Fmr LLC Sells 192 Shares of Willis Lease Finance Co. (NASDAQ:WLFC)

Fmr LLC lessened its position in Willis Lease Finance Co. (NASDAQ:WLFC) by 7.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,533 shares of the transportation company’s stock after selling 192 shares during the period. Fmr LLC’s holdings in Willis Lease Finance were worth $377,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of WLFC. Navellier & Associates Inc. bought a new position in Willis Lease Finance during the third quarter worth about $525,000. Empowered Funds LLC lifted its position in shares of Willis Lease Finance by 39.4% in the third quarter. Empowered Funds LLC now owns 33,008 shares of the transportation company’s stock valued at $4,912,000 after buying an additional 9,326 shares during the last quarter. Pekin Hardy Strauss Inc. bought a new position in shares of Willis Lease Finance during the 3rd quarter worth approximately $4,136,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Willis Lease Finance by 48.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,663 shares of the transportation company’s stock worth $2,628,000 after acquiring an additional 5,731 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Willis Lease Finance by 173.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,990 shares of the transportation company’s stock valued at $3,421,000 after acquiring an additional 14,590 shares during the period. 93.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Willis Lease Finance

In related news, President Brian Richard Hole sold 20,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $203.31, for a total value of $4,066,200.00. Following the transaction, the president now directly owns 81,164 shares in the company, valued at approximately $16,501,452.84. This represents a 19.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Rae Ann Mckeating sold 500 shares of Willis Lease Finance stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $194.32, for a total transaction of $97,160.00. Following the completion of the sale, the director now owns 16,500 shares of the company’s stock, valued at $3,206,280. This trade represents a 2.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,500 shares of company stock worth $5,164,310. Company insiders own 57.02% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Willis Lease Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th.

Willis Lease Finance Stock Up 1.1 %

Shares of WLFC opened at $198.70 on Friday. The firm’s 50-day simple moving average is $199.53 and its 200 day simple moving average is $131.61. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.76 and a current ratio of 1.16. The firm has a market cap of $1.31 billion, a P/E ratio of 14.08 and a beta of 1.09. Willis Lease Finance Co. has a 52 week low of $45.32 and a 52 week high of $235.43.

Willis Lease Finance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.50%. Willis Lease Finance’s dividend payout ratio (DPR) is currently 7.09%.

Willis Lease Finance Company 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.