ORIX (NYSE:IX) Shares Gap Down to $122.44

ORIX Co. (NYSE:IX)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $122.44, but opened at $119.59. ORIX shares last traded at $119.60, with a volume of 7,415 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded ORIX from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th.

ORIX Stock Down 3.1 %

The company has a quick ratio of 1.77, a current ratio of 1.81 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $27.54 billion, a PE ratio of 11.65, a P/E/G ratio of 1.02 and a beta of 0.91. The firm’s 50 day moving average price is $117.70 and its two-hundred day moving average price is $111.18.

ORIX (NYSE:IX) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $2.41 EPS for the quarter. ORIX had a return on equity of 9.29% and a net margin of 13.01%. The firm had revenue of $4.54 billion during the quarter. As a group, research analysts forecast that ORIX Co. will post 11.23 EPS for the current fiscal year.

Institutional Investors Weigh In On ORIX

Institutional investors have recently modified their holdings of the stock. QRG Capital Management Inc. grew its position in shares of ORIX by 1.7% in the 2nd quarter. QRG Capital Management Inc. now owns 52,757 shares of the real estate investment trust’s stock worth $5,872,000 after acquiring an additional 858 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of ORIX by 135.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 842 shares of the real estate investment trust’s stock valued at $93,000 after buying an additional 485 shares during the period. Blue Trust Inc. grew its position in shares of ORIX by 635.3% during the 2nd quarter. Blue Trust Inc. now owns 1,603 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 1,385 shares during the last quarter. Fifth Third Bancorp raised its stake in ORIX by 8.9% during the second quarter. Fifth Third Bancorp now owns 10,095 shares of the real estate investment trust’s stock worth $1,124,000 after acquiring an additional 821 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in ORIX by 20.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 175,640 shares of the real estate investment trust’s stock worth $19,356,000 after acquiring an additional 30,400 shares during the last quarter. Institutional investors and hedge funds 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.