Invesco Ltd. Has $308,000 Stock Holdings in Willis Lease Finance Corporation $WLFC

Invesco Ltd. grew its stake in Willis Lease Finance Corporation (NASDAQ:WLFC) by 48.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,949 shares of the transportation company’s stock after purchasing an additional 638 shares during the quarter. Invesco Ltd.’s holdings in Willis Lease Finance were worth $308,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Willis Lease Finance by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 152,536 shares of the transportation company’s stock valued at $24,096,000 after purchasing an additional 10,436 shares during the period. Solidarity Wealth LLC acquired a new position in shares of Willis Lease Finance in the 1st quarter valued at $1,122,000. Knights of Columbus Asset Advisors LLC lifted its stake in shares of Willis Lease Finance by 25.5% in the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 11,000 shares of the transportation company’s stock valued at $1,738,000 after purchasing an additional 2,236 shares during the period. Four Tree Island Advisory LLC lifted its stake in shares of Willis Lease Finance by 23.6% in the 1st quarter. Four Tree Island Advisory LLC now owns 96,900 shares of the transportation company’s stock valued at $15,307,000 after purchasing an additional 18,519 shares during the period. Finally, Alps Advisors Inc. acquired a new position in shares of Willis Lease Finance in the 1st quarter valued at $311,000. Institutional investors and hedge funds own 93.70% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Willis Lease Finance from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd.

Willis Lease Finance Stock Performance

Shares of Willis Lease Finance stock opened at $149.03 on Monday. The company has a market capitalization of $1.01 billion, a PE ratio of 8.86 and a beta of 1.14. Willis Lease Finance Corporation has a 12 month low of $97.54 and a 12 month high of $235.43. The company has a current ratio of 5.98, a quick ratio of 5.55 and a debt-to-equity ratio of 4.53. The stock’s fifty day simple moving average is $145.29 and its 200 day simple moving average is $150.15.

Willis Lease Finance (NASDAQ:WLFC) last issued its quarterly earnings data on Tuesday, August 5th. The transportation company reported $8.43 EPS for the quarter, topping the consensus estimate of $2.57 by $5.86. The business had revenue of $195.50 million for the quarter, compared to the consensus estimate of $134.00 million. Willis Lease Finance had a return on equity of 21.75% and a net margin of 18.77%.

Willis Lease Finance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, August 12th. Willis Lease Finance’s dividend payout ratio is 5.95%.

Insiders Place Their Bets

In other Willis Lease Finance news, President Brian Richard Hole sold 9,142 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $150.13, for a total transaction of $1,372,488.46. Following the completion of the transaction, the president owned 89,640 shares in the company, valued at approximately $13,457,653.20. This represents a 9.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Austin Chandler Willis sold 3,450 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $140.01, for a total value of $483,034.50. Following the transaction, the chief executive officer owned 196,181 shares of the company’s stock, valued at approximately $27,467,301.81. This trade represents a 1.73% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,003 shares of company stock worth $8,753,643. Corporate insiders own 57.02% 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.