Emerald Advisers Inc. PA reduced its position in Darling Ingredients Inc. (NYSE:DAR) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,590 shares of the company’s stock after selling 793 shares during the period. Emerald Advisers Inc. PA’s holdings in Darling Ingredients were worth $575,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Emerald Mutual Fund Advisers Trust raised its stake in Darling Ingredients by 5.6% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 17,312 shares of the company’s stock worth $258,000 after buying an additional 920 shares during the period. Strs Ohio raised its stake in Darling Ingredients by 425.0% in the second quarter. Strs Ohio now owns 65,100 shares of the company’s stock worth $969,000 after buying an additional 52,700 shares during the period. Louisiana State Employees Retirement System raised its stake in Darling Ingredients by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 72,900 shares of the company’s stock worth $1,086,000 after buying an additional 200 shares during the period. Bank of Montreal Can purchased a new stake in Darling Ingredients during the second quarter worth $7,249,000. Finally, Shell Asset Management Co. purchased a new stake in Darling Ingredients during the second quarter worth $1,663,000. 95.37% of the stock is currently owned by institutional investors.
Darling Ingredients Inc. (NYSE:DAR) remained flat at $13.36 during trading on Wednesday. 1,166,651 shares of the company traded hands. The company has a 50 day moving average price of $13.64 and a 200 day moving average price of $14.34. Darling Ingredients Inc. has a one year low of $7.78 and a one year high of $15.93. The firm has a market capitalization of $2.20 billion, a PE ratio of 20.30 and a beta of 1.77.
Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, August 11th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. Darling Ingredients had a net margin of 3.27% and a return on equity of 5.90%. The company had revenue of $877.50 million for the quarter, compared to the consensus estimate of $875.85 million. During the same period in the previous year, the firm earned $0.02 earnings per share. Darling Ingredients’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts forecast that Darling Ingredients Inc. will post $0.56 earnings per share for the current fiscal year.
A number of brokerages have commented on DAR. TheStreet downgraded shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Thursday, October 6th. Zacks Investment Research upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Monday, September 19th. Roth Capital set a $16.50 target price on shares of Darling Ingredients and gave the stock a “buy” rating in a research note on Monday, September 19th. BMO Capital Markets restated an “outperform” rating and issued a $18.00 target price on shares of Darling Ingredients in a research note on Friday, September 16th. Finally, Canaccord Genuity set a $18.00 target price on shares of Darling Ingredients and gave the stock a “buy” rating in a research note on Thursday, September 15th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Darling Ingredients currently has a consensus rating of “Buy” and an average target price of $16.94.
In other Darling Ingredients news, EVP John Bullock sold 11,258 shares of Darling Ingredients stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $14.18, for a total transaction of $159,638.44. Following the transaction, the executive vice president now directly owns 115,711 shares of the company’s stock, valued at $1,640,781.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.75% of the company’s stock.
Darling Ingredients Company Profile
Darling Ingredients Inc, formerly Darling International Inc, is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients. The Company offers a range of ingredients and specialty solutions for customers in the food, pet food, pharmaceutical, feed, fuel, bioenergy and fertilizer industries.
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