Eagle Asset Management Inc. decreased its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 11.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,838,381 shares of the company’s stock after selling 361,635 shares during the period. Eagle Asset Management Inc. owned 1.72% of Darling Ingredients worth $44,676,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of DAR. State of Alaska Department of Revenue boosted its position in shares of Darling Ingredients by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 18,260 shares of the company’s stock valued at $265,000 after buying an additional 450 shares during the period. Nationwide Fund Advisors boosted its position in shares of Darling Ingredients by 2.8% in the first quarter. Nationwide Fund Advisors now owns 238,215 shares of the company’s stock worth $3,459,000 after buying an additional 6,581 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Darling Ingredients by 237.2% in the first quarter. Russell Investments Group Ltd. now owns 32,109 shares of the company’s stock worth $467,000 after buying an additional 22,587 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Darling Ingredients by 72.1% in the first quarter. Wells Fargo & Company MN now owns 203,342 shares of the company’s stock worth $2,952,000 after buying an additional 85,216 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in shares of Darling Ingredients by 33.1% in the first quarter. Canada Pension Plan Investment Board now owns 1,267,500 shares of the company’s stock worth $18,404,000 after buying an additional 315,400 shares during the last quarter. Institutional investors own 95.37% of the company’s stock.

Darling Ingredients Inc. (NYSE DAR) opened at 17.68 on Friday. The firm has a market capitalization of $2.91 billion, a PE ratio of 34.73 and a beta of 1.59. Darling Ingredients Inc. has a one year low of $11.51 and a one year high of $17.79. The company has a 50 day moving average price of $16.65 and a 200-day moving average price of $15.41.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.05. The company had revenue of $896.30 million during the quarter, compared to analyst estimates of $890.91 million. Darling Ingredients had a net margin of 2.39% and a return on equity of 3.99%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the company earned $0.19 EPS. On average, equities analysts predict that Darling Ingredients Inc. will post $0.44 EPS for the current year.

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DAR has been the topic of a number of recent research reports. Canaccord Genuity restated a “buy” rating and issued a $18.00 target price on shares of Darling Ingredients in a report on Monday, May 8th. Zacks Investment Research cut Darling Ingredients from a “buy” rating to a “hold” rating in a report on Friday, May 12th. BidaskClub upgraded Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. BMO Capital Markets restated a “buy” rating and issued a $19.00 target price on shares of Darling Ingredients in a report on Tuesday, May 16th. Finally, Robert W. Baird restated an “outperform” rating and issued a $20.00 target price on shares of Darling Ingredients in a report on Wednesday, August 23rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $18.17.

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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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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