ORIX (NYSE:IX) Reaches New 1-Year High at $125.00

ORIX Co. (NYSE:IX)’s stock price hit a new 52-week high on Thursday . The company traded as high as $125.00 and last traded at $125.00, with a volume of 3756 shares changing hands. The stock had previously closed at $122.74.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of ORIX from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th.

ORIX Price Performance

The company has a current ratio of 1.79, a quick ratio of 1.75 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $29.01 billion, a price-to-earnings ratio of 11.95 and a beta of 0.90. The company has a 50 day moving average price of $114.93 and a 200 day moving average price of $109.35.

ORIX (NYSE:IX) last announced its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $2.41 EPS for the quarter. ORIX had a return on equity of 8.88% and a net margin of 12.25%. The firm had revenue of $4.54 billion during the quarter. As a group, equities research analysts forecast that ORIX Co. will post 10.71 earnings per share for the current year.

Institutional Investors Weigh In On ORIX

Institutional investors and hedge funds have recently modified their holdings of the business. Truist Financial Corp grew its position in shares of ORIX by 4.7% during the 2nd quarter. Truist Financial Corp now owns 1,915 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 86 shares during the period. CWM LLC grew its stake in ORIX by 10.8% in the second quarter. CWM LLC now owns 956 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 93 shares during the period. Kathmere Capital Management LLC raised its position in shares of ORIX by 3.1% during the first quarter. Kathmere Capital Management LLC now owns 4,244 shares of the real estate investment trust’s stock worth $468,000 after purchasing an additional 126 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of ORIX by 44.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 453 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 140 shares in the last quarter. Finally, US Bancorp DE grew its position in shares of ORIX by 2.2% in the 4th quarter. US Bancorp DE now owns 6,530 shares of the real estate investment trust’s stock valued at $610,000 after purchasing an additional 143 shares during the period. 1.73% of the stock is owned by institutional investors.

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.