RNC Capital Management LLC Purchases Shares of 3,350 ORIX Co. (NYSE:IX)

RNC Capital Management LLC purchased a new stake in ORIX Co. (NYSE:IXGet Rating) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,350 shares of the real estate investment trust’s stock, valued at approximately $341,000.

A number of other hedge funds and other institutional investors have also modified their holdings of IX. Todd Asset Management LLC lifted its stake in ORIX by 17.3% during the fourth quarter. Todd Asset Management LLC now owns 235,536 shares of the real estate investment trust’s stock valued at $23,973,000 after buying an additional 34,785 shares in the last quarter. Summit Global Investments purchased a new stake in ORIX during the third quarter valued at about $1,918,000. Mercer Global Advisors Inc. ADV lifted its stake in ORIX by 127.4% during the third quarter. Mercer Global Advisors Inc. ADV now owns 30,278 shares of the real estate investment trust’s stock valued at $2,862,000 after buying an additional 16,964 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in ORIX by 231.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 19,703 shares of the real estate investment trust’s stock valued at $1,862,000 after buying an additional 13,760 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in ORIX by 15.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 57,417 shares of the real estate investment trust’s stock valued at $5,427,000 after buying an additional 7,660 shares in the last quarter. 1.58% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on IX shares. StockNews.com started coverage on shares of ORIX in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Zacks Investment Research raised shares of ORIX from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research report on Tuesday, February 22nd.

IX stock traded down $0.02 during midday trading on Tuesday, hitting $92.19. 200 shares of the company traded hands, compared to its average volume of 33,626. ORIX Co. has a twelve month low of $79.51 and a twelve month high of $112.91. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 1.34. The business has a 50 day simple moving average of $98.01 and a 200-day simple moving average of $100.42. The stock has a market capitalization of $22.20 billion, a price-to-earnings ratio of 9.38, a price-to-earnings-growth ratio of 0.31 and a beta of 0.84.

ORIX (NYSE:IXGet Rating) last announced its quarterly earnings data on Monday, February 7th. The real estate investment trust reported $2.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($0.12). The company had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.41 billion. ORIX had a return on equity of 8.26% and a net margin of 10.47%. Equities research analysts forecast that ORIX Co. will post 11.79 EPS for the current year.

About ORIX (Get Rating)

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 Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and IT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.

See Also

Institutional Ownership by Quarter for ORIX (NYSE:IX)

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