Orix (NYSE:IX) Cut to Sell at Zacks Investment Research

Orix (NYSE:IX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, May 15th.

According to Zacks, “ORIX CORP-ADR is a diversified financial services institution with diverse operations in both corporate and retail finance, including: leasing, lending, rentals, life insurance, real estate financing and development, venture capital, investment and retail banking, commodities funds and securities brokerage. Their international operations include leasing, rentals, fixed income investment, aircraft and ship financing, commercial mortgage servicing and property development. “

Separately, UBS raised shares of Orix from a “neutral” rating to a “buy” rating in a report on Wednesday, April 25th. They noted that the move was a valuation call.



Orix opened at $87.25 on Tuesday, MarketBeat.com reports. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.50 and a quick ratio of 1.47. Orix has a fifty-two week low of $77.52 and a fifty-two week high of $100.03. The company has a market capitalization of $22.74 billion, a P/E ratio of 82.16, a P/E/G ratio of 0.97 and a beta of 1.47.

Several hedge funds have recently made changes to their positions in the company. Clearbridge Investments LLC grew its holdings in shares of Orix by 9.8% in the 4th quarter. Clearbridge Investments LLC now owns 300,571 shares of the real estate investment trust’s stock valued at $25,482,000 after buying an additional 26,852 shares during the period. Todd Asset Management LLC grew its holdings in shares of Orix by 4.5% in the 1st quarter. Todd Asset Management LLC now owns 283,224 shares of the real estate investment trust’s stock valued at $25,451,000 after buying an additional 12,187 shares during the period. Northern Trust Corp grew its holdings in shares of Orix by 4.5% in the 1st quarter. Northern Trust Corp now owns 268,062 shares of the real estate investment trust’s stock valued at $24,088,000 after buying an additional 11,486 shares during the period. Aperio Group LLC grew its holdings in shares of Orix by 9.8% in the 4th quarter. Aperio Group LLC now owns 242,955 shares of the real estate investment trust’s stock valued at $20,598,000 after buying an additional 21,673 shares during the period. Finally, Renaissance Group LLC grew its holdings in shares of Orix by 1.2% in the 4th quarter. Renaissance Group LLC now owns 202,265 shares of the real estate investment trust’s stock valued at $17,148,000 after buying an additional 2,328 shares during the period. 1.92% of the stock is owned by institutional investors.

Orix Company Profile

ORIX Corporation provides financial services. It operates through six segments: Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operation, Retail, and Overseas Business. The Corporate Financial Services segment engages in lending, leasing, and fee businesses. The Maintenance Leasing segment is involved in leasing, automobile rental, and car sharing activities; lease and rental of precision measuring, information technology related, and medical equipment; and the sale of software packages, as well as the provision of technical support, equipment calibration, and asset management services.

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