Envestnet Asset Management Inc. Has $3.24 Million Holdings in Orix Corp Ads $IX

Envestnet Asset Management Inc. lessened its stake in Orix Corp Ads (NYSE:IX) by 2.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 144,045 shares of the real estate investment trust’s stock after selling 4,177 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Orix Corp Ads were worth $3,244,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in shares of Orix Corp Ads by 433.2% during the 1st quarter. Bank of New York Mellon Corp now owns 112,927 shares of the real estate investment trust’s stock worth $2,359,000 after buying an additional 91,746 shares during the period. Cerity Partners LLC boosted its stake in Orix Corp Ads by 611.8% during the 1st quarter. Cerity Partners LLC now owns 132,802 shares of the real estate investment trust’s stock worth $2,774,000 after acquiring an additional 114,145 shares during the last quarter. CWM LLC grew its holdings in Orix Corp Ads by 347.2% during the first quarter. CWM LLC now owns 3,953 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 3,069 shares during the period. Signaturefd LLC increased its stake in Orix Corp Ads by 400.6% in the first quarter. Signaturefd LLC now owns 18,156 shares of the real estate investment trust’s stock valued at $379,000 after purchasing an additional 14,529 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in Orix Corp Ads by 400.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 1,058,900 shares of the real estate investment trust’s stock valued at $22,120,000 after purchasing an additional 847,120 shares in the last quarter. Institutional investors own 1.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Wall Street Zen cut shares of Orix Corp Ads from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Orix Corp Ads in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Orix Corp Ads Stock Up 0.8%

Orix Corp Ads stock opened at $26.25 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.76 and a quick ratio of 1.72. The company’s 50-day moving average is $25.67 and its 200-day moving average is $23.69. The firm has a market capitalization of $29.91 billion, a PE ratio of 12.01, a P/E/G ratio of 0.91 and a beta of 0.88. Orix Corp Ads has a fifty-two week low of $17.75 and a fifty-two week high of $27.21.

Orix Corp Ads (NYSE:IX) last announced its quarterly earnings results on Wednesday, November 12th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.42. The firm had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $4.87 billion. Orix Corp Ads had a return on equity of 9.01% and a net margin of 12.70%. Sell-side analysts anticipate that Orix Corp Ads will post 11.31 earnings per share for the current year.

About Orix Corp Ads

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.