Willis Lease Finance Corporation (NASDAQ:WLFC – Get Free Report)’s stock price reached a new 52-week low during trading on Wednesday. The stock traded as low as $37.99 and last traded at $38.1690, with a volume of 33,702 shares trading hands. The stock had previously closed at $39.19.
Analyst Ratings Changes
WLFC has been the subject of a number of research reports. Freedom Capital upgraded shares of Willis Lease Finance from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. 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. Zacks Research upgraded shares of Willis Lease Finance to a “hold” rating in a research note on Wednesday, September 9th. UBS Group set a $71.00 price target on shares of Willis Lease Finance in a report on Wednesday, August 12th. Finally, Weiss Ratings downgraded shares of Willis Lease Finance from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Willis Lease Finance has a consensus rating of “Moderate Buy” and a consensus price target of $75.50.
Read Our Latest Stock Report on Willis Lease Finance
Willis Lease Finance Price Performance
The company has a current ratio of 1.63, a quick ratio of 1.31 and a debt-to-equity ratio of 3.27. The company has a 50 day moving average of $52.09 and a 200-day moving average of $62.35. The firm has a market capitalization of $812.49 million, a P/E ratio of 9.64, a P/E/G ratio of 2.22 and a beta of 0.73.
Willis Lease Finance (NASDAQ:WLFC – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The transportation company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.41. Willis Lease Finance had a return on equity of 14.11% and a net margin of 11.80%. The firm had revenue of $192.83 million for the quarter, compared to analysts’ expectations of $175.00 million. On average, sell-side analysts predict that Willis Lease Finance Corporation will post 5.15 EPS for the current year.
Willis Lease Finance Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Tuesday, August 11th were paid a $0.1330 dividend. This represents a $0.53 annualized dividend and a dividend yield of 1.4%. This is a drop from Willis Lease Finance’s previous quarterly dividend of $0.1333. The ex-dividend date was Tuesday, August 11th. Willis Lease Finance’s dividend payout ratio is currently 13.28%.
Insider Buying and Selling
In other Willis Lease Finance news, CEO Austin Willis sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $53.90, for a total transaction of $808,500.00. Following the transaction, the chief executive officer owned 420,888 shares in the company, valued at $22,685,863.20. This represents a 3.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Charles F. Iv Willis sold 31,400 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $57.93, for a total transaction of $1,819,002.00. Following the transaction, the chairman directly owned 2,612,443 shares in the company, valued at $151,338,822.99. This represents a 1.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 211,700 shares of company stock valued at $12,037,208. 53.32% of the stock is owned by company insiders.
Institutional Investors Weigh In On Willis Lease Finance
Several institutional investors have recently made changes to their positions in the stock. Copeland Capital Management LLC grew its holdings in shares of Willis Lease Finance by 533.8% during the 3rd quarter. Copeland Capital Management LLC now owns 578,191 shares of the transportation company’s stock worth $28,858,000 after purchasing an additional 486,959 shares in the last quarter. BlackRock Inc. acquired a new position in Willis Lease Finance in the second quarter valued at about $68,932,000. Four Tree Island Advisory LLC bought a new stake in Willis Lease Finance during the second quarter worth about $24,747,000. Philadelphia Financial Management of San Francisco LLC bought a new stake in Willis Lease Finance during the second quarter worth about $16,648,176,000. Finally, Bank of America Corp DE acquired a new stake in Willis Lease Finance during the second quarter worth about $10,423,000. 93.70% of the stock is currently owned by institutional investors.
Willis Lease Finance Company Profile
Willis Lease Finance Corporation (NASDAQ: WLFC) is an aviation services company that provides commercial aircraft engines, auxiliary power units, and related equipment to airlines, aircraft operators, maintenance providers, and other aviation customers. Its leasing activities include short- and long-term engine leasing, spare engine programs, and the financing and management of aviation assets.
The company also provides engine and component services, including maintenance, repair, and overhaul support; engine refurbishment and modification; parts sales; and technical and asset-management services.
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