Willis Lease Finance Co. (NASDAQ:WLFC) Holdings Boosted by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in Willis Lease Finance Co. (NASDAQ:WLFC) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,158 shares of the transportation company’s stock after purchasing an additional 137 shares during the period. Geode Capital Management LLC owned approximately 1.02% of Willis Lease Finance worth $13,942,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WLFC. KLP Kapitalforvaltning AS purchased a new position in Willis Lease Finance during the fourth quarter valued at approximately $104,000. Truist Financial Corp acquired a new stake in shares of Willis Lease Finance during the 4th quarter valued at $208,000. Lakewood Asset Management LLC acquired a new position in shares of Willis Lease Finance in the fourth quarter worth $227,000. Precision Wealth Strategies LLC purchased a new stake in shares of Willis Lease Finance during the fourth quarter worth $257,000. Finally, Bleakley Financial Group LLC acquired a new stake in Willis Lease Finance during the fourth quarter valued at $297,000. Hedge funds and other institutional investors own 93.70% of the company’s stock.

Insider Activity

In other news, CEO Austin Chandler Willis sold 3,450 shares of Willis Lease Finance stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $204.14, for a total value of $704,283.00. Following the transaction, the chief executive officer now directly owns 158,034 shares in the company, valued at approximately $32,261,060.76. The trade was a 2.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Scott B. Flaherty sold 1,539 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $170.90, for a total value of $263,015.10. Following the transaction, the executive vice president now owns 69,296 shares of the company’s stock, valued at approximately $11,842,686.40. This trade represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,465 shares of company stock valued at $2,439,074. Insiders own 57.02% of the company’s stock.

Willis Lease Finance Stock Performance

Shares of WLFC stock opened at $142.75 on Monday. Willis Lease Finance Co. has a fifty-two week low of $48.10 and a fifty-two week high of $235.43. The stock’s 50-day moving average is $169.85 and its two-hundred day moving average is $188.43. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.16 and a quick ratio of 0.76. The firm has a market cap of $943.01 million, a P/E ratio of 10.12 and a beta of 0.79.

Willis Lease Finance (NASDAQ:WLFC) last issued its quarterly earnings data on Monday, March 10th. The transportation company reported $2.81 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.92. The firm had revenue of $152.80 million for the quarter, compared to analyst estimates of $145.54 million. Willis Lease Finance had a net margin of 18.56% and a return on equity of 20.62%.

Willis Lease Finance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.70%. Willis Lease Finance’s dividend payout ratio (DPR) is presently 6.50%.

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.