Park Avenue Securities LLC Buys 811 Shares of ORIX Co. (NYSE:IX)

Park Avenue Securities LLC raised its holdings in shares of ORIX Co. (NYSE:IX) by 30.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,460 shares of the real estate investment trust’s stock after acquiring an additional 811 shares during the period. Park Avenue Securities LLC’s holdings in ORIX were worth $368,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of ORIX in the third quarter worth about $80,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of ORIX by 26.9% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,438 shares of the real estate investment trust’s stock worth $167,000 after purchasing an additional 305 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of ORIX by 44.6% in the third quarter. GAMMA Investing LLC now owns 1,533 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 473 shares during the period. Truist Financial Corp boosted its position in ORIX by 4.7% during the 2nd quarter. Truist Financial Corp now owns 1,915 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 86 shares during the period. Finally, PDS Planning Inc grew its holdings in ORIX by 7.0% in the 3rd quarter. PDS Planning Inc now owns 2,229 shares of the real estate investment trust’s stock worth $259,000 after acquiring an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 1.73% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Corp Orix sold 3,700,000 shares of ORIX 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 of the company’s stock, valued at $224,336,684.26. This trade represents a 55.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.08% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of ORIX from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

ORIX Price Performance

Shares of IX stock opened at $105.77 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.37 and a current ratio of 1.40. The firm has a market cap of $24.56 billion, a P/E ratio of 9.12, a P/E/G ratio of 1.06 and a beta of 0.92. The business’s 50 day moving average price is $107.43 and its 200-day moving average price is $112.42. ORIX Co. has a fifty-two week low of $90.57 and a fifty-two week high of $125.84.

ORIX (NYSE:IX) last issued its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $2.82 EPS for the quarter, topping the consensus estimate of $2.50 by $0.32. The business had revenue of $4.67 billion during the quarter. ORIX had a net margin of 14.08% and a return on equity of 10.01%. During the same quarter last year, the company posted $1.94 earnings per share. On average, equities research analysts anticipate that ORIX Co. will post 10.99 earnings per share for the current year.

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.