ORIX Co. (NYSE:IX) Shares Bought by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. boosted its position in shares of ORIX Co. (NYSE:IX) by 14.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,421 shares of the real estate investment trust’s stock after acquiring an additional 2,420 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in ORIX were worth $1,814,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BKM Wealth Management LLC purchased a new stake in shares of ORIX in the fourth quarter valued at approximately $25,000. Bruce G. Allen Investments LLC purchased a new stake in shares of ORIX in the fourth quarter valued at approximately $29,000. Blue Trust Inc. boosted its position in ORIX by 107.8% during the fourth quarter. Blue Trust Inc. now owns 613 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 318 shares in the last quarter. GAMMA Investing LLC purchased a new stake in ORIX during the fourth quarter worth $63,000. Finally, Knights of Columbus Asset Advisors LLC purchased a new stake in ORIX during the fourth quarter worth $184,000. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised ORIX from a “hold” rating to a “buy” rating in a report on Monday.

ORIX Price Performance

Shares of NYSE IX traded up $2.63 during trading on Thursday, reaching $103.88. The company had a trading volume of 2,711 shares, compared to its average volume of 17,100. ORIX Co. has a twelve month low of $83.04 and a twelve month high of $113.43. The stock has a market capitalization of $24.12 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 0.73 and a beta of 0.87. The stock has a 50-day moving average price of $106.09 and a two-hundred day moving average price of $97.86. The company has a current ratio of 1.79, a quick ratio of 1.75 and a debt-to-equity ratio of 1.40.

ORIX (NYSE:IX) last released its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $2.66 earnings per share for the quarter. ORIX had a return on equity of 7.60% and a net margin of 10.31%. The company had revenue of $4.59 billion during the quarter. As a group, sell-side analysts predict that ORIX Co. will post 9.86 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.