ORIX (NYSE:IX) Reaches New 12-Month High at $119.59

ORIX Co. (NYSE:IX)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $119.59 and last traded at $119.59, with a volume of 3965 shares trading hands. The stock had previously closed at $118.42.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised ORIX from a “hold” rating to a “buy” rating in a research note on Thursday, May 16th.

ORIX Trading Up 1.0 %

The firm has a market capitalization of $27.77 billion, a price-to-earnings ratio of 11.53 and a beta of 0.90. The company has a quick ratio of 1.75, a current ratio of 1.79 and a debt-to-equity ratio of 1.40. The business’s fifty day moving average is $110.80 and its 200 day moving average is $105.72.

ORIX (NYSE:IX) last released its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported $3.71 earnings per share (EPS) for the quarter. The firm had revenue of $5.19 billion for the quarter. ORIX had a return on equity of 8.88% and a net margin of 12.25%. Equities analysts predict that ORIX Co. will post 10.71 earnings per share for the current year.

Institutional Investors Weigh In On ORIX

Several institutional investors have recently bought and sold shares of the company. Johnson Investment Counsel Inc. raised its holdings in ORIX by 20.3% during the fourth quarter. Johnson Investment Counsel Inc. now owns 2,959 shares of the real estate investment trust’s stock worth $276,000 after acquiring an additional 500 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in ORIX by 6.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 4,295 shares of the real estate investment trust’s stock valued at $401,000 after purchasing an additional 250 shares during the period. BTC Capital Management Inc. bought a new position in shares of ORIX in the first quarter worth $1,639,000. American Century Companies Inc. grew its stake in ORIX by 6.0% during the third quarter. American Century Companies Inc. now owns 68,564 shares of the real estate investment trust’s stock worth $6,437,000 after buying an additional 3,854 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC bought a new position in ORIX in the 4th quarter valued at about $184,000. 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.