Whittier Trust Co. Acquires 62,656 Shares of Orix Corp Ads (NYSE:IX)

Whittier Trust Co. lifted its position in Orix Corp Ads (NYSE:IX - Free Report) by 458.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,311 shares of the real estate investment trust's stock after buying an additional 62,656 shares during the quarter. Whittier Trust Co.'s holdings in Orix Corp Ads were worth $1,593,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Boston Common Asset Management LLC raised its stake in Orix Corp Ads by 528.1% in the first quarter. Boston Common Asset Management LLC now owns 283,088 shares of the real estate investment trust's stock valued at $5,914,000 after purchasing an additional 238,014 shares in the last quarter. Henry James International Management Inc. raised its stake in Orix Corp Ads by 400.0% in the first quarter. Henry James International Management Inc. now owns 278,869 shares of the real estate investment trust's stock valued at $5,826,000 after purchasing an additional 223,096 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Orix Corp Ads by 482.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 240,475 shares of the real estate investment trust's stock valued at $5,009,000 after purchasing an additional 199,192 shares in the last quarter. QRG Capital Management Inc. raised its stake in Orix Corp Ads by 352.5% in the first quarter. QRG Capital Management Inc. now owns 247,085 shares of the real estate investment trust's stock valued at $5,162,000 after purchasing an additional 192,478 shares in the last quarter. Finally, Gilman Hill Asset Management LLC raised its stake in Orix Corp Ads by 435.6% in the first quarter. Gilman Hill Asset Management LLC now owns 195,964 shares of the real estate investment trust's stock valued at $4,094,000 after purchasing an additional 159,374 shares in the last quarter. 1.73% of the stock is owned by hedge funds and other institutional investors.

Orix Corp Ads Price Performance

NYSE IX traded up $0.00 on Thursday, reaching $22.28. 161,121 shares of the company's stock traded hands, compared to its average volume of 180,430. Orix Corp Ads has a 12 month low of $17.75 and a 12 month high of $25.17. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.77 and a quick ratio of 1.73. The stock has a 50-day simple moving average of $21.47 and a 200 day simple moving average of $20.88. The stock has a market cap of $25.40 billion, a PE ratio of 11.04, a P/E/G ratio of 0.80 and a beta of 0.86.

Orix Corp Ads (NYSE:IX - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The real estate investment trust reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.20). Orix Corp Ads had a net margin of 12.24% and a return on equity of 8.53%. The business had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $5.17 billion. As a group, research analysts predict that Orix Corp Ads will post 11.31 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Orix Corp Ads from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th.

Orix Corp Ads 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.