Orix Corp Ads (NYSE:IX) Sees Large Volume Increase – What’s Next?

Orix Corp Ads (NYSE:IX) saw unusually-high trading volume on Friday. Approximately 538,196 shares changed hands during trading, an increase of 64% from the previous session’s volume of 327,493 shares. The stock last traded at $37.0360 and had previously closed at $37.36.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IX. Weiss Ratings upgraded shares of Orix Corp Ads from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Wall Street Zen cut Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Finally, Zacks Research downgraded Orix Corp Ads from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Orix Corp Ads Trading Down 0.8%

The firm’s 50 day moving average price is $39.52 and its 200-day moving average price is $37.02. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.15 and a quick ratio of 2.07. The stock has a market cap of $41.15 billion, a P/E ratio of 10.24, a P/E/G ratio of 0.75 and a beta of 0.90.

Orix Corp Ads (NYSE:IX) last posted its quarterly earnings results on Tuesday, June 30th. The real estate investment trust reported $1.57 earnings per share for the quarter. The firm had revenue of $7.06 billion during the quarter. Orix Corp Ads had a return on equity of 13.11% and a net margin of 18.02%. As a group, equities research analysts forecast that Orix Corp Ads will post 5.04 earnings per share for the current year.

Institutional Trading of Orix Corp Ads

Institutional investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC raised its holdings in shares of Orix Corp Ads by 40.7% during the first quarter. V Square Quantitative Management LLC now owns 1,617 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 468 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Orix Corp Ads in the second quarter worth approximately $136,000. Rockefeller Capital Management L.P. grew its position in Orix Corp Ads by 63.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,548 shares of the real estate investment trust’s stock worth $162,000 after purchasing an additional 2,155 shares during the period. Bridgewater Advisors Inc. bought a new stake in Orix Corp Ads in the 1st quarter worth approximately $171,000. Finally, 55 North Private Wealth LLC purchased a new stake in Orix Corp Ads during the 2nd quarter valued at $213,000. Hedge funds and other institutional investors own 1.73% of the company’s stock.

Orix Corp Ads Company Profile

ORIX Corporation is a diversified Japanese financial services company headquartered in Tokyo. Founded in 1964, the company began as a leasing business and has expanded into a broad range of financial, investment and operational services.

Its businesses include corporate and equipment finance, leasing, real estate, concession operations, private equity and investment banking, insurance, banking, asset management, aircraft and ships, and renewable energy. ORIX also provides services related to automobile leasing and fleet management, as well as environmental and energy solutions.

ORIX serves customers in Japan and through an international network spanning North America, Asia, Europe, the Middle East and Australia.