Farmers & Merchants Investments Inc. increased its stake in shares of ORIX Co. (NYSE:IX – Get Rating) by 104.8% in Q1, according to its latest 13F filing with the Securities and Exchange Commission (SEC) . The institutional investor held 430 shares of the real estate investment trust after purchasing an additional 220 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in ORIX were worth $43,000 at the end of the last quarter.
A number of other institutional investors and hedge funds have also recently increased or reduced their stakes in IX. Rockefeller Capital Management LP increased its stake in ORIX by 80.0% during the 4th quarter. Rockefeller Capital Management LP now owns 333 shares of the real estate investment trust worth $33,000 after buying 148 more shares in the last quarter. UMB Bank NA MO bought a new stake in ORIX during Q4 worth approximately $36,000. Bessemer Group Inc. increased its stake in ORIX by 32.1% during the 4th quarter. Bessemer Group Inc. now owns 1,104 shares of the real estate investment trust worth $112,000 after buying 268 additional shares in the last quarter. Advisor Group Holdings Inc. increased its stake in ORIX by 32.5% during the 4th quarter. Advisor Group Holdings Inc. now owns 1,941 shares of the real estate investment trust worth $199,000 after buying 476 additional shares in the last quarter. Finally, Cottonwood Capital Advisors LLC acquired a new stake in ORIX during Q4 worth approximately $204,000. 1.58% of the shares are held by hedge funds and other institutional investors.
Separately, StockNews.com assumed coverage of ORIX in a Thursday, March 31 report. They issued a “buy” rating for the company.
ORIX stock opened at $84.16 on Friday. ORIX Co. has a fifty-two week low of $82.05 and a fifty-two week high of $112.91. The company has a debt ratio of 1.31, a quick ratio of 1.69 and a current ratio of 1.71. The company has a market capitalization of $20.27 billion, a P/E ratio of 7.31, a PEG ratio of 0.32 and a beta of 0.85. The stock has a 50-day simple moving average of $89.93 and a 200-day simple moving average of $97.01.
ORIX (NYSE:IX – Get Rating) last released its results on Wednesday, May 11. The real estate investment trust reported earnings per share of $3.62 for the quarter, missing the consensus estimate of $4.50 per ($0.88). ORIX had a net margin of 12.36% and a return on equity of 9.55%. The company posted revenue of $5.61 billion in the quarter, versus $5.84 billion expected by analysts. As a group, analysts expect ORIX Co. to post earnings per share of 11.04 for the current year.
ORIX profile (Get an assessment)
ORIX Corporation provides diversified financial services in Japan, the Americas, Asia, Europe, Australasia, the Middle East and internationally. The Company’s corporate financial services and leasing with maintenance segment is involved in financing and fees; leasing and rental of automobiles, electronic measuring instruments and computer equipment; and provision of life insurance and environmental and energy related products and services.
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