StockNews.com Downgrades ORIX (NYSE:IX) to Hold

ORIX (NYSE:IX) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

ORIX Stock Up 0.9 %

IX stock opened at $107.82 on Wednesday. The firm has a market cap of $25.04 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 1.06 and a beta of 0.91. ORIX has a 1-year low of $89.90 and a 1-year high of $125.84. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.40 and a quick ratio of 1.37. The firm has a fifty day moving average price of $112.05 and a two-hundred day moving average price of $112.92.

Institutional Investors Weigh In On ORIX

Large investors have recently bought and sold shares of the business. QRG Capital Management Inc. grew its position in shares of ORIX by 1.7% during 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 buying an additional 858 shares during the period. Blue Trust Inc. raised its stake in ORIX by 635.3% in the 2nd quarter. Blue Trust Inc. now owns 1,603 shares of the real estate investment trust’s stock valued at $177,000 after acquiring an additional 1,385 shares during the period. Fifth Third Bancorp lifted its holdings in ORIX by 8.9% during the 2nd quarter. Fifth Third Bancorp now owns 10,095 shares of the real estate investment trust’s stock worth $1,124,000 after purchasing an additional 821 shares during the last quarter. International Assets Investment Management LLC bought a new stake in ORIX in the 3rd quarter valued at about $4,256,000. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of 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 purchasing an additional 30,400 shares during the period. 1.73% of the stock is currently owned by 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.