Willis Lease Finance Corporation (NASDAQ:WLFC - Get Free Report) Chairman Charles Iv Willis sold 13,500 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $54.47, for a total value of $735,345.00. Following the transaction, the chairman owned 2,535,843 shares in the company, valued at $138,127,368.21. The trade was a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Willis Lease Finance Stock Performance
Shares of WLFC stock opened at $55.15 on Tuesday. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 13.83 and a beta of 0.74. The company has a quick ratio of 1.31, a current ratio of 1.63 and a debt-to-equity ratio of 3.27. The firm has a 50 day moving average of $69.68 and a 200-day moving average of $65.49. Willis Lease Finance Corporation has a 52 week low of $38.00 and a 52 week high of $81.54.
Willis Lease Finance (NASDAQ:WLFC - Get Free Report) last released its earnings results on Tuesday, August 4th. The transportation company reported $1.31 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.41. The company had revenue of $194.02 million for the quarter, compared to analysts' expectations of $175.00 million. Willis Lease Finance had a return on equity of 14.11% and a net margin of 11.80%.
Willis Lease Finance Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Tuesday, August 11th were given a dividend of $0.133 per share. The ex-dividend date was Tuesday, August 11th. This represents a $0.53 dividend on an annualized basis and a yield of 1.0%. Willis Lease Finance's dividend payout ratio (DPR) is presently 13.28%.
Analyst Ratings Changes
A number of brokerages have recently commented on WLFC. Freedom Capital upgraded shares of Willis Lease Finance from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 12th. UBS Group set a $71.00 price target on Willis Lease Finance in a research report on Wednesday, August 12th. Finally, Weiss Ratings lowered shares of Willis Lease Finance from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $71.00.
Get Our Latest Stock Report on WLFC
Institutional Investors Weigh In On Willis Lease Finance
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its position in Willis Lease Finance by 27,701.6% during the second quarter. California State Teachers Retirement System now owns 750,922 shares of the transportation company's stock worth $171,811,000 after acquiring an additional 748,221 shares during the last quarter. BlackRock Inc. acquired a new position in Willis Lease Finance in the second quarter valued at approximately $68,932,000. Four Tree Island Advisory LLC acquired a new position in Willis Lease Finance in the second quarter valued at approximately $24,747,000. Philadelphia Financial Management of San Francisco LLC purchased a new position in Willis Lease Finance in the second quarter valued at approximately $16,648,176,000. Finally, Millennium Management LLC lifted its holdings in Willis Lease Finance by 1,498.3% in the third quarter. Millennium Management LLC now owns 66,008 shares of the transportation company's stock valued at $9,049,000 after acquiring an additional 61,878 shares during the period. Institutional investors and hedge funds own 93.70% of the company's stock.
About Willis Lease Finance
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Get Free Report)
Willis Lease Finance Corporation (NASDAQ: WLFC) is an independent global provider of aircraft engine leasing, trading and aftermarket services. Founded in 1991 and headquartered in the United States, the company specializes in offering short- and long-term operating leases for jet engines and auxiliary power units. Through its broad engine portfolio, Willis Lease Finance supports a wide range of commercial aircraft across various operators, including major airlines, regional carriers and other leasing companies.
In addition to leasing solutions, Willis Lease Finance offers comprehensive engine trading and asset management services.
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