Orix Corp Ads (NYSE:IX) Sees Large Volume Increase – Should You Buy?

Orix Corp Ads (NYSE:IX) shares saw an uptick in trading volume on Friday . 316,714 shares changed hands during mid-day trading, a decline of 11% from the previous session’s volume of 356,960 shares.The stock last traded at $29.6050 and had previously closed at $30.03.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IX. Weiss Ratings reissued a “buy (b-)” rating on shares of Orix Corp Ads in a research note on Monday, December 29th. Wall Street Zen cut Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Orix Corp Ads Stock Performance

The company has a market capitalization of $33.57 billion, a PE ratio of 10.56, a PEG ratio of 0.71 and a beta of 0.71. The company has a quick ratio of 1.77, a current ratio of 1.82 and a debt-to-equity ratio of 1.29. The company has a 50-day moving average price of $32.28 and a two-hundred day moving average price of $28.72.

Orix Corp Ads (NYSE:IX) last announced its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.18. Orix Corp Ads had a return on equity of 10.69% and a net margin of 15.04%.The firm had revenue of $4.78 billion for the quarter, compared to analysts’ expectations of $4.38 billion. Analysts predict that Orix Corp Ads will post 11.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of IX. Caprock Group LLC bought a new stake in Orix Corp Ads in the third quarter valued at approximately $659,000. Todd Asset Management LLC grew its holdings in shares of Orix Corp Ads by 6.1% in the third quarter. Todd Asset Management LLC now owns 1,847,014 shares of the real estate investment trust’s stock worth $48,244,000 after purchasing an additional 105,837 shares during the last quarter. CWM LLC increased its stake in shares of Orix Corp Ads by 121.9% in the third quarter. CWM LLC now owns 93,913 shares of the real estate investment trust’s stock worth $2,453,000 after buying an additional 51,595 shares during the period. AlphaCore Capital LLC increased its stake in shares of Orix Corp Ads by 6,402.7% in the third quarter. AlphaCore Capital LLC now owns 77,707 shares of the real estate investment trust’s stock worth $2,030,000 after buying an additional 76,512 shares during the period. Finally, American Century Companies Inc. raised its holdings in Orix Corp Ads by 17.6% during the 3rd quarter. American Century Companies Inc. now owns 639,305 shares of the real estate investment trust’s stock valued at $16,699,000 after buying an additional 95,796 shares during the last quarter. Hedge funds and other institutional investors own 1.73% of the company’s stock.

Orix Corp Ads Company Profile

ORIX Corporation ADS (NYSE: IX) is the American depositary share listing of ORIX Corporation, a diversified financial services group headquartered in Tokyo, Japan. The company operates across multiple business lines that include leasing and lending, real estate, investment and asset management, and a range of retail and corporate financial services. ORIX’s ADS program allows U.S. investors to access ownership in the Tokyo-based group through shares traded on the New York Stock Exchange.

Core activities include equipment leasing and installment financing for corporate customers, corporate lending and structured finance, and real estate development and property management.