ORIX (NYSE:IX) Sets New 1-Year High – Should You Buy?

Shares of ORIX Co. (NYSE:IX) reached a new 52-week high during trading on Thursday . The stock traded as high as $102.99 and last traded at $103.21, with a volume of 1164 shares traded. The stock had previously closed at $103.04.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of ORIX from a “hold” rating to a “buy” rating in a research note on Saturday.

ORIX Price Performance

The stock’s fifty day moving average price is $102.78 and its 200-day moving average price is $109.95. 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 firm has a market cap of $4.97 billion, a PE ratio of 1.78, a P/E/G ratio of 0.97 and a beta of 0.92.

ORIX (NYSE:IX) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.06. ORIX had a net margin of 13.66% and a return on equity of 9.73%. As a group, equities analysts forecast that ORIX Co. will post 11.31 EPS for the current fiscal year.

Insider Activity

In other ORIX news, major shareholder Corp Orix sold 3,700,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $75.38, for a total transaction of $278,906,000.00. Following the completion of the transaction, the insider now directly owns 2,976,077 shares in the company, valued at approximately $224,336,684.26. This trade represents a 55.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On ORIX

Several hedge funds have recently added to or reduced their stakes in the business. Mount Yale Investment Advisors LLC increased its holdings in ORIX by 3.0% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,375 shares of the real estate investment trust’s stock valued at $465,000 after acquiring an additional 129 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of ORIX by 1.7% during the third quarter. Orion Portfolio Solutions LLC now owns 8,183 shares of the real estate investment trust’s stock worth $950,000 after buying an additional 134 shares in the last quarter. PDS Planning Inc grew its holdings in shares of ORIX by 7.0% during the third quarter. PDS Planning Inc now owns 2,229 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 146 shares in the last quarter. Caprock Group LLC grew its holdings in shares of 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 buying an additional 148 shares in the last quarter. Finally, Gitterman Wealth Management LLC grew its holdings in shares of ORIX by 9.2% during the fourth quarter. Gitterman Wealth Management LLC now owns 1,927 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 162 shares in the last quarter. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

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.