Austin Chandler Willis Sells 3,450 Shares of Willis Lease Finance Co. (NASDAQ:WLFC) Stock

Willis Lease Finance Co. (NASDAQ:WLFC - Get Free Report) CEO Austin Chandler Willis sold 3,450 shares of Willis Lease Finance stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $131.37, for a total transaction of $453,226.50. Following the completion of the sale, the chief executive officer now owns 199,744 shares of the company's stock, valued at $26,240,369.28. This trade represents a 1.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Austin Chandler Willis also recently made the following trade(s):

• On Wednesday, April 2nd, Austin Chandler Willis sold 3,450 shares of Willis Lease Finance stock. The stock was sold at an average price of $157.82, for a total value of $544,479.00.

Willis Lease Finance Stock Down 1.0%

NASDAQ WLFC traded down $1.45 on Friday, reaching $141.95. The company had a trading volume of 158,747 shares, compared to its average volume of 41,497. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 3.84. The company's fifty day moving average is $140.69 and its 200 day moving average is $177.39. Willis Lease Finance Co. has a 52-week low of $58.63 and a 52-week high of $235.43. The stock has a market capitalization of $1.09 billion, a P/E ratio of 10.12 and a beta of 1.05.

Willis Lease Finance (NASDAQ:WLFC - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The transportation company reported $2.21 earnings per share for the quarter, missing analysts' consensus estimates of $4.41 by ($2.20). Willis Lease Finance had a net margin of 18.56% and a return on equity of 20.62%. The firm had revenue of $157.73 million for the quarter, compared to the consensus estimate of $149.00 million.

Willis Lease Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th were given a $0.25 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.00 annualized dividend and a yield of 0.70%. Willis Lease Finance's dividend payout ratio is currently 6.85%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Willis Lease Finance

Several large investors have recently modified their holdings of WLFC. Lazard Asset Management LLC grew its holdings in Willis Lease Finance by 16.9% during the fourth quarter. Lazard Asset Management LLC now owns 643 shares of the transportation company's stock valued at $133,000 after purchasing an additional 93 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Willis Lease Finance during the 4th quarter valued at $312,000. Deutsche Bank AG grew its stake in shares of Willis Lease Finance by 68.5% during the 4th quarter. Deutsche Bank AG now owns 2,324 shares of the transportation company's stock worth $482,000 after acquiring an additional 945 shares during the period. Truist Financial Corp purchased a new stake in Willis Lease Finance in the 4th quarter worth about $208,000. Finally, Empowered Funds LLC raised its stake in Willis Lease Finance by 4.9% in the 4th quarter. Empowered Funds LLC now owns 34,628 shares of the transportation company's stock valued at $7,187,000 after acquiring an additional 1,620 shares during the period. Hedge funds and other institutional investors own 93.70% of the company's stock.

About Willis Lease Finance

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.