Boston Common Asset Management LLC Sells 3,445 Shares of ORIX Co. (NYSE:IX)

Boston Common Asset Management LLC cut its holdings in shares of ORIX Co. (NYSE:IX) by 7.1% during the 4th quarter, Holdings Channel reports. The firm owned 45,074 shares of the real estate investment trust’s stock after selling 3,445 shares during the period. Boston Common Asset Management LLC’s holdings in ORIX were worth $4,788,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of ORIX during the third quarter worth approximately $80,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of ORIX by 26.9% during 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 period. GAMMA Investing LLC increased its holdings in shares of ORIX by 44.6% during the third 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 increased its holdings in shares of ORIX by 4.7% during the second quarter. Truist Financial Corp now owns 1,915 shares of the real estate investment trust’s stock worth $213,000 after purchasing an additional 86 shares during the period. Finally, PDS Planning Inc increased its holdings in shares of ORIX by 7.0% during the third quarter. PDS Planning Inc now owns 2,229 shares of the real estate investment trust’s stock worth $259,000 after purchasing an additional 146 shares during the period. 1.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

ORIX Stock Performance

Shares of NYSE:IX opened at $103.65 on Friday. The company’s 50 day simple moving average is $107.76 and its 200 day simple moving average is $112.67. The stock has a market capitalization of $24.07 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 0.97 and a beta of 0.92. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.40 and a quick ratio of 1.37. ORIX Co. has a 1 year low of $90.57 and a 1 year high of $125.84.

Insiders Place Their Bets

In other ORIX news, major shareholder Corp Orix sold 3,700,000 shares of the business’s stock in a transaction on 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 sale, the insider now owns 2,976,077 shares of the company’s stock, valued at approximately $224,336,684.26. The trade was a 55.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.08% of the company’s stock.

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.