Orix Corp Ads $IX Shares Sold by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings cut its Orix stake by 19.3% in the third quarter, selling 27,591 shares and retaining 115,171 shares valued at approximately $4.34 million.
• Orix reported quarterly earnings of $1.57 per share on $7.06 billion in revenue, with an 18.02% net margin and 13.11% return on equity. Analysts expect full-year EPS of $5.16.
• Shares opened at $36.46, below their 52-week high of $42.39. Analyst opinions are mixed, but the stock holds a “Moderate Buy” consensus rating.

Crossmark Global Holdings Inc. reduced its stake in shares of Orix Corp Ads (NYSE:IX - Free Report) by 19.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 115,171 shares of the real estate investment trust's stock after selling 27,591 shares during the period. Crossmark Global Holdings Inc.'s holdings in Orix Corp Ads were worth $4,343,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of IX. Calamos Advisors LLC acquired a new stake in shares of Orix Corp Ads in the first quarter valued at about $4,899,000. Quantinno Capital Management LP grew its position in Orix Corp Ads by 16.3% in the first quarter. Quantinno Capital Management LP now owns 924,415 shares of the real estate investment trust's stock worth $27,723,000 after acquiring an additional 129,739 shares during the period. Renaissance Technologies LLC acquired a new stake in Orix Corp Ads during the first quarter worth $3,287,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Orix Corp Ads by 75.5% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 114,400 shares of the real estate investment trust's stock worth $3,431,000 after acquiring an additional 49,200 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in Orix Corp Ads by 116.2% during the first quarter. Royal Bank of Canada now owns 88,450 shares of the real estate investment trust's stock worth $2,652,000 after acquiring an additional 47,544 shares during the last quarter. Hedge funds and other institutional investors own 1.73% of the company's stock.

Orix Corp Ads Price Performance

IX opened at $36.46 on Friday. The stock has a market cap of $40.48 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 0.72 and a beta of 0.90. Orix Corp Ads has a 1 year low of $24.19 and a 1 year high of $42.39. The stock has a fifty day moving average price of $38.43 and a 200 day moving average price of $37.74. The company has a current ratio of 2.15, a quick ratio of 2.07 and a debt-to-equity ratio of 1.20.

Orix Corp Ads (NYSE:IX - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The real estate investment trust reported $1.57 earnings per share for the quarter. The business had revenue of $7.06 billion during the quarter. Orix Corp Ads had a return on equity of 13.11% and a net margin of 18.02%. Analysts forecast that Orix Corp Ads will post 5.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

IX has been the subject of a number of research reports. Zacks Research cut Orix Corp Ads from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Weiss Ratings raised Orix Corp Ads from a "hold (c+)" rating to a "buy (b)" rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

About Orix Corp Ads

ORIX Corporation is a diversified financial services company headquartered in Tokyo, Japan. Founded in 1964 as a leasing business, the company has expanded into a broad range of services for corporate and retail customers, including equipment and automobile leasing, loans, investment products, insurance, and banking-related services.

ORIX also operates businesses in real estate, private equity and concession investments, aircraft leasing, ships and transportation equipment, and environmental and energy services.

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