Jane Street Group LLC Reduces Stock Holdings in Willdan Group, Inc. (NASDAQ:WLDN)

Jane Street Group LLC lowered its position in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 58.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 8,271 shares of the construction company’s stock after selling 11,602 shares during the quarter. Jane Street Group LLC owned about 0.06% of Willdan Group worth $315,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in WLDN. Wells Fargo & Company MN grew its stake in Willdan Group by 2,934.0% in the 4th quarter. Wells Fargo & Company MN now owns 175,334 shares of the construction company’s stock valued at $6,678,000 after acquiring an additional 169,555 shares during the period. Alliancebernstein L.P. purchased a new position in shares of Willdan Group in the fourth quarter valued at approximately $2,389,000. Lord Abbett & CO. LLC increased its holdings in Willdan Group by 13.4% during the 4th quarter. Lord Abbett & CO. LLC now owns 432,135 shares of the construction company’s stock worth $16,460,000 after purchasing an additional 51,003 shares during the period. Vanguard Group Inc. increased its position in shares of Willdan Group by 7.2% in the 4th quarter. Vanguard Group Inc. now owns 751,985 shares of the construction company’s stock valued at $28,643,000 after purchasing an additional 50,262 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Willdan Group by 13.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 419,319 shares of the construction company’s stock valued at $15,972,000 after acquiring an additional 49,217 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Willdan Group

In other news, Director Mohammad Shahidehpour sold 2,273 shares of Willdan Group stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $39.20, for a total value of $89,101.60. Following the completion of the transaction, the director now directly owns 12,767 shares of the company’s stock, valued at approximately $500,466.40. The trade was a 15.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas Donald Brisbin sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $48.54, for a total value of $970,800.00. Following the completion of the sale, the director now directly owns 422,454 shares in the company, valued at approximately $20,505,917.16. This trade represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,273 shares of company stock valued at $5,083,176. 8.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

WLDN has been the subject of several research analyst reports. Wall Street Zen downgraded Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 19th. Wedbush raised Willdan Group to a “strong-buy” rating in a report on Monday, March 10th.

Willdan Group Stock Performance

NASDAQ:WLDN opened at $53.89 on Tuesday. Willdan Group, Inc. has a twelve month low of $27.19 and a twelve month high of $54.49. The firm’s fifty day simple moving average is $42.84 and its 200 day simple moving average is $39.90. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $781.24 million, a price-to-earnings ratio of 33.06 and a beta of 1.09.

Willdan Group Profile

Willdan Group, Inc, together with its subsidiaries, provides professional, technical, and consulting services primarily in the United States. It operates in two segments, Energy, and Engineering and Consulting. The Energy segment offers comprehensive audit and surveys, program design and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services.