State Street Corp Increases Stock Holdings in Willis Lease Finance Co. (NASDAQ:WLFC)

State Street Corp grew its holdings in shares of Willis Lease Finance Co. (NASDAQ:WLFCFree Report) by 7.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,926 shares of the transportation company’s stock after buying an additional 2,805 shares during the period. State Street Corp owned 0.60% of Willis Lease Finance worth $5,941,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WLFC. Pekin Hardy Strauss Inc. bought a new position in Willis Lease Finance in the 3rd quarter valued at approximately $4,136,000. Charles Schwab Investment Management Inc. boosted 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 worth $3,421,000 after purchasing an additional 14,590 shares during the period. 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 worth $4,912,000 after buying an additional 9,326 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Willis Lease Finance by 48.0% in 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 buying an additional 5,731 shares in the last quarter. Finally, Navellier & Associates Inc. purchased a new position in shares of Willis Lease Finance in the 3rd quarter worth approximately $525,000. Institutional investors own 93.70% of the company’s stock.

Willis Lease Finance Stock Performance

Shares of Willis Lease Finance stock opened at $201.99 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 3.84. Willis Lease Finance Co. has a 12 month low of $45.32 and a 12 month high of $235.43. The stock’s fifty day moving average price is $201.88 and its 200-day moving average price is $137.62. The firm has a market cap of $1.33 billion, a P/E ratio of 14.32 and a beta of 1.09.

Willis Lease Finance Dividend Announcement

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

Insider Activity at Willis Lease Finance

In other news, President Brian Richard Hole sold 20,000 shares of the company’s stock in a transaction on 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 sale, the president now directly owns 81,164 shares of the company’s stock, valued at $16,501,452.84. This represents a 19.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rae Ann Mckeating sold 500 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $194.32, for a total transaction of $97,160.00. Following the sale, the director now directly owns 16,500 shares in the company, valued at $3,206,280. The trade was a 2.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,500 shares of company stock valued at $5,164,310 over the last quarter. 57.02% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Report on WLFC

About Willis Lease Finance

(Free Report)

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.

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Institutional Ownership by Quarter for Willis Lease Finance (NASDAQ:WLFC)

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