Orix Corp Ads $IX Shares Bought by Neuberger Berman Group LLC

Key Points

• Neuberger Berman Group LLC significantly increased its holdings in Orix Corp Ads by purchasing an additional 10,779 shares, raising their total share count to 14,095, valued at $294,000.
• Analyst ratings for Orix Corp Ads were positively adjusted, with Wall Street Zen upgrading the stock from a "hold" to a "strong-buy" rating.
• Orix Corp Ads reported quarterly earnings of $0.65 per share, exceeding analyst expectations by $0.11, alongside a revenue of $5.21 billion during the period.

Neuberger Berman Group LLC raised its position in shares of Orix Corp Ads (NYSE:IX - Free Report) by 325.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,095 shares of the real estate investment trust's stock after acquiring an additional 10,779 shares during the period. Neuberger Berman Group LLC's holdings in Orix Corp Ads were worth $294,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Bruce G. Allen Investments LLC grew its holdings in shares of Orix Corp Ads by 388.5% in the first quarter. Bruce G. Allen Investments LLC now owns 1,270 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 1,010 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Orix Corp Ads by 234.7% in the first quarter. Farther Finance Advisors LLC now owns 1,563 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 1,096 shares during the last quarter. Wayfinding Financial LLC bought a new position in Orix Corp Ads during the 1st quarter worth about $34,000. Brentview Investment Management LLC bought a new position in Orix Corp Ads during the 1st quarter worth about $37,000. Finally, Bessemer Group Inc. grew its holdings in Orix Corp Ads by 3,582.3% during the 1st quarter. Bessemer Group Inc. now owns 2,283 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 2,221 shares in the last quarter. Institutional investors own 1.73% of the company's stock.

Orix Corp Ads Stock Performance

IX stock traded down $0.2450 during midday trading on Thursday, hitting $25.4650. 48,997 shares of the stock traded hands, compared to its average volume of 219,153. The firm has a market cap of $29.02 billion, a P/E ratio of 11.65, a PEG ratio of 0.98 and a beta of 0.92. 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 stock's fifty day simple moving average is $23.02 and its 200-day simple moving average is $21.39. Orix Corp Ads has a 1-year low of $17.75 and a 1-year high of $26.15.

Orix Corp Ads (NYSE:IX - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.65 EPS for the quarter, topping the consensus estimate of $0.54 by $0.11. Orix Corp Ads had a net margin of 12.70% and a return on equity of 9.01%. The company had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.96 billion. On average, analysts expect that Orix Corp Ads will post 11.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Orix Corp Ads from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th.

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.