Willis Lease Finance (WLFC) Stock Rating Upgraded by BidaskClub

Willis Lease Finance (NASDAQ:WLFC) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday, April 30th, BidAskClub reports.

Separately, ValuEngine upgraded Willis Lease Finance from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.

NASDAQ:WLFC traded down $0.99 during trading hours on Tuesday, reaching $56.29. 7,320 shares of the company were exchanged, compared to its average volume of 9,293. The company has a market capitalization of $332.54 million, a P/E ratio of 6.30 and a beta of 0.59. Willis Lease Finance has a 1-year low of $30.81 and a 1-year high of $58.00. The company has a debt-to-equity ratio of 4.22, a current ratio of 2.56 and a quick ratio of 1.38.

Willis Lease Finance (NASDAQ:WLFC) last issued its earnings results on Wednesday, March 13th. The transportation company reported $2.91 earnings per share for the quarter. The firm had revenue of $118.19 million for the quarter. Willis Lease Finance had a return on equity of 20.18% and a net margin of 15.24%.

In other Willis Lease Finance news, Director Robert T. Morris sold 484 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $57.14, for a total transaction of $27,655.76. Following the completion of the sale, the director now directly owns 5,104 shares in the company, valued at approximately $291,642.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert T. Morris sold 1,100 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $55.13, for a total value of $60,643.00. Following the sale, the director now owns 5,588 shares of the company’s stock, valued at $308,066.44. The disclosure for this sale can be found here. 51.89% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in Willis Lease Finance by 21.1% during the 4th quarter. Bank of New York Mellon Corp now owns 47,746 shares of the transportation company’s stock valued at $1,652,000 after purchasing an additional 8,307 shares during the last quarter. Vanguard Group Inc boosted its stake in Willis Lease Finance by 1.9% during the 3rd quarter. Vanguard Group Inc now owns 207,800 shares of the transportation company’s stock valued at $7,172,000 after purchasing an additional 3,844 shares during the last quarter. Advisor Group Inc. acquired a new position in Willis Lease Finance during the 4th quarter valued at about $75,000. Vanguard Group Inc. boosted its stake in Willis Lease Finance by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 207,800 shares of the transportation company’s stock valued at $7,172,000 after purchasing an additional 3,844 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Willis Lease Finance by 2.6% during the 4th quarter. BlackRock Inc. now owns 185,660 shares of the transportation company’s stock valued at $6,424,000 after purchasing an additional 4,697 shares during the last quarter. Institutional investors own 35.81% of the company’s stock.

Willis Lease Finance Company Profile

Willis Lease Finance Corporation, together with its subsidiaries, leases and services commercial aircraft and aircraft engines worldwide. The company operates through two segments, Leasing and Related Operations, and Spare Parts Sales. It also purchases and resells commercial aircraft engines; and sells aircraft engine parts and materials.

Read More: What is a trade deficit?

Receive News & Ratings for Willis Lease Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Willis Lease Finance and related companies with MarketBeat.com's FREE daily email newsletter.