State of Tennessee Treasury Department Has $2.55 Million Holdings in Darling Ingredients Inc. (DAR)

State of Tennessee Treasury Department decreased its stake in Darling Ingredients Inc. (NYSE:DAR) by 5.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,778 shares of the company’s stock after selling 9,214 shares during the quarter. State of Tennessee Treasury Department owned approximately 0.09% of Darling Ingredients worth $2,554,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Harrington Investments INC purchased a new stake in Darling Ingredients in the third quarter worth about $185,000. BNP Paribas Arbitrage SA increased its position in Darling Ingredients by 50.1% in the second quarter. BNP Paribas Arbitrage SA now owns 64,534 shares of the company’s stock worth $1,016,000 after buying an additional 21,528 shares in the last quarter. NFC Investments LLC increased its position in Darling Ingredients by 3.2% in the second quarter. NFC Investments LLC now owns 562,220 shares of the company’s stock worth $8,849,000 after buying an additional 17,315 shares in the last quarter. Teacher Retirement System of Texas increased its position in Darling Ingredients by 5.3% in the second quarter. Teacher Retirement System of Texas now owns 13,214 shares of the company’s stock worth $208,000 after buying an additional 663 shares in the last quarter. Finally, World Asset Management Inc increased its position 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 buying an additional 237 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

A number of analysts have commented on the company. BidaskClub cut Darling Ingredients from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. J P Morgan Chase & Co set a $19.00 price target on Darling Ingredients and gave the stock a “buy” rating in a research report on Monday, August 14th. Robert W. Baird restated a “buy” rating and issued a $20.00 price target on shares of Darling Ingredients in a research report on Tuesday, September 26th. Canaccord Genuity restated a “buy” rating and issued a $18.00 price target on shares of Darling Ingredients in a research report on Monday, September 25th. Finally, Zacks Investment Research upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Darling Ingredients currently has an average rating of “Buy” and a consensus target price of $19.33.

Shares of Darling Ingredients Inc. (NYSE DAR) opened at $16.37 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.07 and a current ratio of 1.76. Darling Ingredients Inc. has a 1 year low of $11.51 and a 1 year high of $18.65. The stock has a market capitalization of $2,695.84, a PE ratio of 41.97 and a beta of 1.54.

Darling Ingredients (NYSE:DAR) last released its earnings results on Tuesday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Darling Ingredients had a return on equity of 2.96% and a net margin of 1.76%. The business had revenue of $937.70 million for the quarter, compared to analysts’ expectations of $870.50 million. During the same quarter in the prior year, the business posted $0.17 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. analysts forecast that Darling Ingredients Inc. will post 0.24 EPS for the current fiscal year.

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Darling Ingredients Company 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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