ORIX (NYSE:IX) Sees Large Volume Increase – What’s Next?

ORIX Co. (NYSE:IX) shares saw an uptick in trading volume on Friday . 556,541 shares traded hands during mid-day trading, an increase of 192% from the previous session’s volume of 190,529 shares.The stock last traded at $21.21 and had previously closed at $20.91.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of ORIX from a “hold” rating to a “buy” rating in a research report on Saturday, March 1st.

ORIX Trading Up 0.5 %

The stock has a market capitalization of $25.54 billion, a price-to-earnings ratio of 1.83, a PEG ratio of 0.97 and a beta of 0.92. 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 company’s 50 day moving average is $20.86 and its 200 day moving average is $22.04.

ORIX (NYSE:IX) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. ORIX had a return on equity of 9.73% and a net margin of 13.66%. On average, research analysts forecast that ORIX Co. will post 11.31 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Corp Orix sold 18,500,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $15.08, for a total transaction of $278,906,000.00. Following the sale, the insider now owns 14,880,385 shares of the company’s stock, valued at approximately $224,336,684.26. This trade represents a 55.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.08% of the stock is currently owned by company insiders.

Institutional Trading of ORIX

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mount Yale Investment Advisors LLC boosted its holdings in ORIX by 3.0% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,375 shares of the real estate investment trust’s stock worth $465,000 after purchasing an additional 129 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in shares of ORIX by 1.7% in the third 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 last quarter. Caprock Group LLC raised its holdings in ORIX by 3.5% during the fourth quarter. Caprock Group LLC now owns 4,419 shares of the real estate investment trust’s stock worth $469,000 after acquiring an additional 148 shares in the last quarter. Gitterman Wealth Management LLC grew its stake in ORIX by 9.2% in the fourth quarter. Gitterman Wealth Management LLC now owns 1,927 shares of the real estate investment trust’s stock valued at $205,000 after purchasing an additional 162 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its position in ORIX by 6.3% during the third quarter. Glenmede Trust Co. NA now owns 2,804 shares of the real estate investment trust’s stock worth $325,000 after acquiring an additional 165 shares in the last quarter. 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.