National Bank of Canada FI Acquires 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 grew its holdings in Orix Corp Ads (NYSE:IX - Free Report) by 1,020.0% during the first quarter, according to the company in its most recent Form 13F filing 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 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of IX. Bruce G. Allen Investments LLC lifted its stake in shares of Orix Corp Ads by 388.5% during the first quarter. Bruce G. Allen Investments LLC now owns 1,270 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 1,010 shares during the period. Aquatic Capital Management LLC lifted its stake in shares of Orix Corp Ads by 1,310.0% during the fourth quarter. Aquatic Capital Management LLC now owns 1,410 shares of the real estate investment trust's stock valued at $150,000 after acquiring an additional 1,310 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Orix Corp Ads by 234.7% during the first quarter. Farther Finance Advisors LLC now owns 1,563 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 1,096 shares during the period. Wayfinding Financial LLC acquired a new position in shares of Orix Corp Ads during the first quarter valued at $34,000. Finally, Brentview Investment Management LLC acquired a new position in shares of Orix Corp Ads during the first quarter valued at $37,000. Institutional investors and hedge funds own 1.73% of the company's stock.

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 note on Saturday, August 9th.

Orix Corp Ads Trading Down 1.1%

NYSE IX traded down $0.2750 on Thursday, reaching $25.4350. The company had a trading volume of 155,446 shares, compared to its average volume of 191,594. The stock's 50 day moving average is $23.09 and its 200-day moving average is $21.42. The stock has a market cap of $28.99 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 0.97 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 has a 52 week low of $17.75 and a 52 week high of $26.15.

Orix Corp Ads (NYSE:IX - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.11. The business had revenue of $5.21 billion during 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%. Equities analysts predict that Orix Corp Ads will post 11.31 earnings per share for the current year.

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.