:IX) Major Shareholder Sells 3,700,000 Shares of Stock

ORIX Co. (NYSE:IX) major shareholder Corp Orix sold 3,700,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was 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 of the company’s stock, valued at $224,336,684.26. The trade was a 55.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

ORIX Stock Performance

ORIX stock traded down $2.41 on Friday, hitting $109.35. The company’s stock had a trading volume of 20,633 shares, compared to its average volume of 19,807. The company has a fifty day moving average price of $109.90 and a 200-day moving average price of $113.35. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 1.38. ORIX Co. has a one year low of $90.57 and a one year high of $125.84. The firm has a market cap of $25.39 billion, a P/E ratio of 9.43, a price-to-earnings-growth ratio of 1.10 and a beta of 0.92.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of ORIX from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

Institutional Investors Weigh In On ORIX

Large investors have recently made changes to their positions in the company. Truist Financial Corp lifted its position in ORIX by 4.7% during the 2nd quarter. Truist Financial Corp now owns 1,915 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 86 shares in the last quarter. CWM LLC lifted its position in ORIX by 10.8% during the 2nd 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 during the period. Orion Portfolio Solutions LLC lifted its position in ORIX by 1.7% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 8,183 shares of the real estate investment trust’s stock valued at $950,000 after purchasing an additional 134 shares during the period. PDS Planning Inc lifted its position in ORIX by 7.0% during the 3rd quarter. PDS Planning Inc now owns 2,229 shares of the real estate investment trust’s stock valued at $259,000 after purchasing an additional 146 shares during the period. Finally, Glenmede Trust Co. NA lifted its position in ORIX by 6.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 2,804 shares of the real estate investment trust’s stock valued at $325,000 after purchasing an additional 165 shares during the period. 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.