Chicago Equity Partners LLC bought a new stake in shares of Darling Ingredients Inc (NYSE:DAR) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 20,145 shares of the company’s stock, valued at approximately $353,000.
A number of other large investors also recently made changes to their positions in the business. Bank of America Corp DE raised its position in Darling Ingredients by 43.7% in the first quarter. Bank of America Corp DE now owns 371,574 shares of the company’s stock valued at $5,395,000 after purchasing an additional 113,044 shares during the period. State Street Corp grew its stake in shares of Darling Ingredients by 5.5% during the first quarter. State Street Corp now owns 4,139,438 shares of the company’s stock valued at $60,110,000 after acquiring an additional 214,226 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of Darling Ingredients by 1.1% during the first quarter. Metropolitan Life Insurance Co. NY now owns 113,290 shares of the company’s stock valued at $1,645,000 after acquiring an additional 1,218 shares in the last quarter. HighTower Advisors LLC grew its stake in Darling Ingredients by 9.1% in the first quarter. HighTower Advisors LLC now owns 17,394 shares of the company’s stock worth $250,000 after purchasing an additional 1,444 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in Darling Ingredients by 2.6% in the first quarter. Public Employees Retirement System of Ohio now owns 13,252 shares of the company’s stock worth $192,000 after purchasing an additional 335 shares in the last quarter. Hedge funds and other institutional investors own 98.06% of the company’s stock.
Darling Ingredients Inc (NYSE:DAR) traded up $0.15 during trading hours on Monday, hitting $18.29. 1,936,923 shares of the stock traded hands, compared to its average volume of 1,180,803. Darling Ingredients Inc has a one year low of $11.51 and a one year high of $18.65. The company has a market cap of $2,987.33, a P/E ratio of 46.51 and a beta of 1.53. 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 (NYSE:DAR) last announced its quarterly earnings data 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 business had revenue of $937.70 million during the quarter, compared to analyst estimates of $870.50 million. During the same quarter in the prior year, the company earned $0.17 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. research analysts forecast that Darling Ingredients Inc will post 0.24 EPS for the current fiscal year.
DAR has been the subject of a number of research reports. Robert W. Baird reissued an “outperform” rating and issued a $20.00 target price (up previously from $19.00) on shares of Darling Ingredients in a report on Friday, August 11th. J P Morgan Chase & Co set a $19.00 price target on Darling Ingredients and gave the company a “buy” rating in a report on Monday, August 14th. Canaccord Genuity reissued a “buy” rating and set a $18.00 target price on shares of Darling Ingredients in a report on Monday, September 25th. Zacks Investment Research upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Wednesday, October 11th. Finally, Roth Capital set a $20.00 price objective on shares of Darling Ingredients and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Darling Ingredients presently has an average rating of “Buy” and an average target price of $19.33.
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About Darling Ingredients
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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