Aaron Wealth Advisors LLC Boosts Stake in ORIX Co. (NYSE:IX)

Aaron Wealth Advisors LLC increased its holdings in ORIX Co. (NYSE:IX) by 6.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,188 shares of the real estate investment trust’s stock after purchasing an additional 259 shares during the period. Aaron Wealth Advisors LLC’s holdings in ORIX were worth $445,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in shares of ORIX in the third quarter worth approximately $80,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in 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 grew its position in ORIX by 44.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,533 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 473 shares during the period. Truist Financial Corp raised its stake 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 last quarter. Finally, PDS Planning Inc lifted its holdings in shares of ORIX by 7.0% during the 3rd quarter. PDS Planning Inc now owns 2,229 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 146 shares during the period. Hedge funds and other institutional investors own 1.73% of the company’s stock.

ORIX Price Performance

Shares of NYSE:IX opened at $103.65 on Monday. The firm’s 50 day moving average price is $107.76 and its 200-day moving average price is $112.65. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $24.07 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 0.97 and a beta of 0.92. ORIX Co. has a twelve month low of $90.57 and a twelve month high of $125.84.

Insider Activity

In other news, major shareholder Corp Orix sold 3,700,000 shares of ORIX stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $75.38, for a total transaction of $278,906,000.00. Following the transaction, the insider now directly owns 2,976,077 shares of the company’s stock, valued at $224,336,684.26. The trade was a 55.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

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

ORIX 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.