RNC Capital Management LLC Boosts Stock Holdings in Orix Corp Ads $IX

RNC Capital Management LLC raised its holdings in shares of Orix Corp Ads (NYSE:IX) by 12.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 14,420 shares of the real estate investment trust’s stock after purchasing an additional 1,650 shares during the period. RNC Capital Management LLC’s holdings in Orix Corp Ads were worth $325,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group increased its position in Orix Corp Ads by 132,800.0% during the 1st quarter. Brooklyn Investment Group now owns 1,329 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,328 shares during the period. Wayfinding Financial LLC purchased a new position in shares of Orix Corp Ads in the 1st quarter worth approximately $34,000. Brentview Investment Management LLC purchased a new position in shares of Orix Corp Ads in the 1st quarter worth approximately $37,000. Geneos Wealth Management Inc. grew its position in shares of Orix Corp Ads by 4,325.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 2,033 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Orix Corp Ads by 3,582.3% in the 1st quarter. Bessemer Group Inc. now owns 2,283 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 2,221 shares during the last quarter. Hedge funds and other institutional investors own 1.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Orix Corp Ads in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Orix Corp Ads from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Orix Corp Ads Stock Down 0.3%

IX stock opened at $25.18 on Friday. The firm has a 50 day moving average of $25.95 and a 200 day moving average of $23.01. The stock has a market capitalization of $28.69 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 0.95 and a beta of 0.90. The company has a quick ratio of 1.72, a current ratio of 1.76 and a debt-to-equity ratio of 1.36. Orix Corp Ads has a 52 week low of $17.75 and a 52 week high of $27.21.

Orix Corp Ads (NYSE:IX) last released its earnings results on Thursday, August 7th. The real estate investment trust reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.11. The company had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $4.96 billion. Orix Corp Ads had a net margin of 12.70% and a return on equity of 9.01%. Sell-side analysts forecast that Orix Corp Ads will post 11.31 earnings per share for the current year.

Orix Corp Ads 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.