Darling Ingredients Inc (DAR) Shares Sold by Marathon Partners Equity Management LLC

Marathon Partners Equity Management LLC cut its stake in Darling Ingredients Inc (NYSE:DAR) by 22.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 560,000 shares of the company’s stock after selling 165,000 shares during the quarter. Darling Ingredients makes up 4.3% of Marathon Partners Equity Management LLC’s portfolio, making the stock its 10th biggest holding. Marathon Partners Equity Management LLC owned 0.34% of Darling Ingredients worth $9,811,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Shufro Rose & Co. LLC boosted its holdings in Darling Ingredients by 0.4% in the second quarter. Shufro Rose & Co. LLC now owns 27,457 shares of the company’s stock worth $432,000 after purchasing an additional 100 shares in the last quarter. World Asset Management Inc boosted its holdings in Darling Ingredients by 2.3% in the second quarter. World Asset Management Inc now owns 10,711 shares of the company’s stock worth $169,000 after purchasing an additional 237 shares in the last quarter. Amalgamated Bank boosted its holdings in Darling Ingredients by 1.4% during the second quarter. Amalgamated Bank now owns 22,413 shares of the company’s stock valued at $353,000 after acquiring an additional 304 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Darling Ingredients by 2.6% during the first quarter. Public Employees Retirement System of Ohio now owns 13,252 shares of the company’s stock valued at $192,000 after acquiring an additional 335 shares during the period. Finally, US Bancorp DE boosted its holdings in Darling Ingredients by 1.9% during the second quarter. US Bancorp DE now owns 27,259 shares of the company’s stock valued at $429,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 98.06% of the company’s stock.

Darling Ingredients Inc (DAR) traded up $0.02 during mid-day trading on Thursday, reaching $18.17. 1,408,300 shares of the company’s stock were exchanged, compared to its average volume of 1,181,597. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.07. Darling Ingredients Inc has a one year low of $11.51 and a one year high of $18.65. The company has a market capitalization of $2,990.00, a PE ratio of 46.54 and a beta of 1.52.

Darling Ingredients (NYSE:DAR) last released its earnings results 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). Darling Ingredients had a net margin of 1.76% and a return on equity of 2.96%. The company had revenue of $937.70 million during the quarter, compared to the consensus estimate of $870.50 million. During the same quarter in the previous year, the business posted $0.17 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. equities analysts forecast that Darling Ingredients Inc will post 0.24 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on the stock. Robert W. Baird restated an “outperform” rating and set a $20.00 price target on shares of Darling Ingredients in a report on Wednesday, August 23rd. J P Morgan Chase & Co set a $19.00 price target on shares of Darling Ingredients and gave the company a “buy” rating in a report on Monday, August 14th. Zacks Investment Research upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a report on Monday, November 13th. Roth Capital set a $20.00 price target on shares of Darling Ingredients and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, Canaccord Genuity upped their price target on shares of Darling Ingredients from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, November 6th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $19.33.

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

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