Orix Corp Ads (NYSE:IX) Sees Strong Trading Volume – Time to Buy?

Orix Corp Ads (NYSE:IX) shares saw unusually-strong trading volume on Monday . Approximately 305,334 shares were traded during trading, an increase of 59% from the previous session’s volume of 192,274 shares.The stock last traded at $29.1980 and had previously closed at $28.56.

Analyst Ratings Changes

IX has been the topic of a number of recent research reports. Weiss Ratings raised Orix Corp Ads from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Wall Street Zen cut shares of Orix Corp Ads from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 22nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Orix Corp Ads has a consensus rating of “Buy”.

Orix Corp Ads Stock Down 1.4%

The company has a debt-to-equity ratio of 1.31, a current ratio of 1.81 and a quick ratio of 1.77. The firm has a 50-day moving average of $26.02 and a 200 day moving average of $24.77. The stock has a market capitalization of $32.96 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 0.90 and a beta of 0.74.

Orix Corp Ads (NYSE:IX) last announced its quarterly earnings data on Wednesday, November 12th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.42. Orix Corp Ads had a return on equity of 10.30% and a net margin of 14.53%.The company had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $4.87 billion. As a group, sell-side analysts forecast that Orix Corp Ads will post 11.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Orix Corp Ads

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in shares of Orix Corp Ads by 0.9% during the 3rd quarter. Bank of America Corp DE now owns 2,375,278 shares of the real estate investment trust’s stock worth $62,042,000 after buying an additional 21,330 shares during the last quarter. Todd Asset Management LLC grew its stake in Orix Corp Ads by 6.1% in the 3rd quarter. Todd Asset Management LLC now owns 1,847,014 shares of the real estate investment trust’s stock valued at $48,244,000 after buying an additional 105,837 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in Orix Corp Ads by 8.3% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,147,000 shares of the real estate investment trust’s stock valued at $29,960,000 after acquiring an additional 88,100 shares during the period. Northern Trust Corp raised its holdings in Orix Corp Ads by 400.1% in the 1st quarter. Northern Trust Corp now owns 1,070,093 shares of the real estate investment trust’s stock valued at $22,354,000 after acquiring an additional 856,122 shares during the period. Finally, American Century Companies Inc. lifted its position in Orix Corp Ads by 17.6% during the third quarter. American Century Companies Inc. now owns 639,305 shares of the real estate investment trust’s stock worth $16,699,000 after acquiring an additional 95,796 shares during the last quarter. 1.73% of the stock is currently owned by institutional investors and hedge funds.

Orix Corp Ads Company 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.