Parr Mcknight Wealth Management Group LLC Makes New Investment in ORIX Co. (NYSE:IX)

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

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE increased its position in shares of ORIX by 1.3% during the fourth quarter. Bank of America Corp DE now owns 424,770 shares of the real estate investment trust's stock worth $45,123,000 after purchasing an additional 5,301 shares in the last quarter. Todd Asset Management LLC increased its position in ORIX by 0.6% in the 4th quarter. Todd Asset Management LLC now owns 346,220 shares of the real estate investment trust's stock valued at $36,779,000 after acquiring an additional 2,224 shares during the period. Northern Trust Corp increased its position in ORIX by 62.8% in the 4th quarter. Northern Trust Corp now owns 213,971 shares of the real estate investment trust's stock valued at $22,730,000 after acquiring an additional 82,529 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in ORIX by 7.2% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 211,780 shares of the real estate investment trust's stock valued at $22,497,000 after acquiring an additional 14,140 shares during the period. Finally, American Century Companies Inc. increased its position in ORIX by 1.3% in the 4th quarter. American Century Companies Inc. now owns 85,114 shares of the real estate investment trust's stock valued at $9,042,000 after acquiring an additional 1,064 shares during the period. Institutional investors and hedge funds own 1.73% of the company's stock.

ORIX Stock Performance

IX stock traded up $0.78 during trading on Tuesday, hitting $21.32. The company had a trading volume of 189,879 shares, compared to its average volume of 164,516. The firm has a market cap of $24.29 billion, a PE ratio of 1.85, a price-to-earnings-growth ratio of 0.97 and a beta of 0.88. ORIX Co. has a 1-year low of $17.75 and a 1-year high of $25.17. The firm has a 50-day moving average price of $20.13 and a 200-day moving average price of $20.87. The company has a quick ratio of 1.73, a current ratio of 1.77 and a debt-to-equity ratio of 1.38.

ORIX (NYSE:IX - Get Free Report) last issued its quarterly 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 net margin of 13.66% and a return on equity of 9.73%. The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $5.17 billion. On average, analysts expect that ORIX Co. will post 11.31 earnings per share for the current year.

Analyst Ratings Changes

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

ORIX Company 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.