ORIX (NYSE:IX) Sets New 12-Month High – Here’s What Happened

ORIX Co. (NYSE:IX)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $102.99 and last traded at $103.21, with a volume of 1164 shares changing hands. The stock had previously closed at $103.04.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of ORIX from a “buy” rating to a “hold” rating in a research note on Friday, February 21st.

ORIX Price Performance

The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.73 and a current ratio of 1.77. The firm has a fifty day simple moving average of $104.55 and a 200 day simple moving average of $110.66. The company has a market capitalization of $25.07 billion, a PE ratio of 8.98, a P/E/G ratio of 0.97 and a beta of 0.92.

ORIX (NYSE:IX) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $2.56 EPS for the quarter, beating 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%. Equities analysts anticipate that ORIX Co. will post 11.31 EPS for the current year.

Insider Buying and Selling

In other ORIX news, major shareholder Corp Orix sold 3,700,000 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $75.38, for a total value of $278,906,000.00. Following the completion of the sale, the insider now directly owns 2,976,077 shares in the company, valued at approximately $224,336,684.26. This trade represents a 55.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ORIX

Several hedge funds and other institutional investors have recently modified their holdings of the stock. ABC Arbitrage SA acquired a new position in ORIX during the 4th quarter valued at approximately $865,000. International Assets Investment Management LLC purchased a new position in ORIX in the 3rd quarter worth $4,256,000. JPMorgan Chase & Co. lifted its position in ORIX by 198.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,353 shares of the real estate investment trust’s stock worth $853,000 after acquiring an additional 4,893 shares during the period. Cerity Partners LLC grew its stake in ORIX by 47.0% during the 3rd quarter. Cerity Partners LLC now owns 20,370 shares of the real estate investment trust’s stock valued at $2,364,000 after purchasing an additional 6,513 shares during the last quarter. Finally, Gilman Hill Asset Management LLC increased its holdings in shares of ORIX by 8.2% in the fourth quarter. Gilman Hill Asset Management LLC now owns 36,590 shares of the real estate investment trust’s stock valued at $3,887,000 after purchasing an additional 2,775 shares during the period. 1.73% of the stock is owned by hedge funds and other institutional investors.

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.