Bank of New York Mellon Corp Has $3.90 Million Stock Holdings in Willis Lease Finance Co. (NASDAQ:WLFC)

Bank of New York Mellon Corp boosted its holdings in Willis Lease Finance Co. (NASDAQ:WLFC - Free Report) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,770 shares of the transportation company's stock after acquiring an additional 1,988 shares during the quarter. Bank of New York Mellon Corp owned about 0.28% of Willis Lease Finance worth $3,896,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Truist Financial Corp purchased a new position in Willis Lease Finance in the fourth quarter worth $208,000. Lakewood Asset Management LLC purchased a new position in Willis Lease Finance in the fourth quarter worth $227,000. Precision Wealth Strategies LLC purchased a new position in Willis Lease Finance in the fourth quarter worth $257,000. Franklin Resources Inc. purchased a new position in Willis Lease Finance in the third quarter worth $283,000. Finally, Bleakley Financial Group LLC purchased a new position in Willis Lease Finance in the fourth quarter worth $297,000. Hedge funds and other institutional investors own 93.70% of the company's stock.

Insider Transactions at Willis Lease Finance

In other news, CEO Austin Chandler Willis sold 3,450 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $204.14, for a total value of $704,283.00. Following the sale, the chief executive officer now owns 158,034 shares of the company's stock, valued at approximately $32,261,060.76. The trade was a 2.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 57.02% of the company's stock.

Willis Lease Finance Price Performance

NASDAQ:WLFC traded down $2.98 during trading hours on Friday, hitting $182.96. The company's stock had a trading volume of 42,883 shares, compared to its average volume of 29,645. The business's 50-day moving average is $190.78 and its two-hundred day moving average is $184.18. The company has a market capitalization of $1.21 billion, a PE ratio of 12.97 and a beta of 1.11. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.76 and a current ratio of 1.16. Willis Lease Finance Co. has a 52-week low of $48.10 and a 52-week high of $235.43.

Willis Lease Finance (NASDAQ:WLFC - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The transportation company reported $2.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.92. Willis Lease Finance had a return on equity of 20.62% and a net margin of 18.56%. The business had revenue of $152.80 million during the quarter, compared to analysts' expectations of $145.54 million.

Willis Lease Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Wednesday, February 12th were issued a $0.25 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. Willis Lease Finance's dividend payout ratio (DPR) is 6.50%.

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.