National Bank of Canada FI Buys 51,000 Shares of Orix Corp Ads $IX

Key Points

• National Bank of Canada FI increased its stake in Orix Corp Ads by 1,020.0%, acquiring 51,000 additional shares, bringing its total holdings to 56,000 shares valued at $1,170,000.
• Orix Corp Ads reported a quarterly EPS of $0.65, exceeding estimates by $0.11 and showcasing a revenue of $5.21 billion compared to analyst expectations of $4.96 billion.
• Wall Street Zen upgraded Orix Corp Ads from a "hold" rating to a "strong-buy" rating, indicating positive sentiment from analysts following its recent performance.

National Bank of Canada FI increased its stake in Orix Corp Ads (NYSE:IX - Free Report) by 1,020.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 56,000 shares of the real estate investment trust's stock after purchasing an additional 51,000 shares during the quarter. National Bank of Canada FI's holdings in Orix Corp Ads were worth $1,170,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Teachers Retirement System of The State of Kentucky lifted its position 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 buying an additional 847,120 shares during the last quarter. Boston Common Asset Management LLC increased its holdings in Orix Corp Ads by 528.1% during the 1st 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 during the period. Henry James International Management Inc. increased its stake in shares of Orix Corp Ads by 400.0% during 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 buying an additional 223,096 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Orix Corp Ads by 482.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 240,475 shares of the real estate investment trust's stock worth $5,009,000 after purchasing an additional 199,192 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its holdings 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 worth $5,162,000 after buying an additional 192,478 shares during the period. Hedge funds and other institutional investors own 1.73% of the company's stock.

Orix Corp Ads Stock Performance

Shares of Orix Corp Ads stock traded down $0.2350 during trading on Wednesday, hitting $25.7850. 81,574 shares of the company's stock traded hands, compared to its average volume of 219,695. 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 business has a 50-day simple moving average of $22.93 and a 200-day simple moving average of $21.36. Orix Corp Ads has a 1 year low of $17.75 and a 1 year high of $26.15. The stock has a market capitalization of $29.39 billion, a P/E ratio of 11.79, a PEG ratio of 0.98 and a beta of 0.92.

Orix Corp Ads (NYSE:IX - Get Free Report) last posted its earnings results on Thursday, August 7th. The real estate investment trust reported $0.65 earnings per share 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 the consensus estimate of $4.96 billion. Orix Corp Ads had a return on equity of 9.01% and a net margin of 12.70%. As a group, analysts forecast that Orix Corp Ads will post 11.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Orix Corp Ads from a "hold" rating to a "strong-buy" rating in a research 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.