Willis Lease Finance (NASDAQ:WLFC) EVP Scott Flaherty Sells 8,326 Shares

Willis Lease Finance Corporation (NASDAQ:WLFCGet Free Report) EVP Scott Flaherty sold 8,326 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $53.56, for a total transaction of $445,940.56. Following the transaction, the executive vice president owned 214,324 shares of the company’s stock, valued at approximately $11,479,193.44. The trade was a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Willis Lease Finance Stock Performance

NASDAQ WLFC opened at $54.31 on Wednesday. The company has a debt-to-equity ratio of 3.27, a current ratio of 1.63 and a quick ratio of 1.31. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 13.62, a P/E/G ratio of 3.17 and a beta of 0.72. The company’s fifty day moving average is $64.17 and its two-hundred day moving average is $64.22. Willis Lease Finance Corporation has a 52-week low of $38.00 and a 52-week high of $81.54.

Willis Lease Finance (NASDAQ:WLFCGet Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.41. The company had revenue of $192.83 million for the quarter, compared to the consensus estimate of $175.00 million. Willis Lease Finance had a net margin of 11.80% and a return on equity of 14.11%. Equities research analysts forecast that Willis Lease Finance Corporation will post 5.15 EPS for the current year.

Willis Lease Finance Cuts Dividend

The company also recently declared 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. This represents a $0.53 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, August 11th. Willis Lease Finance’s payout ratio is currently 13.28%.

Analysts Set New Price Targets

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

Get Our Latest Report on WLFC

Institutional Investors Weigh In On Willis Lease Finance

Large investors have recently bought and sold shares of the business. LSV Asset Management acquired a new stake in shares of Willis Lease Finance in the fourth quarter valued at $1,462,000. Four Tree Island Advisory LLC acquired a new position in Willis Lease Finance during the 2nd quarter worth about $24,747,000. Bank of America Corp DE grew its holdings in Willis Lease Finance by 34.5% during the 1st quarter. Bank of America Corp DE now owns 53,508 shares of the transportation company’s stock worth $9,110,000 after acquiring an additional 13,731 shares during the last quarter. Quantinno Capital Management LP bought a new stake in Willis Lease Finance during the 1st quarter worth about $293,000. Finally, Lazard Asset Management LLC increased its position in Willis Lease Finance by 39.3% in the 1st quarter. Lazard Asset Management LLC now owns 3,260 shares of the transportation company’s stock valued at $555,000 after acquiring an additional 920 shares in the last quarter. 93.70% of the stock is currently owned by institutional investors.

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.

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

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