Willis Lease Finance (NASDAQ:WLFC) EVP Sells $167,360.22 in Stock

Willis Lease Finance Corporation (NASDAQ:WLFCGet Free Report) EVP Scott Flaherty sold 2,979 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $56.18, for a total value of $167,360.22. Following the transaction, the executive vice president directly owned 241,345 shares of the company’s stock, valued at approximately $13,558,762.10. This represents a 1.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Willis Lease Finance Price Performance

Willis Lease Finance stock opened at $54.74 on Friday. The stock’s 50 day moving average is $63.39 and its 200 day moving average is $64.04. Willis Lease Finance Corporation has a one year low of $38.00 and a one year high of $81.54. The firm has a market cap of $1.16 billion, a P/E ratio of 13.73, a P/E/G ratio of 3.23 and a beta of 0.72. The company has a debt-to-equity ratio of 3.27, a current ratio of 1.63 and a quick ratio of 1.31.

Willis Lease Finance (NASDAQ:WLFCGet Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The transportation company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.41. The business had revenue of $192.83 million for the quarter, compared to analysts’ expectations of $175.00 million. Willis Lease Finance had a net margin of 11.80% and a return on equity of 14.11%. As a group, research analysts expect that Willis Lease Finance Corporation will post 5.15 EPS for the current year.

Willis Lease Finance Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Tuesday, August 11th were paid a dividend of $0.133 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.53 annualized dividend and a yield of 1.0%. Willis Lease Finance’s dividend payout ratio is currently 13.28%.

Analyst Upgrades and Downgrades

WLFC has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft set a $80.00 price target on shares of Willis Lease Finance and gave the company a “buy” rating in a research note on Tuesday, September 8th. UBS Group set a $71.00 target price on Willis Lease Finance in a research note on Wednesday, August 12th. Zacks Research raised Willis Lease Finance to a “hold” rating in a research report on Wednesday, September 9th. Freedom Capital raised Willis Lease Finance from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings lowered Willis Lease Finance from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $75.50.

Get Our Latest Stock Analysis on WLFC

Hedge Funds Weigh In On Willis Lease Finance

Hedge funds have recently added to or reduced their stakes in the stock. Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of Willis Lease Finance in the second quarter worth approximately $16,648,176,000. BlackRock Inc. purchased a new position in shares of Willis Lease Finance during the second quarter valued at approximately $68,932,000. Four Tree Island Advisory LLC purchased a new position in shares of Willis Lease Finance during the second quarter valued at approximately $24,747,000. Bank of America Corp DE bought a new stake in Willis Lease Finance during the second quarter worth $10,423,000. Finally, Bank of New York Mellon Corp bought a new stake in Willis Lease Finance during the second quarter worth $8,495,000. Institutional investors and hedge funds own 93.70% of the company’s stock.

About Willis Lease Finance

(Get Free Report)

Willis Lease Finance Corporation is an aviation services company that provides commercial aircraft engines, auxiliary power units and related equipment to airlines, aircraft operators and other aviation customers. The company’s leasing activities include short-term and long-term operating leases, as well as engine and equipment financing solutions designed to support fleet operations and maintenance planning.

In addition to leasing, Willis Lease Finance offers engine management, maintenance and asset management services.

Recommended Stories

Insider Buying and Selling by Quarter for Willis Lease Finance (NASDAQ:WLFC)

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.