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

A number of other institutional investors have also modified their holdings of the company. Todd Asset Management LLC boosted its holdings in Orix Corp Ads by 399.1% in the 1st quarter. Todd Asset Management LLC now owns 1,727,984 shares of the real estate investment trust's stock worth $36,098,000 after acquiring an additional 1,381,764 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in Orix Corp Ads by 400.0% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 1,058,900 shares of the real estate investment trust's stock worth $22,120,000 after acquiring an additional 847,120 shares during the period. Eagle Global Advisors LLC boosted its holdings in Orix Corp Ads by 392.5% in the 1st quarter. Eagle Global Advisors LLC now owns 397,500 shares of the real estate investment trust's stock worth $8,304,000 after acquiring an additional 316,796 shares during the period. Boston Common Asset Management LLC boosted its holdings in Orix Corp Ads by 528.1% in the 1st quarter. Boston Common Asset Management LLC now owns 283,088 shares of the real estate investment trust's stock worth $5,914,000 after acquiring an additional 238,014 shares during the period. Finally, Henry James International Management Inc. boosted its holdings in Orix Corp Ads by 400.0% in the 1st quarter. Henry James International Management Inc. now owns 278,869 shares of the real estate investment trust's stock worth $5,826,000 after acquiring an additional 223,096 shares during the period. Hedge funds and other institutional investors own 1.73% of the company's stock.

Orix Corp Ads Stock Down 1.0%

Shares of IX traded down $0.2650 during trading on Wednesday, reaching $25.7550. The company's stock had a trading volume of 88,780 shares, compared to its average volume of 219,730. The company has a fifty day moving average of $22.93 and a two-hundred day moving average of $21.36. Orix Corp Ads has a twelve month low of $17.75 and a twelve month high of $26.15. The company has a market cap of $29.35 billion, a price-to-earnings ratio of 11.77, a P/E/G ratio of 0.98 and a beta of 0.92. The company has a quick ratio of 1.72, a current ratio of 1.76 and a debt-to-equity ratio of 1.36.

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

Analyst Ratings Changes

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

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.