Corp Orix Sells 3,700,000 Shares of ORIX Co. (NYSE:IX) Stock

ORIX Co. (NYSE:IX) major shareholder Corp Orix sold 3,700,000 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $75.38, for a total transaction of $278,906,000.00. Following the transaction, the insider now directly owns 2,976,077 shares in the company, valued at approximately $224,336,684.26. This represents a 55.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

ORIX Price Performance

Shares of ORIX stock opened at $109.16 on Friday. The company’s fifty day simple moving average is $109.76 and its two-hundred day simple moving average is $113.37. The firm has a market cap of $25.35 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of 1.10 and a beta of 0.92. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 1.38. ORIX Co. has a 12-month low of $90.57 and a 12-month high of $125.84.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of ORIX from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

Institutional Investors Weigh In On ORIX

A number of large investors have recently modified their holdings of the stock. Blue Trust Inc. lifted its position in ORIX by 635.3% during the 2nd quarter. Blue Trust Inc. now owns 1,603 shares of the real estate investment trust’s stock valued at $177,000 after acquiring an additional 1,385 shares during the period. Fifth Third Bancorp lifted its position in ORIX by 8.9% during the 2nd quarter. Fifth Third Bancorp now owns 10,095 shares of the real estate investment trust’s stock valued at $1,124,000 after acquiring an additional 821 shares during the period. International Assets Investment Management LLC purchased a new position in ORIX during the 3rd quarter valued at about $4,256,000. Cerity Partners LLC lifted its position in ORIX by 47.0% during the 3rd quarter. Cerity Partners LLC now owns 20,370 shares of the real estate investment trust’s stock valued at $2,364,000 after acquiring an additional 6,513 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in ORIX by 469.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,688 shares of the real estate investment trust’s stock valued at $2,053,000 after acquiring an additional 14,584 shares during the period. Institutional investors own 1.73% of the company’s stock.

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.