Darling Ingredients Inc. (DAR) Position Raised by Aperio Group LLC
Aperio Group LLC increased its stake in Darling Ingredients Inc. (NYSE:DAR) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 172,085 shares of the company’s stock after acquiring an additional 4,623 shares during the quarter. Aperio Group LLC owned approximately 0.10% of Darling Ingredients worth $3,015,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of DAR. Harrington Investments INC purchased a new stake in shares of Darling Ingredients during the third quarter worth $185,000. BNP Paribas Arbitrage SA grew its holdings 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 worth $1,016,000 after buying an additional 21,528 shares in the last quarter. Teacher Retirement System of Texas grew its holdings 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 worth $208,000 after buying an additional 663 shares in the last quarter. NFC Investments LLC grew its holdings 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 worth $8,849,000 after buying an additional 17,315 shares in the last quarter. Finally, World Asset Management Inc grew its holdings in shares of Darling Ingredients by 2.3% during the second quarter. World Asset Management Inc now owns 10,711 shares of the company’s stock worth $169,000 after buying an additional 237 shares in the last quarter. 95.59% of the stock is owned by institutional investors.
Darling Ingredients Inc. (DAR) opened at $16.27 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.79. The firm has a market cap of $2,679.38, a PE ratio of 41.72 and a beta of 1.54. Darling Ingredients Inc. has a 1 year low of $11.51 and a 1 year high of $18.65.
Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $937.70 million for the quarter, compared to analyst estimates of $870.50 million. Darling Ingredients had a net margin of 1.76% and a return on equity of 2.96%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 EPS. analysts expect that Darling Ingredients Inc. will post 0.24 earnings per share for the current year.
DAR has been the subject of a number of research reports. BidaskClub lowered shares of Darling Ingredients from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Zacks Investment Research lowered shares of Darling Ingredients from a “buy” rating to a “sell” rating in a report on Monday, October 16th. J P Morgan Chase & Co lowered shares of Darling Ingredients from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $19.00 to $18.00 in a report on Friday, October 6th. Robert W. Baird reaffirmed an “outperform” rating and set a $20.00 target price on shares of Darling Ingredients in a report on Wednesday, August 23rd. Finally, Roth Capital set a $20.00 target price on shares of Darling Ingredients and gave the stock a “buy” rating in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $19.33.
Darling Ingredients Profile
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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