MML Investors Services LLC lifted its holdings in shares of Darling Ingredients Inc (NYSE:DAR) by 97.5% in the third quarter, Holdings Channel reports. The institutional investor owned 23,640 shares of the company’s stock after purchasing an additional 11,673 shares during the quarter. MML Investors Services LLC’s holdings in Darling Ingredients were worth $457,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in the stock. Bowling Portfolio Management LLC acquired a new position in Darling Ingredients during the 3rd quarter valued at about $201,000. MAI Capital Management acquired a new position in Darling Ingredients during the 2nd quarter valued at about $242,000. Parametrica Management Ltd acquired a new position in Darling Ingredients during the 3rd quarter valued at about $290,000. Russell Investments Group Ltd. acquired a new position in Darling Ingredients during the 3rd quarter valued at about $348,000. Finally, Connable Office Inc. boosted its stake in Darling Ingredients by 30.2% during the 2nd quarter. Connable Office Inc. now owns 18,247 shares of the company’s stock valued at $363,000 after purchasing an additional 4,234 shares during the period. 99.10% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have issued reports on DAR shares. JPMorgan Chase & Co. boosted their target price on shares of Darling Ingredients from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, August 10th. Zacks Investment Research lowered shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. Finally, BMO Capital Markets boosted their target price on shares of Darling Ingredients from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Friday, August 10th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Darling Ingredients has a consensus rating of “Hold” and a consensus target price of $22.25.
Shares of NYSE:DAR opened at $21.46 on Thursday. The company has a market capitalization of $3.53 billion, a PE ratio of 89.42 and a beta of 1.14. Darling Ingredients Inc has a twelve month low of $16.26 and a twelve month high of $22.38. The company has a quick ratio of 1.06, a current ratio of 1.81 and a debt-to-equity ratio of 0.72.
Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Tuesday, November 6th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13). The company had revenue of $812.58 million during the quarter, compared to analyst estimates of $859.52 million. Darling Ingredients had a return on equity of 5.36% and a net margin of 4.78%. The company’s revenue was down 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.05 earnings per share. Equities analysts forecast that Darling Ingredients Inc will post 0.92 earnings per share for the current year.
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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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