ORIX (NYSE:IX) Sets New 52-Week High at $116.53

ORIX Co. (NYSE:IX) hit a new 52-week high on Thursday . The company traded as high as $116.53 and last traded at $115.83, with a volume of 4838 shares. The stock had previously closed at $114.84.

Analysts Set New Price Targets

Separately, StockNews.com upgraded ORIX from a “hold” rating to a “buy” rating in a research note on Thursday, May 16th.

ORIX Stock Performance

The company has a market cap of $26.80 billion, a P/E ratio of 11.18 and a beta of 0.90. The company has a quick ratio of 1.75, a current ratio of 1.79 and a debt-to-equity ratio of 1.40. The stock has a 50 day moving average price of $109.07 and a two-hundred day moving average price of $104.27.

ORIX (NYSE:IX) last posted its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $3.71 EPS for the quarter. The firm had revenue of $5.19 billion for the quarter. ORIX had a return on equity of 8.88% and a net margin of 12.25%. On average, research analysts predict that ORIX Co. will post 10.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ORIX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. raised its holdings in ORIX by 15.6% in the 4th quarter. Whittier Trust Co. now owns 6,487 shares of the real estate investment trust’s stock valued at $606,000 after acquiring an additional 877 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new position in ORIX in the 4th quarter valued at $29,000. Johnson Investment Counsel Inc. raised its holdings in ORIX by 20.3% in the 4th quarter. Johnson Investment Counsel Inc. now owns 2,959 shares of the real estate investment trust’s stock valued at $276,000 after acquiring an additional 500 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in ORIX by 6.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 4,295 shares of the real estate investment trust’s stock valued at $401,000 after acquiring an additional 250 shares in the last quarter. Finally, BTC Capital Management Inc. acquired a new position in ORIX in the 1st quarter valued at $1,639,000. 1.73% of the stock is owned by institutional investors and hedge funds.

ORIX Company 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.