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

StockNews.com cut shares of ORIX (NYSE:IX) from a buy rating to a hold rating in a research note published on Wednesday.

ORIX Trading Down 0.2 %

IX opened at $107.62 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 1.38. The stock’s fifty day moving average is $111.76 and its two-hundred day moving average is $112.99. The company has a market capitalization of $24.99 billion, a P/E ratio of 9.28, a PEG ratio of 1.05 and a beta of 0.91. ORIX has a 52 week low of $89.90 and a 52 week high of $125.84.

Institutional Trading of ORIX

Several hedge funds and other institutional investors have recently made changes to their positions in IX. Truist Financial Corp boosted its stake in ORIX by 4.7% in the 2nd quarter. Truist Financial Corp now owns 1,915 shares of the real estate investment trust’s stock worth $213,000 after purchasing an additional 86 shares in the last quarter. CWM LLC grew its holdings in shares of ORIX by 10.8% during the second quarter. CWM LLC now owns 956 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 93 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in shares of ORIX by 1.7% in 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 acquiring an additional 134 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of 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 acquiring an additional 140 shares during the period. Finally, PDS Planning Inc raised its stake in ORIX by 7.0% in the 3rd quarter. PDS Planning Inc now owns 2,229 shares of the real estate investment trust’s stock worth $259,000 after acquiring an additional 146 shares during the last quarter. Hedge funds and other 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.