Willis Lease Finance Corporation (NASDAQ:WLFC – Get Free Report) Chairman Charles Iv Willis sold 19,300 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $55.87, for a total transaction of $1,078,291.00. Following the sale, the chairman directly owned 2,565,643 shares in the company, valued at approximately $143,342,474.41. The trade was a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Willis Lease Finance Price Performance
Shares of WLFC traded down $2.37 during trading hours on Wednesday, reaching $55.09. The stock had a trading volume of 220,568 shares, compared to its average volume of 260,025. Willis Lease Finance Corporation has a 12 month low of $38.00 and a 12 month high of $81.54. The stock has a market capitalization of $1.16 billion, a PE ratio of 13.82 and a beta of 0.74. The company has a debt-to-equity ratio of 3.27, a quick ratio of 1.31 and a current ratio of 1.63. The company’s 50-day moving average is $70.22 and its two-hundred day moving average is $65.64.
Willis Lease Finance (NASDAQ:WLFC – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The transportation company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.41. The business had revenue of $194.02 million for the quarter, compared to analyst estimates 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
Analysts Set New Price Targets
WLFC has been the subject of a number of research analyst reports. 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. UBS Group set a $71.00 price objective on shares of Willis Lease Finance in a research note on Wednesday, August 12th. Finally, Freedom Capital raised shares of Willis Lease Finance from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Willis Lease Finance has a consensus rating of “Buy” and a consensus target price of $71.00.
View Our Latest Report on WLFC
Institutional Trading of Willis Lease Finance
Several hedge funds have recently bought and sold shares of WLFC. BlackRock Inc. purchased a new stake in Willis Lease Finance during the second quarter valued at $68,932,000. Four Tree Island Advisory LLC purchased a new stake in Willis Lease Finance during the 2nd quarter valued at $24,747,000. Two Sigma Investments LP lifted its holdings in shares of Willis Lease Finance by 9.8% in the 3rd quarter. Two Sigma Investments LP now owns 101,386 shares of the transportation company’s stock worth $13,899,000 after acquiring an additional 9,052 shares during the last quarter. UBS Group AG boosted its stake in shares of Willis Lease Finance by 15.0% during the 3rd quarter. UBS Group AG now owns 92,194 shares of the transportation company’s stock worth $12,639,000 after purchasing an additional 12,000 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Willis Lease Finance by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 73,452 shares of the transportation company’s stock worth $9,965,000 after acquiring an additional 947 shares during the period. Hedge funds and other institutional investors own 93.70% of the company’s stock.
About Willis Lease Finance
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.
Further Reading
- Five stocks we like better than Willis Lease Finance
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Receive News & Ratings for Willis Lease Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Willis Lease Finance and related companies with MarketBeat.com's FREE daily email newsletter.
