ORIX (NYSE:IX) Sets New 12-Month High at $125.00

ORIX Co. (NYSE:IX) shares hit a new 52-week high on Thursday . The stock 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 Analyst Weigh In

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

ORIX Stock Up 1.8 %

The company’s 50-day simple moving average is $114.93 and its two-hundred day simple moving average is $109.35. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.79 and a quick ratio of 1.75. The firm has a market capitalization of $29.01 billion, a P/E ratio of 11.95 and a beta of 0.90.

ORIX (NYSE:IX) last posted its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $2.41 earnings per share for the quarter. ORIX had a return on equity of 8.88% and a net margin of 12.25%. The business had revenue of $4.54 billion during the quarter. As a group, research analysts expect 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 modified their holdings of the stock. Truist Financial Corp raised its holdings in shares of ORIX by 4.7% in the second 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 holdings in shares of ORIX by 10.8% in the second quarter. CWM LLC now owns 956 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 93 shares during the last quarter. Kathmere Capital Management LLC increased its stake in ORIX by 3.1% in the 1st quarter. Kathmere Capital Management LLC now owns 4,244 shares of the real estate investment trust’s stock worth $468,000 after buying an additional 126 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in 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 buying an additional 140 shares in the last quarter. Finally, US Bancorp DE boosted its position in 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 buying 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.