PDS Planning Inc Acquires 146 Shares of ORIX Co. (NYSE:IX)

PDS Planning Inc lifted its holdings in ORIX Co. (NYSE:IX) by 7.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,229 shares of the real estate investment trust’s stock after purchasing an additional 146 shares during the period. PDS Planning Inc’s holdings in ORIX were worth $259,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Addison Advisors LLC purchased a new position in ORIX in the second quarter worth $29,000. EverSource Wealth Advisors LLC boosted its stake in ORIX by 44.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 453 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 140 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in ORIX by 573.9% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 465 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 396 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in ORIX by 135.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 842 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 485 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of ORIX by 10.8% in the second quarter. CWM LLC now owns 956 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 93 shares during the last quarter. 1.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered ORIX from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th.

ORIX Stock Performance

IX opened at $108.95 on Wednesday. The firm has a 50 day moving average of $115.09 and a two-hundred day moving average of $112.53. The firm has a market capitalization of $25.30 billion, a PE ratio of 10.16, a P/E/G ratio of 0.88 and a beta of 0.91. The company has a current ratio of 1.81, a quick ratio of 1.77 and a debt-to-equity ratio of 1.38. ORIX Co. has a 12-month low of $86.05 and a 12-month high of $125.84.

ORIX (NYSE:IX) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $2.41 earnings per share (EPS) for the quarter. ORIX had a net margin of 13.01% and a return on equity of 9.29%. The firm had revenue of $4.54 billion during the quarter. On average, analysts anticipate that ORIX Co. will post 11.59 EPS for the current year.

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.