Willis Lease Finance Corporation (NASDAQ:WLFC – Get Free Report) Chairman Charles Iv Willis sold 16,700 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $55.12, for a total transaction of $920,504.00. Following the completion of the sale, the chairman owned 2,519,143 shares in the company, valued at $138,855,162.16. This represents a 0.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Willis Lease Finance Stock Up 1.4%
Willis Lease Finance stock opened at $55.15 on Tuesday. The stock has a market cap of $1.17 billion, a PE ratio of 13.83 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. Willis Lease Finance Corporation has a one year low of $38.00 and a one year high of $81.54. The stock has a fifty day moving average of $69.68 and a 200 day moving average of $65.49.
Willis Lease Finance (NASDAQ:WLFC – Get Free Report) last posted its earnings results on Tuesday, August 4th. The transportation company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $194.02 million for the quarter, compared to the consensus estimate of $175.00 million.
Willis Lease Finance Cuts Dividend
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on WLFC shares. Freedom Capital raised Willis Lease Finance from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. 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. Finally, UBS Group set a $71.00 price target on shares of Willis Lease Finance in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Willis Lease Finance has an average rating of “Buy” and a consensus price target of $71.00.
View Our Latest Report on WLFC
Institutional Investors Weigh In On Willis Lease Finance
Large investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC purchased a new stake in Willis Lease Finance during the fourth quarter worth approximately $46,000. Osaic Holdings Inc. grew its holdings in Willis Lease Finance by 742.5% in the 2nd quarter. Osaic Holdings Inc. now owns 337 shares of the transportation company’s stock worth $48,000 after buying an additional 297 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in Willis Lease Finance in the second quarter worth about $54,000. Larson Financial Group LLC grew its position in Willis Lease Finance by 197.9% in the 3rd quarter. Larson Financial Group LLC now owns 694 shares of the transportation company’s stock valued at $95,000 after buying an additional 461 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Willis Lease Finance in the second quarter worth approximately $109,000. 93.70% of the stock is owned by institutional investors and hedge funds.
Willis Lease Finance Company Profile
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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