ORIX (NYSE:IX) Downgraded by StockNews.com

StockNews.com downgraded shares of ORIX (NYSE:IX) from a buy rating to a hold rating in a report issued on Monday.

ORIX Trading Down 0.2 %

IX opened at $110.26 on Monday. ORIX has a 52 week low of $81.05 and a 52 week high of $113.43. The company has a market capitalization of $25.60 billion, a P/E ratio of 12.90, a PEG ratio of 0.98 and a beta of 0.84. The stock’s fifty day moving average is $102.55 and its two-hundred day moving average is $96.09. The company has a quick ratio of 1.75, a current ratio of 1.79 and a debt-to-equity ratio of 1.40.

ORIX (NYSE:IX) last posted its earnings results on Wednesday, February 7th. The real estate investment trust reported $2.66 EPS for the quarter. The company had revenue of $4.59 billion during the quarter. ORIX had a net margin of 10.31% and a return on equity of 7.60%. Analysts forecast that ORIX will post 8.52 earnings per share for the current year.

Institutional Investors Weigh In On ORIX

Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC raised its position in shares of ORIX by 4.2% during the 3rd quarter. FMR LLC now owns 439,129 shares of the real estate investment trust’s stock worth $41,225,000 after purchasing an additional 17,700 shares during the last quarter. Whittier Trust Co. increased its stake in ORIX by 15.6% during the 4th quarter. Whittier Trust Co. now owns 6,487 shares of the real estate investment trust’s stock worth $606,000 after buying an additional 877 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new position in shares of ORIX in the fourth quarter valued at approximately $29,000. QRG Capital Management Inc. acquired a new stake in shares of ORIX in the third quarter worth approximately $4,612,000. Finally, Paradigm Asset Management Co. LLC raised its stake in ORIX by 9.4% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 16,300 shares of the real estate investment trust’s stock valued at $1,530,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 1.73% of the company’s stock.

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.