Swiss National Bank Acquires 6,400 Shares of Darling Ingredients Inc (NYSE:DAR)

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Swiss National Bank raised its holdings in shares of Darling Ingredients Inc (NYSE:DAR) by 2.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 306,400 shares of the company’s stock after acquiring an additional 6,400 shares during the quarter. Swiss National Bank owned approximately 0.19% of Darling Ingredients worth $6,094,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Marshall Wace North America L.P. bought a new position in shares of Darling Ingredients during the 1st quarter worth approximately $1,028,000. Oregon Public Employees Retirement Fund grew its stake in shares of Darling Ingredients by 1.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 64,871 shares of the company’s stock worth $1,290,000 after acquiring an additional 1,100 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Darling Ingredients by 101.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 51,907 shares of the company’s stock worth $1,124,000 after acquiring an additional 26,189 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Darling Ingredients by 5.3% during the 1st quarter. Jennison Associates LLC now owns 3,309,384 shares of the company’s stock worth $71,648,000 after acquiring an additional 166,986 shares in the last quarter. Finally, Equitec Specialists LLC bought a new position in shares of Darling Ingredients during the 2nd quarter worth approximately $366,000. 97.93% of the stock is owned by institutional investors.

DAR has been the subject of several research reports. Zacks Investment Research cut shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Wednesday, August 14th. ValuEngine cut shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th.

NYSE:DAR opened at $18.29 on Wednesday. Darling Ingredients Inc has a 1-year low of $17.99 and a 1-year high of $22.62. The company has a current ratio of 1.53, a quick ratio of 0.92 and a debt-to-equity ratio of 0.72. The firm has a fifty day simple moving average of $19.67 and a 200 day simple moving average of $20.50. The stock has a market capitalization of $3.03 billion, a PE ratio of 20.55 and a beta of 1.17.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). Darling Ingredients had a net margin of 2.37% and a return on equity of 3.35%. The business had revenue of $827.30 million for the quarter, compared to analyst estimates of $839.92 million. During the same period in the prior year, the business earned $0.11 EPS. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, equities analysts predict that Darling Ingredients Inc will post 0.68 earnings per share for the current fiscal year.

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

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