Deutsche Bank AG Acquires 279,040 Shares of Darling Ingredients Inc (DAR)
Deutsche Bank AG grew its holdings in Darling Ingredients Inc (NYSE:DAR) by 33.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,106,267 shares of the company’s stock after purchasing an additional 279,040 shares during the period. Deutsche Bank AG owned about 0.67% of Darling Ingredients worth $21,282,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Enlightenment Research LLC acquired a new stake in shares of Darling Ingredients in the fourth quarter valued at approximately $31,000. Phocas Financial Corp. acquired a new position in Darling Ingredients during the fourth quarter worth $35,000. Bronfman E.L. Rothschild L.P. increased its holdings in Darling Ingredients by 455.0% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,564 shares of the company’s stock worth $49,000 after buying an additional 2,102 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new position in Darling Ingredients during the fourth quarter worth $63,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in Darling Ingredients during the fourth quarter worth $130,000. Institutional investors own 99.04% of the company’s stock.
In other Darling Ingredients news, Chairman Randall C. Stuewe sold 21,060 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $22.00, for a total value of $463,320.00. Following the transaction, the chairman now directly owns 798,989 shares in the company, valued at $17,577,758. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Randall C. Stuewe sold 68,940 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $21.02, for a total transaction of $1,449,118.80. Following the completion of the transaction, the chief executive officer now owns 780,680 shares in the company, valued at $16,409,893.60. The disclosure for this sale can be found here. 2.44% of the stock is currently owned by insiders.
Shares of DAR opened at $21.83 on Thursday. The firm has a market cap of $3.55 billion, a P/E ratio of 24.19 and a beta of 1.17. Darling Ingredients Inc has a 1-year low of $16.36 and a 1-year high of $22.62. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.03 and a current ratio of 1.66.
Darling Ingredients (NYSE:DAR) last issued its earnings results on Wednesday, February 27th. The company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.03). The firm had revenue of $853.13 million for the quarter, compared to analyst estimates of $889.24 million. Darling Ingredients had a return on equity of 6.35% and a net margin of 3.00%. Darling Ingredients’s quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 earnings per share. On average, analysts predict that Darling Ingredients Inc will post 0.96 earnings per share for the current year.
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Darling Ingredients Company Profile
Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers 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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