Jones Financial Companies Lllp Has $2.81 Million Stock Holdings in Willis Lease Finance Corporation $WLFC

Key Points

• Jones Financial Companies Lllp increased its holdings in Willis Lease Finance Corporation by 50,634.3% during the first quarter, owning approximately 0.23% of the company valued at $2.81 million.
• CEO Austin Chandler Willis and President Brian Richard Hole sold shares of the company, with insider transactions totaling $1.86 million over the last three months.
• Willis Lease Finance reported $8.43 EPS for the quarter, surpassing analysts' expectations, and announced a quarterly dividend of $0.25, equating to a 0.7% yield.

Jones Financial Companies Lllp raised its holdings in Willis Lease Finance Corporation (NASDAQ:WLFC - Free Report) by 50,634.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,757 shares of the transportation company's stock after purchasing an additional 17,722 shares during the quarter. Jones Financial Companies Lllp owned 0.23% of Willis Lease Finance worth $2,805,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of WLFC. Lazard Asset Management LLC raised its holdings in Willis Lease Finance by 16.9% in the 4th quarter. Lazard Asset Management LLC now owns 643 shares of the transportation company's stock valued at $133,000 after buying an additional 93 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in shares of Willis Lease Finance during the fourth quarter valued at about $216,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Willis Lease Finance by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,700 shares of the transportation company's stock valued at $269,000 after acquiring an additional 78 shares during the last quarter. Invesco Ltd. raised its stake in shares of Willis Lease Finance by 48.7% in the 1st quarter. Invesco Ltd. now owns 1,949 shares of the transportation company's stock valued at $308,000 after acquiring an additional 638 shares during the period. Finally, Alps Advisors Inc. acquired a new position in shares of Willis Lease Finance in the 1st quarter worth approximately $311,000. 93.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Willis Lease Finance

In other Willis Lease Finance news, CEO Austin Chandler Willis sold 3,450 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $140.01, for a total transaction of $483,034.50. Following the completion of the sale, the chief executive officer owned 196,181 shares in the company, valued at $27,467,301.81. The trade was a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Brian Richard Hole sold 9,142 shares of the firm's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $150.13, for a total value of $1,372,488.46. Following the completion of the sale, the president owned 89,640 shares in the company, valued at $13,457,653.20. The trade was a 9.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,003 shares of company stock worth $8,753,643. 53.85% of the stock is currently owned by corporate insiders.

Willis Lease Finance Stock Performance

WLFC traded down $3.06 during trading on Friday, hitting $147.80. 27,437 shares of the stock were exchanged, compared to its average volume of 43,839. The company has a quick ratio of 5.55, a current ratio of 5.98 and a debt-to-equity ratio of 4.53. Willis Lease Finance Corporation has a 1-year low of $112.22 and a 1-year high of $235.43. The stock has a fifty day moving average price of $146.27 and a two-hundred day moving average price of $149.01. The firm has a market capitalization of $1.01 billion, a P/E ratio of 8.79 and a beta of 1.14.

Willis Lease Finance (NASDAQ:WLFC - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The transportation company reported $8.43 EPS for the quarter, beating analysts' consensus estimates of $2.57 by $5.86. The firm had revenue of $195.50 million during the quarter, compared to the consensus estimate of $134.00 million. Willis Lease Finance had a net margin of 18.77% and a return on equity of 21.75%.

Willis Lease Finance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Willis Lease Finance's dividend payout ratio (DPR) is currently 5.95%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Willis Lease Finance from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd.

Willis Lease Finance Profile

Willis Lease Finance Corporation operates as a lessor and servicer of commercial aircraft and aircraft engines worldwide. The company operates through two segments, Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment engages in acquiring and leasing commercial aircraft, aircraft engines, and other aircraft equipment, as well as the purchase and resale of commercial aircraft engines and other aircraft equipment, and other related businesses.