Orix Corp Ads (NYSE:IX) Cut to "Buy" at Wall Street Zen

Key Points

• Investment analysts at Wall Street Zen have downgraded Orix Corp Ads from a "strong-buy" rating to a "buy" rating.
• Orix Corp Ads reported earnings of $0.65 EPS for the last quarter, exceeding analysts' expectations of $0.54.
• Significant institutional trading activity has been noted, with firms like Bank of America and others significantly increasing their stakes in Orix Corp Ads.

Wall Street Zen cut shares of Orix Corp Ads (NYSE:IX - Free Report) from a strong-buy rating to a buy rating in a report released on Friday.

Orix Corp Ads Stock Down 0.4%

NYSE IX traded down $0.1050 during mid-day trading on Friday, reaching $25.9550. 78,621 shares of the company's stock traded hands, compared to its average volume of 194,799. Orix Corp Ads has a 1-year low of $17.75 and a 1-year high of $26.25. The company has a fifty day simple moving average of $23.18 and a 200-day simple moving average of $21.45. The company has a current ratio of 1.76, a quick ratio of 1.72 and a debt-to-equity ratio of 1.36. The company has a market cap of $29.58 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 0.98 and a beta of 0.92.

Orix Corp Ads (NYSE:IX - Get Free Report) last issued its earnings results on Thursday, August 7th. The real estate investment trust reported $0.65 EPS for the quarter, topping the consensus estimate of $0.54 by $0.11. The company had revenue of $5.21 billion during the quarter, compared to analyst estimates 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, equities research analysts expect that Orix Corp Ads will post 11.31 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IX. Todd Asset Management LLC boosted its position in Orix Corp Ads by 399.1% during the 1st quarter. Todd Asset Management LLC now owns 1,727,984 shares of the real estate investment trust's stock valued at $36,098,000 after purchasing an additional 1,381,764 shares during the period. Northern Trust Corp boosted its position in Orix Corp Ads by 400.1% during the 1st quarter. Northern Trust Corp now owns 1,070,093 shares of the real estate investment trust's stock valued at $22,354,000 after purchasing an additional 856,122 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in Orix Corp Ads by 400.0% during 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 valued at $22,120,000 after purchasing an additional 847,120 shares during the period. American Century Companies Inc. raised its stake in Orix Corp Ads by 449.1% during the 1st quarter. American Century Companies Inc. now owns 467,365 shares of the real estate investment trust's stock valued at $9,763,000 after acquiring an additional 382,251 shares in the last quarter. Finally, Eagle Global Advisors LLC raised its stake in Orix Corp Ads by 392.5% during the 1st quarter. Eagle Global Advisors LLC now owns 397,500 shares of the real estate investment trust's stock valued at $8,304,000 after acquiring an additional 316,796 shares in the last quarter. Institutional investors and hedge funds own 1.73% of the company's stock.

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.