TD Waterhouse Canada Inc. Purchases Shares of 28,548 Orix Corp Ads $IX

Key Points

• TD Waterhouse Canada acquired 28,548 shares of Orix Corp Ads in the second quarter, valued at approximately $1.1 million. Other institutions also increased or initiated positions, though hedge funds and institutional investors collectively own just 1.73% of the stock.
• Analyst sentiment is mixed: Wall Street Zen and Zacks Research downgraded the stock to “hold,” while Weiss Ratings upgraded it to “buy.” MarketBeat reports an overall “Moderate Buy” consensus.
• Orix shares opened at $39.03, down 0.5%, with a market capitalization of $43.33 billion. The company reported quarterly EPS of $1.57 on $7.06 billion in revenue, and analysts expect full-year EPS of $5.04.

TD Waterhouse Canada Inc. bought a new stake in shares of Orix Corp Ads (NYSE:IX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,548 shares of the real estate investment trust's stock, valued at approximately $1,097,000.

A number of other hedge funds have also added to or reduced their stakes in IX. Bank of America Corp DE grew its position in shares of Orix Corp Ads by 0.9% in the 1st quarter. Bank of America Corp DE now owns 2,893,892 shares of the real estate investment trust's stock worth $86,788,000 after buying an additional 25,662 shares during the period. Renaissance Technologies LLC bought a new position in shares of Orix Corp Ads during the first quarter valued at approximately $3,287,000. Sivia Capital Partners LLC bought a new position in shares of Orix Corp Ads during the second quarter valued at approximately $247,000. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Orix Corp Ads by 75.5% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 114,400 shares of the real estate investment trust's stock valued at $3,431,000 after purchasing an additional 49,200 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. purchased a new stake in shares of Orix Corp Ads in the 1st quarter worth approximately $839,000. 1.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on IX. Wall Street Zen lowered Orix Corp Ads from a "buy" rating to a "hold" rating in a research report on Sunday, June 7th. Zacks Research cut shares of Orix Corp Ads from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Finally, Weiss Ratings upgraded shares of Orix Corp Ads from a "hold (c+)" rating to a "buy (b)" rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy".

Orix Corp Ads Stock Down 0.5%

Shares of NYSE:IX opened at $39.03 on Thursday. The company has a market cap of $43.33 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 0.78 and a beta of 0.87. Orix Corp Ads has a 12 month low of $24.19 and a 12 month high of $42.39. The company has a current ratio of 2.15, a quick ratio of 2.07 and a debt-to-equity ratio of 1.20. The company has a 50-day moving average price of $39.69 and a 200 day moving average price of $36.34.

Orix Corp Ads (NYSE:IX - Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The real estate investment trust reported $1.57 EPS for the quarter. Orix Corp Ads had a return on equity of 13.11% and a net margin of 18.02%.The company had revenue of $7.06 billion for the quarter. As a group, equities research analysts predict that Orix Corp Ads will post 5.04 earnings per share for the current year.

Orix Corp Ads Profile

ORIX Corporation is a diversified financial services and asset-management company headquartered in Tokyo, Japan. Founded in 1964 as Orient Leasing, the company has expanded from its original leasing business into a broad range of financial, investment and operating businesses. Its American depositary shares trade on the New York Stock Exchange under the symbol IX.

ORIX provides corporate financial services, leasing, business investment, insurance, banking and credit services. Its activities also include real estate development and management, private equity and concession investments, aircraft and ship financing, and asset management.

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