Parr Mcknight Wealth Management Group LLC Buys Shares of 13,663 ORIX Co. (NYSE:IX)

Parr Mcknight Wealth Management Group LLC bought a new stake in ORIX Co. (NYSE:IX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,663 shares of the real estate investment trust's stock, valued at approximately $1,451,000.

Several other large investors also recently added to or reduced their stakes in the stock. Northern Trust Corp grew its holdings in shares of ORIX by 62.8% during the 4th quarter. Northern Trust Corp now owns 213,971 shares of the real estate investment trust's stock worth $22,730,000 after purchasing an additional 82,529 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of ORIX by 133.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 41,283 shares of the real estate investment trust's stock worth $4,376,000 after purchasing an additional 23,595 shares during the period. First Trust Advisors LP purchased a new position in shares of ORIX during the 4th quarter worth $1,847,000. Teachers Retirement System of The State of Kentucky grew its holdings in shares of ORIX by 7.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 211,780 shares of the real estate investment trust's stock worth $22,497,000 after purchasing an additional 14,140 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in ORIX by 28.9% during the 4th quarter. Quantinno Capital Management LP now owns 45,376 shares of the real estate investment trust's stock worth $4,820,000 after acquiring an additional 10,176 shares in the last quarter. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised ORIX from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th.

ORIX Trading Up 0.9%

IX traded up $0.18 during mid-day trading on Thursday, hitting $21.14. 46,732 shares of the stock were exchanged, compared to its average volume of 164,277. The firm's fifty day moving average is $20.11 and its two-hundred day moving average is $20.87. ORIX Co. has a 1-year low of $17.75 and a 1-year high of $25.17. The company has a current ratio of 1.77, a quick ratio of 1.73 and a debt-to-equity ratio of 1.38. The company has a market cap of $24.10 billion, a PE ratio of 1.84, a PEG ratio of 0.97 and a beta of 0.88.

ORIX (NYSE:IX - Get Free Report) last posted its earnings results on Monday, May 12th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.20). ORIX had a return on equity of 9.73% and a net margin of 13.66%. The firm had revenue of $4.86 billion for the quarter, compared to analyst estimates of $5.17 billion. Equities analysts forecast that ORIX Co. will post 11.31 earnings per share for the current fiscal year.

About ORIX

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.