Orix Corp Ads $IX Shares Purchased by Ethic Inc.

Ethic Inc. grew its stake in Orix Corp Ads (NYSE:IX) by 50.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,646 shares of the real estate investment trust’s stock after buying an additional 15,308 shares during the quarter. Ethic Inc.’s holdings in Orix Corp Ads were worth $1,721,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in IX. Bank of America Corp DE boosted its stake in 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 purchasing an additional 25,662 shares during the period. Quantinno Capital Management LP raised its stake in shares of Orix Corp Ads by 16.3% in the 1st quarter. Quantinno Capital Management LP now owns 924,415 shares of the real estate investment trust’s stock valued at $27,723,000 after purchasing an additional 129,739 shares during the period. QRG Capital Management Inc. raised its stake in shares of Orix Corp Ads by 8.5% in the 2nd quarter. QRG Capital Management Inc. now owns 166,395 shares of the real estate investment trust’s stock valued at $6,330,000 after purchasing an additional 13,092 shares during the period. Gradient Investments LLC lifted its holdings in shares of Orix Corp Ads by 4.9% in the second quarter. Gradient Investments LLC now owns 165,151 shares of the real estate investment trust’s stock valued at $6,282,000 after purchasing an additional 7,697 shares in the last quarter. Finally, Calamos Advisors LLC bought a new stake in shares of Orix Corp Ads in the first quarter valued at about $4,899,000. Institutional investors own 1.73% of the company’s stock.

Orix Corp Ads Stock Performance

Shares of IX opened at $34.10 on Friday. The stock has a market capitalization of $37.85 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 0.71 and a beta of 0.92. Orix Corp Ads has a 12 month low of $25.29 and a 12 month high of $42.39. The firm has a fifty day simple moving average of $37.48 and a 200 day simple moving average of $36.25. The company has a current ratio of 2.02, a quick ratio of 2.07 and a debt-to-equity ratio of 1.07.

Analysts Set New Price Targets

IX has been the subject of several recent research reports. Zacks Research cut Orix Corp Ads from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Orix Corp Ads in a research report on Tuesday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Orix Corp Ads has a consensus rating of “Moderate Buy”.

Orix Corp Ads Profile

ORIX Corporation is a diversified financial services and investment company headquartered in Tokyo, Japan. Founded in 1964 as Orient Leasing, it initially focused on leasing and has since expanded into a broad range of financial and operating businesses. The company provides leasing, lending, insurance, banking, and asset management services. Its activities also include real estate development and management, private equity and investment, aircraft leasing, and environmental and renewable energy projects.