Darling Ingredients Inc (DAR) Shares Bought by Strs Ohio
Strs Ohio boosted its holdings in Darling Ingredients Inc (NYSE:DAR) by 119.1% in the fourth quarter, HoldingsChannel reports. The firm owned 34,400 shares of the company’s stock after buying an additional 18,700 shares during the quarter. Strs Ohio’s holdings in Darling Ingredients were worth $623,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its holdings in Darling Ingredients by 1.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,297,053 shares of the company’s stock valued at $23,516,000 after purchasing an additional 15,136 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Darling Ingredients by 6.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 70,900 shares of the company’s stock valued at $1,285,000 after purchasing an additional 4,200 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Darling Ingredients by 4.0% in the third quarter. Parametric Portfolio Associates LLC now owns 704,873 shares of the company’s stock valued at $12,349,000 after purchasing an additional 27,045 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Darling Ingredients by 1,090.8% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,176,259 shares of the company’s stock valued at $73,168,000 after purchasing an additional 3,825,542 shares in the last quarter. Finally, Walthausen & Co. LLC acquired a new position in Darling Ingredients in the third quarter valued at approximately $20,579,000. 97.62% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on DAR shares. Zacks Investment Research downgraded Darling Ingredients from a “buy” rating to a “sell” rating in a report on Monday, October 16th. Canaccord Genuity increased their price objective on Darling Ingredients from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, November 6th. Finally, Roth Capital set a $20.00 price objective on Darling Ingredients and gave the company a “buy” rating in a report on Tuesday, October 24th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $19.33.
Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). The firm had revenue of $937.70 million during 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%. Darling Ingredients’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 earnings per share. sell-side analysts predict that Darling Ingredients Inc will post 0.22 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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