Ameriprise Financial Inc. Has $19.60 Million Position in Darling Ingredients Inc (DAR)
Ameriprise Financial Inc. trimmed its holdings in shares of Darling Ingredients Inc (NYSE:DAR) by 3.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,118,852 shares of the company’s stock after selling 34,942 shares during the quarter. Ameriprise Financial Inc. owned 0.68% of Darling Ingredients worth $19,604,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Harrington Investments INC bought a new stake in shares of Darling Ingredients during the third quarter worth $185,000. BNP Paribas Arbitrage SA increased its stake in shares of Darling Ingredients by 50.1% during the second quarter. BNP Paribas Arbitrage SA now owns 64,534 shares of the company’s stock valued at $1,016,000 after buying an additional 21,528 shares during the period. NFC Investments LLC increased its stake in shares of Darling Ingredients by 3.2% during the second quarter. NFC Investments LLC now owns 562,220 shares of the company’s stock valued at $8,849,000 after buying an additional 17,315 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Darling Ingredients by 5.3% during the second quarter. Teacher Retirement System of Texas now owns 13,214 shares of the company’s stock valued at $208,000 after buying an additional 663 shares during the period. Finally, US Bancorp DE increased its stake in shares of Darling Ingredients by 1.9% during the second quarter. US Bancorp DE now owns 27,259 shares of the company’s stock valued at $429,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 98.06% of the company’s stock.
DAR has been the topic of several research reports. Zacks Investment Research lowered Darling Ingredients from a “buy” rating to a “sell” rating in a research note on Monday, October 16th. J P Morgan Chase & Co lowered Darling Ingredients from an “overweight” rating to a “neutral” rating and cut their target price for the company from $19.00 to $18.00 in a research note on Friday, October 6th. Robert W. Baird reiterated an “outperform” rating and issued a $20.00 target price on shares of Darling Ingredients in a research note on Wednesday, August 23rd. Canaccord Genuity reiterated a “buy” rating and issued a $18.00 target price on shares of Darling Ingredients in a research note on Monday, September 25th. Finally, Roth Capital set a $20.00 target price on Darling Ingredients and gave the company a “buy” rating in a research note on Tuesday, October 24th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $19.33.
Shares of Darling Ingredients Inc (NYSE:DAR) opened at $17.80 on Monday. Darling Ingredients Inc has a 52 week low of $11.51 and a 52 week high of $18.65. The firm has a market capitalization of $2,931.34, a PE ratio of 45.64 and a beta of 1.53. The company has a current ratio of 1.76, a quick ratio of 1.07 and a debt-to-equity ratio of 0.79.
Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). Darling Ingredients had a return on equity of 2.96% and a net margin of 1.76%. The business had revenue of $937.70 million for the quarter, compared to analysts’ expectations of $870.50 million. During the same quarter in the previous year, the firm posted $0.17 EPS. Darling Ingredients’s revenue was up 9.8% on a year-over-year basis. research analysts forecast that Darling Ingredients Inc will post 0.24 EPS for the current fiscal year.
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About Darling Ingredients
Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.
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